mining

What is mining for cryptocurrencies?

Mining is the most crucial and responsible part of any blockchain-based network, in which the consensus algorithm is Proof of Work (PoW).From a mathematical point of view, it is a process responsible for finding a number that satisfies a complicated mathematical equation. Miners are working independent on this solution, they compete with each to be first who solves this equation. The winner receives the newly generated FuturoCoin in the amount of 6.6590563 FTO. The same amount is awarded to masternodes for carrying out their assigned tasks.

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