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Sure, but a transaction cannot be verified without first being part of a mined block. So paying the cost of mining is a prerequisite for verification. You can
by zepto 6y ago
Sure, but a transaction cannot be verified without first being part of a mined block.
So paying the cost of mining is a prerequisite for verification.
You can definitely separate out the costs, but it’s misleading to imply that mining isn’t a requirement and that you also have to pay that cost first.
And a statement like this…
> The mining is not needed at all for verifying transactions, it is used to secure the network and to create new block of transactions.
…isn’t correct - mining is needed for verification. You cannot have verification of new transactions without mining.