Benettep
Here is an article draft:
Ethereum: What is a good analogy (which is the secular one to understand) for the Bitcoin exploitation process?
Imagine you have a particularly powerful computer that can solve complex mathematical equations in seconds. This computer is like a particularly advanced Miner that helps check out new Ethereum Blockchain operations.
mining process: a simple analogy
As mines use strong computers to solve complex mathematics problems that include huge amount of energy and calculations, Ethereum miners use their powerful computers (known as “mining platforms”) to confirm new Ethreum operations. Here is a simplified analogy:
- The sender must broadcast this operation for the entire Ethereum network.
- This process is like solving complex mathematics problems on your strong computer.
- Required Energy
: Solving these mathematics problems requires significant calculation power. To solve one problem, you should calculate a huge amount of data per second. Similarly, mining use their strong computers to solve the huge mathematics problems (known as “mix”), which include solution to complex mathematical equations.
- Reward for the decision : As soon as the cashier is resolved, they receive the latest Ethereum coins known as “mining awards”. It is like a reward for surgery inspection.
The mining process in a simple point of view
In summary, miner use strong computers:
- Solve complex mathematics problems (mining problem)
- Check new Blockchain operations (Operations Checking Process)
- Use and calculation power to effectively solve math problems
Realizing this simple analogy, you will better understand how Ethereum mining works and why it is an essential part of the cryptocurrency ecosystem.
Feel that you will be able to change or add to this project if necessary!
