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Mining

delete2021-04-20
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OA
AI
W
W.Z. Alsindi *
L
Laura Lotti
DOI:10.14763/2021.2.1551delete
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Abstract

Abstract

En 中文
In the context of blockchain networks, mining describes a permissionless process intended to ensure the global consistency of a decentralised ledger. Mining requires the consumption of a costly computational resource to participate in a probabilistic competition that confers specific privileges to a node. These privileges typically relate to the proposal of a new block, including the identity and order of transactions contained within. Mining is incentivised via an algorithmically regulated provision of rewards, usually in the form of newly generated coins and/or transaction fees.
Keywords:
Blockchain

Journal

I
Internet Policy Review
IF:
3.2
Papers:
254
Citations:
1.5K

Organization

No organization information available