Digital currency mining is the process of producing new encrypted digital currencies and verifying the validity of the transactions that are completed through the decentralized network known as Blockchain on which these digital currencies operate. Mining is mainly done by solving some complex algorithmic equations using special programs and computers. These equations are converted into encryption codes and stored in blocks to form a series of connected data.
حكم التجارة في العملة الرقمية
Speaking about the ruling on trading in digital currencies in Iraq, we must point out the ruling on this process, which has spread widely in recent years. So that workers in digital currency mining receive rewards and exorbitant sums for their work once the mathematical equations are solved and then saved in the blockchain. Mining is the guaranteed means of securing the decentralized network on which the Blockchain technology operates, which is the basis for the existence of encrypted digital currencies. It is also a means of ensuring the authenticity of all transactions completed on the network and protecting them from exposure to forgery or piracy.
What is the ruling on mining digital currencies?
