Volume 1, Issue 1

Bitcoin Mining: A Case Study

Published:    2017-06-30

Author

Prashant Ankalkoti

Abstract

This paper is a study on Bitcoin Mining practice. Bitcoin mining is the technique of adding transaction records to Bitcoin's community ledger of former period transactions or blockchain. The mining practice is used to validate and make safe transactions. This process is organized as a speed game among persons or firms – the miners – with diverse computational powers to solve a mathematical difficulty, bring a proof of work, extend their solution and attain agreement among the Bitcoin network nodes with it.

Keywords

Network, Blockchain, Nodes, Wallets

Full Text   Volume 1 - Issue 1