mining idea – fundamentals of cryptocurrency


I lately turned keen on cryptocurrency and its mining course of however there are some things I do not perceive very effectively and I’m nonetheless attempting to be taught the fundamentals extra earlier than moving into buying and selling and mining. I’m completely new to this and nonetheless wanting round to only perceive it first.

  1. i learn that foreign money is mined by fixing cryptographic equations. what are these equations mainly and what are they used for and other than you getting a reward for fixing them i.e. cryptocurrency
  2. other than you who or what else advantages from the answer of such equations like what’s the influence of it
  3. what made these equations i.e. their origin
  4. is the 21million restrict on bitcoin fastened or can it’s modified. on a web site I learn that this restrict has been decided from extrapolating its present capabilities and parameters.

Other than this any useful info or web sites to be taught from could be vastly appreciated as a result of I understand that that is very advanced and it’ll take me some time to familiarize myself with it. Thanks

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