Computer Science · Blockchain and Cryptocurrency
The term 'mining' in Blockchain-based cryptocurrencies refers to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Process of converting data of indefinite length to a fixed length hash value.
- 2Process of validating and authenticating transactions to add them to the ledger.✓
- 3Process of reversing or undoing an erroneous transaction.
- 4Process of maintaining a local backup copy of transaction logs.
Correct answer
Process of validating and authenticating transactions to add them to the ledger.
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