43 views
in Cryptocurrency by (2.2k points)
What is the role of miners in a Proof of Work blockchain?

Please log in or register to answer this question.

1 Answer

0 votes
by (2.8k points)
Miners play a crucial role in a Proof of Work blockchain by confirming transactions and adding them to the blockchain. They compete to solve complex mathematical puzzles using their computational power. The first miner to solve the puzzle is rewarded with newly minted cryptocurrency and transaction fees. This process, known as mining, helps secure the network and maintain the integrity of the blockchain.
...