What is mining?

in #cryptocurrency6 years ago (edited)

Bukz mining is the process in which transactions are verified and confirmed on the public ledger known as the block chain. This ensures that everyone agrees upon the ledger and who's sent who what. Bukz software has built in privacy features, allowing us to maintain the ledger and still retain our privacy. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards, which incentivize. mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released Bukz.

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Anyone can participate in mining Bukz. You can mine with any computer with an internet connection but ASIC hardware is the most efficient way to mine Bukz.

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