Artikel

Mining

In the context of blockchain networks, mining describes a permissionless process intended to ensure the global consistency of a decentralised ledger. Mining requires the consumption of a costly computational resource to participate in a probabilistic competition that confers specific privileges to a node. These privileges typically relate to the proposal of a new block, including the identity and order of transactions contained within. Mining is incentivised via an algorithmically regulated provision of rewards, usually in the form of newly generated coins and/or transaction fees.

Language
Englisch

Bibliographic citation
Journal: Internet Policy Review ; ISSN: 2197-6775 ; Volume: 10 ; Year: 2021 ; Issue: 2 ; Pages: 1-9 ; Berlin: Alexander von Humboldt Institute for Internet and Society

Classification
Sozialwissenschaften, Soziologie, Anthropologie
Subject
Blockchain

Event
Geistige Schöpfung
(who)
Alsindi, Wassim Zuhair
Lotti, Laura
Event
Veröffentlichung
(who)
Alexander von Humboldt Institute for Internet and Society
(where)
Berlin
(when)
2021

DOI
doi:10.14763/2021.2.1551
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Alsindi, Wassim Zuhair
  • Lotti, Laura
  • Alexander von Humboldt Institute for Internet and Society

Time of origin

  • 2021

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