The art of mining. We talk not about excavating, mineral exploitation I.e gold, coal etc.
This concept of mining is related to cryptocurrency. The deeper we mine, the more our efforts and labor is being rewarded. Like treasures being discovered.
In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases
transaction fees by creating a complementary incentive to contribute to the processing power of the network.
Given the economic and environmental concerns associated with mining, various "minerless" cryptocurrencies are undergoing active development. Unlike conventional blockchains, some directed acyclic graph cryptocurrencies utilise a pay-it-forward system, whereby each account performs minimally heavy computations on two previous transactions to verify.
A cryptocurrency wallet stores the public and private "keys" or "addresses" which can be used to receive or spend the cryptocurrency. With the private key, it is possible to write in the public ledger, effectively spending the associated cryptocurrency. With the public key, it is possible for others to send currency to the wallet.
