{"id":3509,"date":"2021-12-23T06:00:48","date_gmt":"2021-12-23T06:00:48","guid":{"rendered":"https:\/\/zebpay.com\/in\/?post_type=glossary&#038;p=3509"},"modified":"2021-12-23T12:55:52","modified_gmt":"2021-12-23T12:55:52","slug":"mining","status":"publish","type":"glossary","link":"https:\/\/zebpay.com\/in\/glossary\/mining","title":{"rendered":"Mining"},"content":{"rendered":"\n<p>For every transaction made on the blockchain, a &#8220;miner&#8221; is responsible for:<\/p>\n\n\n\n<ol><li>Ensuring the authenticity of information.<\/li><li>Updating the blockchain with records of the transaction<\/li><\/ol>\n\n\n\n<p>This involves competing with miners to solve complicated mathematical problems called Proof-of-Work.<\/p>\n\n\n\n<p>The first miner to reach the solution is rewarded by being able to authorize the transaction, and earns a small amount of cryptocurrency in return for the service provided!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For every transaction made on the blockchain, a &#8220;miner&#8221; is responsible for: Ensuring the authenticity of information. Updating the blockchain with records of the transaction This involves competing with miners to solve complicated mathematical problems called Proof-of-Work. The first miner to reach the solution is rewarded by being able to authorize the transaction, and earns [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/glossary\/3509"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=3509"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/glossary\/3509\/revisions"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=3509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}