Definition ∞ A Mining Protocol defines the set of rules and procedures that govern how new blocks are created and added to a blockchain through a process known as mining. This protocol specifies the cryptographic puzzles to be solved, the rewards for successful miners, and the conditions for block validation. It forms the core of Proof of Work consensus mechanisms.
Context ∞ News regarding mining protocols often centers on discussions about network security, energy consumption, and the decentralization of blockchain operations. Changes or updates to a mining protocol, such as a halving event, can significantly impact miner incentives and network economics. Regulatory scrutiny over the environmental impact of certain mining protocols remains a prominent topic.
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