Mining - Understanding Bitcoin - Wiley Online Library

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CHAPTER 9 Mining. Bitcoin mining was introduced in section 7.4, in the context of the blockchain. Mining is the process of adding blocks to the blockchain. Miners contribute their computational power to solve the blocks that are added to the blockchain, and the network remunerates them with the block reward and the fees collected from all the transactions included in the block. With Understanding Bitcoin, expert author Pedro Franco provides finance professionals with a complete technical guide and resource to the cryptography, engineering and economic development of Bitcoin and other cryptocurrencies. This comprehensive, yet accessible work fully explores the supporting economic realities and technological advances of Bitcoin, and presents positive and negative ... Pedro Franco, through his book, ... In this section, Franco provides his readers with information regarding the blockchain and mining technologies of Bitcoin combined with an explanation of the meaning of cryptography. Part Three: The Cryptocurrencies Landscape. From this section, readers can trace the origin of Bitcoin from early experiments undertaken on public key cryptography and blind ... Pedro Franco, the author of 'Understanding Bitcoin: Cryptography, engineering and economics' begins with a lapel-grabbing analogy: "Bitcoin could be used as an open platform for the exchange of ... With Understanding Bitcoin, expert author Pedro Franco provides finance professionals with a complete technical guide and resource to the cryptography, engineering and economic development of Bitcoin and other cryptocurrencies. This comprehensive, yet accessible work fully explores the supporting economic realities and technological advances of ...

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