How Do Blockchain Miners Verify Transactions? Process Behind the Scenes
How Do Blockchain Miners Verify Transactions? How Do Blockchain Miners Verify Transactions: Blockchain technology is a decentralized digital ledger that securely records transactions across a network of computers. The core principles of blockchain—decentralization, immutability, and transparency—serve as foundational elements that facilitate the operation of cryptocurrencies. Decentralization eliminates the need for a central authority, enabling peer-to-peer transactions without an intermediary, while also enhancing security and increasing trust among users. Immutability refers to the characteristic of blockchain data, whereby once information is recorded, it cannot be altered or deleted without triggering a consensus among network participants. This quality…