How does Cryptocurrency mining work?

 Step 1: The first step of mining a block is to hash each transaction taken from the memory pool individually.

Step 2: The outputs are then sorted into pairs and hashed again and the process is repeated until “top of the tree” is reached.

Step 3: After every transaction is hashed, the hashes are then organized into something called a Merkle Tree or a hash tree, which is formed by organizing the various transaction hashes into pairs and then hashing them. 

Step 4: The mining method allows miners to keep hazing the block header over and over again, iterating through the nonce until one finally produces a correct block hash in the network miner. 

Step 5: Upon finding a correct hash, the founder node will transmit the block to the network. 

Step 6:All other nodes can search for validity of the hash and if so, add the block to their blockchain copy and move on to mining the next block.

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