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What is Mining in CryptoCurrency Networks?

Mining in cryptocurrency networks is a validation of transactions. For such kind of validation efforts miners get new cryptocurrency as a reward.

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How CryptoCurrencies are validated?

Blockchain provides validity of each cryptocurrency coins.

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What are coins and tokens?

Coins and Tokens are Crypto Tokens which provides functions other than making payments.

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Who maintains a CryptoCurrency?

A CryptoCurrency does not require a central administrator and so it’s maintained through distributed or shared consensus.

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How CryptoCurrency works?

CryptoCurrencies works through shared, replicated and synchronised data geographically spread across multiple countries and institutions. Which is typically a blockchain. For example Bitcoin, a most popular CryptoCurrency.

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  • What is Mining in CryptoCurrency Networks?
  • How CryptoCurrencies are validated?
  • What are coins and tokens?
  • Who maintains a CryptoCurrency?
  • How CryptoCurrency works?

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