What is Cryptocurrency Mining?

Test Your Knowledge

A. The process of transferring cryptocurrencies between users.

B. The process by which new coins are created and transactions are validated on a blockchain.

C. The process of trading cryptocurrencies on exchanges.

A. GPU Mining, ASIC Mining, Cloud Mining, CPU Mining

B. Paper Mining, Wallet Mining, Network Mining

C. Centralized Mining, Exchange Mining, Digital Mining

A. It helps in reducing the value of cryptocurrencies.

B. It ensures the creation of new coins and the validation of transactions.

C. It enables the government to control cryptocurrencies.