When the block is confirmed, it's added to the cryptocurrency's blockchain, a distributed digital ledger of all its transactions. The first miner to get the correct answer wins the right to confirm a block of that cryptocurrency's transactions. By providing the correct answer, the miner has shown proof of doing work. Under the proof-of-work model, which was introduced with Bitcoin ( CRYPTO:BTC), miners check transactions using computing devices that solve complex mathematical equations. They function without a central governing body confirming their transactions. It was the first method used that enabled cryptocurrencies to be decentralized. Cryptocurrency mining is the way that proof-of-work cryptocurrencies validate transactions and mint new coins.
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