mining idea – fundamentals of cryptocurrency


I not too long ago grew to become fascinated with cryptocurrency and its mining course of however there are some things I do not perceive very nicely and I’m nonetheless attempting to be taught the fundamentals extra earlier than stepping into buying and selling and mining. I’m completely new to this and nonetheless trying round to simply perceive it first.

  1. i learn that forex is mined by fixing cryptographic equations. what are these equations mainly and what are they used for and aside from you getting a reward for fixing them i.e. cryptocurrency
  2. aside from you who or what else advantages from the answer of such equations like what’s the influence of it
  3. what made these equations i.e. their origin
  4. is the 21million restrict on bitcoin mounted or can it’s modified. on an internet site I learn that this restrict has been decided from extrapolating its present features and parameters.

Other than this any useful info or web sites to be taught from can be enormously appreciated as a result of I understand that that is very complicated and it’ll take me some time to familiarize myself with it. Thanks

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