Cryptocurrency Mining uses cryptocurrency to verify and create new money. Blockchain transactions are verified and secured by decentralized computer networks around the globe.

The distributed ledgers record all cryptocurrency transactions. The distributed ledgers are immutable, so there is no risk of the network or the trades being compromised. Miners receive new coins as a reward for completing this mining process.

The mining of cryptocurrency is essential to the security and circulation of new coins. It authenticates and secures the blockchain unlike banks. This allows cryptocurrencies to function as a peer-topeer, decentralized network, without external supervision. It also encourages miners, who can add more computer power to the blockchain.