3 ms·
It isn't just work for work's sake. The work done is actually protecting the blocks, the transaction record. It is difficult and the difficulty increases with
by ChrisClark 14y ago
It isn't just work for work's sake. The work done is actually protecting the blocks, the transaction record. It is difficult and the difficulty increases with computing power to make sure that no one could effectively forge past transactions. The mining difficulty is the mechanism that makes Bitcoin transactions secure and trustworthy.
- brianbreslin 14y agoI think part of the labor should go into something useful to society though.