One of the varieties of making money from cryptocurrencies is mining - mining cryptocurrencies. Many people have heard that cryptocurrency comes into existence, thanks to some complex calculations, which are carried out on equally complex equipment that eats a lot of electricity.

In this article, we will talk about exactly what the devices calculate, and how the cryptocurrency network works from the inside out.

The structure of a cryptocurrency network

In order to understand what mining is, you need to understand how a cryptocurrency network is structured from the inside out.

A decentralized system of secure transfers, without a regulator or any external service infrastructure, regulates itself completely.

That is, a set of algorithms ensures that the system is not hacked and its functioning is not interrupted due to any failures. In addition, algorithms control the security of transactions, as well as the issuance of additional cryptocurrencies.

The cryptocurrency network is based on the Blockchain technology and is based on the duplication of blocks of information, with each block having its own hash sum, that is, a unique identifier.

This identifier signs the information that is contained in the block, and if someone tries to make changes to that block, the system will not accept them because the identifiers will not match.

When a transaction occurs, a new block appears, which continues the chain - the history of the further movement of the coin, and each new block is a confirmation of the validity (i.e. "legitimacy") of the previous one.

You know all this stuff for sure and you will not be surprised by anything, but I want to remind you that you need to have good software like raptoreum mining to succeed in this business