Mining Ether

Mining is the process by which the Ethereum network reaches consensus about the order of transactions in a given period of time, which in turn allows the EVM to make valid state transitions
  • Chris Dannen
Chapter

Abstract

Mining is important as the process by which consensus is reached in the system, and by which ether is created. Bitcoin also uses mining to reach consensus, but the way things work in Ethereum is a little bit different, owing to its ability to execute smart contracts.

Keywords

Direct Acyclic Graph Block Time Mining Pool Merkle Tree True Block 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Chris Dannen 2017

Authors and Affiliations

  • Chris Dannen
    • 1
  1. 1.BrooklynUSA

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