Let’s unravel some common misconceptions about Bitcoin mining and explore how it actually secures the Bitcoin network, using a simple analogy!

Bitcoin mining is one of the most widely known and yet controversial aspects of Bitcoin. What is a groundbreaking innovation in network security for some, is nothing more than a waste of energy and resources for others. But how does “mining bitcoin” actually work?

Since Bitcoin is a decentralized network, where everyone can participate, there are no central authorities that control the creation of new blocks containing new transactions, and thus nobody to control the issuance of new coins.

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