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Merge pull request bitcoin#482 from ImranLorgat/patch-39
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Glossary - Bitcoin Mining
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aantonop committed Sep 21, 2020
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Expand Up @@ -72,9 +72,10 @@ bitcoin, Bitcoin::
Depending on context, could refer to the name of the currency unit (the coin), the network or the underlying enabling protocol. Written as bitcoin with a lowercase "b" usually refers to the currency unit. Bitcoin with an uppercase "B" usually refers to the protocol. See https://www.bitcoin.org for general information. The source code can be found at https://github.com/bitcoin/bitcoin.

Bitcoin mining::
Bitcoin mining serves two purposes.
Firstly, Bitcoin transactions are validated and fixed in the sense that they cannot be double-spent.
Secondly, new bitcoin are being created within the coinbase of each block.
Bitcoin mining is the process of constructing a block from recent Bitcoin transactions and then solving a computational problem required as Proof of Work.
It is the process by which the shared bitcoin ledger (i.e. the bitcoin blockchain) is updated and by which new transactions are included in the ledger.
It is also the process by which new bitcoins are issued.
Every time a new block is created, the mining node will receive new bitcoins created within the coinbase transaction of that block.

block::
A grouping of transactions, marked with a timestamp, and a fingerprint of the previous block. The block header is hashed to produce a proof of work, thereby validating the transactions. Valid blocks are added to the main blockchain by network consensus.
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