Blockchain 101 - 7 steps to understand the 'mining' process behind a blockchain.
- What are the benefits of mining? (what attracts people to do it)
- Why does blockchain mining have a negative impact on the environment
Have you ever wondered how the mining process on a blockchain works, or how your transaction gets confirmed and is added the blockchain? Well, so have I. And since I couldn’t find any clear step by step explanation of this process, I decided to dig into it and write a guide myself. Here is how a blockchain transaction is processed from your wallet into the blockchain, in seven steps.