A Miner is required to validate new transactions and record them on the blockchain ledger as part of every proof-of-work (PoW) blockchain consensus protocol. Miners validate these transactions by solving complex math problems, resulting in the creation of new coins while strengthening the network’s security and trustworthiness. Miners are typically rewarded a fraction of a network’s native currency for each successfully mined block in order to incentivize users to allocate processing power to mine new blocks.
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