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Cryptoeconomics basics. Part 2

Cryptocurrency and Bitcoin Mining: Understanding the Role of the Crypto Economy 
 
A Bitcoin network aims to create an unchanging, non-censored, and dependable method for transferring value 
 
Basically, this is achieved through the process of mining, in which miners receive bitcoins because of their successful verification of a block of transactions. A network that is more reliable and secure because there is such an economic incentive in place encourages miners to act in the most ethical manner possible. 
 

 

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