QUESTION 26 OF 26

What is Mining, and how is it used in a blockchain?

This question may look familiar to another question you answered earlier in the interview. Some interviewers will often ask similar questions about the same topic multiple times to correlate your answers. By answering accurately and truthfully each time, you will not have to worry about this trick that some untrained interviewers will use to try to trip you up.

"Within a blockchain environment, Mining is the activity of adding additional blocks to the chain. This is accomplished by verifying transactions using one of the correlation algorithms common to blockchains. Mining requires a large amount of computing power and electricity. Individual users known as Miners perform this function and are rewarded for their efforts. Mining is typically related to blockchain currencies such as Bitcoin."

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Blockchain Mock Interview

What is Mining, and how is it used in a blockchain?

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26 Blockchain Interview Questions & Answers