What is the role of miners in cryptocurrency networks?

Started by rimiye3721, Jun 04, 2024, 02:28 AM

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rimiye3721

What is the role of miners in cryptocurrency networks?

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Miners play a critical role in cryptocurrency networks by validating and recording transactions on the blockchain. Here are some of the key roles of miners in cryptocurrency networks:

1. Validating transactions: Miners validate transactions by ensuring that they are valid and adhere to the rules of the network. This is important because it helps to prevent fraudulent or malicious transactions from being added to the blockchain.

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