venkat9985
Data Source Auditor
2
MONTHS
2 2 MONTHS OF SERVICE
LEVEL 1
400 XP
I'm relatively new to the world of crypto currencies and have been trying to wrap my head around the concept of mining. I've read several articles and watched a few videos, but I'm still having some difficulty understanding the exact impact that mining has on crypto currencies.
From what I gather, mining is the process by which new coins are created and added to the circulation, right? But how does this process affect the overall value and stability of a crypto currency? I've heard people talking about proof-of-work and proof-of-stake, and I'm not quite sure how these concepts tie into mining either.
From what I gather, mining is the process by which new coins are created and added to the circulation, right? But how does this process affect the overall value and stability of a crypto currency? I've heard people talking about proof-of-work and proof-of-stake, and I'm not quite sure how these concepts tie into mining either.