+14 Mining A Cryptocurrency 2022. This step ensures the validity of the currency, with no one able to use the same money twice. Incentivizing miners with payouts of a certain cryptocurrency to validate its transactions makes the cryptocurrency safe, secure, and trustworthy to use.
Cryptomining uses the processing power of computers to solve complex mathematical problems and verify cybercurrency transactions. It bears little resemblance to the work done by those who physically mine for precious metals like gold. It supports smart contracts and decentralized apps, so it has plenty of practical use.