Cool How Are Crypto Currencies Mined 2022. Recall that block rewards vary between blockchains. In cryptocurrency mining, work is performed, and the process ends with new cryptocurrency being created and added to the blockchain ledger.
The process of mining cryptocurrency enables two of the most critical functions necessary for an operational cryptocurrency. The purpose of bitcoin, which was the first crypto money, was to work experimentally. These coins can then be traded for other assets, sold for fiat currencies, or stored for safekeeping and left to appreciate.