Mining

Wassim Zuhair Alsindi and Laura Lotti

Internet Policy Review: Journal on Internet Regulation, 2021, vol. 10, issue 2, 1-9

Abstract: In the context of blockchain networks, mining describes a permissionless process intended to ensure the global consistency of a decentralised ledger. Mining requires the consumption of a costly computational resource to participate in a probabilistic competition that confers specific privileges to a node. These privileges typically relate to the proposal of a new block, including the identity and order of transactions contained within. Mining is incentivised via an algorithmically regulated provision of rewards, usually in the form of newly generated coins and/or transaction fees.

Keywords: Blockchain (search for similar items in EconPapers)
Date: 2021
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/235955/1/1764251644.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:iprjir:235955

DOI: 10.14763/2021.2.1551

Access Statistics for this article

More articles in Internet Policy Review: Journal on Internet Regulation from Alexander von Humboldt Institute for Internet and Society (HIIG), Berlin
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().