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Proof Mining

Definition

Proof Mining refers to the process of validating and adding new transactions to a blockchain using a proof-of-work consensus mechanism. Miners expend computational power to solve complex cryptographic puzzles, and the first to find a solution earns the right to append a new block and receive a reward. This process secures the network and verifies the integrity of transactions. Proof mining is a fundamental component of many early blockchain protocols, including Bitcoin.