When you send crypto using the Bitcoin network, your transaction is verified and added to the public record called the blockchain in whatโs known as 'mining'.
People involved in mining are known as โminersโ, and use powerful computers to store data, manage transactions, and solve a tough math problem in a validation process called Proof of Work (PoW) to keep the network running and secure.
In return, miners earn rewards and transaction fees, paid in bitcoin.
This system does not require third-party intermediaries, enabling Bitcoin to be regarded as fast, secure, and decentralized.
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