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Understand the Block Reward Mechanism in Ethereum Mining
Ethereum, other cryptocurrencies, operates on a decentralized network of Nodes and Minors which collectively validate transactions and create new blocks. The fact and the validation of transactions.
The Block Reward Mechanism
In Ethereum, each block contains 6,000 transactions, called “Transactions” or “TX”. Minors are rewarded with a number of ether (ETH), the native cryptocurrency of the Ethereum network, to create a new block and validate all the transactions there. The Block Award Pool.
Mathematical Puzzles, called “Proof of Work” (Pow), which require significant calculation power and energy consumption. Once a minor resolves the puzzle, he is rewarded by 6,000 new eth and all the unsold transaction costs associated with transactions in the newly created block.
Why Mine A Block Without Transaction
A new block without any transaction. “Proof of Work”, which requires computing power and energy consumption to value transactions and create new blocks.
. However
The Concept of “Mining”
The term “Mining” often involves the Act of Validating Transactions and creating new blocks, it can also refer to the process of extraction of precious resources from a blockchain network. ; They also extract useful blockchain data.
Conclusion
In the Validation Process and Create New Blocks on the Ethereum Network. ALTHING IT may see counteratful that minors can explain a block without any transaction, there are logical explanations for this phenomenon. ; It is also a question of extracting precious resources from Blockchain Networks.
Additional Resources
Technology, please refer to the Official Ethereum website:
In addition, you can find a complete guide
