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...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Alexander von Humboldt Institute for Internet and Society
2021-04-01
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| Series: | Internet Policy Review |
| Subjects: | |
| Online Access: | https://policyreview.info/node/1551 |
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| _version_ | 1849706664986411008 |
|---|---|
| author | Wassim Zuhair Alsindi Laura Lotti |
| author_facet | Wassim Zuhair Alsindi Laura Lotti |
| author_sort | Wassim Zuhair Alsindi |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-7942a70acf1840649fe5e8ddc0f665ab |
| institution | DOAJ |
| issn | 2197-6775 |
| language | English |
| publishDate | 2021-04-01 |
| publisher | Alexander von Humboldt Institute for Internet and Society |
| record_format | Article |
| series | Internet Policy Review |
| spelling | doaj-art-7942a70acf1840649fe5e8ddc0f665ab2025-08-20T03:16:07ZengAlexander von Humboldt Institute for Internet and SocietyInternet Policy Review2197-67752021-04-0110210.14763/2021.2.1551MiningWassim Zuhair Alsindi0Laura Lotti1Massachusetts Institute of TechnologyIndependentIn 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.https://policyreview.info/node/1551Blockchain |
| spellingShingle | Wassim Zuhair Alsindi Laura Lotti Mining Internet Policy Review Blockchain |
| title | Mining |
| title_full | Mining |
| title_fullStr | Mining |
| title_full_unstemmed | Mining |
| title_short | Mining |
| title_sort | mining |
| topic | Blockchain |
| url | https://policyreview.info/node/1551 |
| work_keys_str_mv | AT wassimzuhairalsindi mining AT lauralotti mining |