You are viewing a single comment's thread from:

RE: Layman understanding of Cryptocurrency

in #bitcoin8 years ago

Currency is the reward that miners get for performing the calculations necessary to verify and then add new transactions to the blockchain; without miners, the blockchain wouldn't work. Think of them as the accountants of the blockchain, if that helps.

Sort:  

Now, what is the blockchain, one might ask - here you go: https://blockgeeks.com/guides/what-is-blockchain-technology/