Miners in a blockchain network are solving a complex mathematical problem, known as a "proof-of-work" (PoW) algorithm, in order to validate transactions and add new blocks to the blockchain.[1][2]
The primary purpose of this computational process is to ensure the security and integrity of the blockchain by making it difficult for any single entity to control or manipulate the network. By solving these complex mathematical puzzles, miners are essentially providing the computational power to verify the legitimacy of transactions and prevent double-spending.
The specific mathematical problem that miners are solving varies depending on the blockchain protocol, but it generally involves finding a number (ca...
