Crypto mining is the process of verifying and adding transactions to a blockchain, the public ledger that underpins cryptocurrencies like Bitcoin and Ethereum. It involves solving complex mathematical problems using specialized computers. Miners who successfully solve these problems are rewarded with cryptocurrency, a process known as block rewards.
Crypto mining plays a crucial role in maintaining the security and integrity of cryptocurrencies. It ensures that transactions are processed swiftly and securely, and prevents malicious actors from altering the blockchain. Moreover, mining contributes to the decentralization of cryptocurrencies, as anyone with the necessary equipment can participate in the process, rather than relying on a centralized authority.