The process of creating cryptocurrency is coal mining mining since there is no central bank or institution
that prints money the way to generate crypto currencies is by providing services.
So at the core of the crypto economy is the service of confirming very fine in securing every single
crypto transaction.
Those who provide the services are coal miners miners are basically the top bookkeepers equipping powerful
computers whose job is to confirm verify and secure cryptocurrency transactions.
So the process of mining consists of completing a very sophisticated in complex cryptographic puzzle.
When puzzles are solved that becomes the proof a work in the cryptocurrency transaction is now created
when the transaction is completed.
The first miner to solve the puzzle gets rewarded in fractions of the cryptocurrency transaction.
He or she has helped create hundreds of thousands of transactions are created everyday.
These promises ensures continuation and proliferation of this crypto economy.
One thing to keep in mind is that every time a miner creates a new transaction the difficulties or the
puzzle increases while the reward they receive completion decreases.
So basically they do more work for less money countless of other services can be provided such as freelance
advertisement etc. where people which are the service providers choose to get rewarded in crypto currencies
and this is also an essential part of the script to economy.