A block is where the most up-to-date record of transactions on the Bitcoin network is kept. Every 10 minutes, a new block is created and added to the existing previous blocks, which creates the blockchain.
This process of adding new blocks is known as mining where specialized equipment called ASICS integrates the transactions continuously into the blockchain.
Before and after the mining process, nodes check all previous blocks to ensure that no double spending has occurred.
Disclaimer: The information provided on this blog is for informational purposes only and should not be taken as any form of advice.
Bitcoin, the pioneer of the cryptocurrency world, has firmly established itself as a significant player in the global financial market.
When purchasing an ASIC miner, it is vital to consider the hardware source. Many options are available across Canada, from
The Whatsminer M20S is a high-performance ASIC miner developed by MicroBT, a leading manufacturer of mining hardware. Launched in 2019,
