IT 10-Second Lesson | Why Is Bitcoin Called “Mining”? | Funifytools

 


Bitcoin, created by Satoshi Nakamoto in 2009, runs without banks or central control through a decentralized network of computers.

Its supply is limited to 21 million coins, making it increasingly harder to earn — similar to digging for gold.

The term “mining” comes from this analogy: miners use computers to find a lucky Nonce that produces a valid hash.

Mining isn’t solving equations but repeatedly guessing numbers, a process that also verifies transactions.

Thus, miners both earn new Bitcoins and secure the network, making Bitcoin self-sustaining and trustless.


You can view the original blog post in Korean and English at the links below:

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Location: 대한민국 서울특별시

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