Extreme currency is an encrypted currency. Blockchain technology and workload proof algorithm are adopted to ensure the credibility of transactions and the security of the network. In the process of mining extremely special coins, miners verify new transactions by solving complex mathematical problems and add them to the blockchain. The following steps are how to confirm after digging extremely special coins:
Confirm the transaction on the blockchain: miners need to connect to the blockchain with extremely special currency through the network to confirm the pending transaction. These transaction information include transfer address, transfer amount, etc.
Calculate hash value: After confirming the transaction information, miners need to use SHA256 algorithm to calculate the data on the blockchain and generate a hash value. Miners will keep trying different random numbers until they calculate a hash value that meets certain conditions.
Add a new block: When the miner successfully calculates a qualified hash value, the miner can add a new block to the blockchain. This process needs confirmation and verification from other nodes. If there is no problem with the new block, you can add it to the blockchain.
Update Account Book: After a new block is added to the blockchain, the account books of all participating nodes will be updated, including the holders of all special currencies. This means that all transactions are public and can be viewed by anyone.
Confirm the transaction: When the transaction is added to the blockchain, the people involved in the transaction can confirm that the transaction has been completed. This process usually takes some time to wait for confirmation, because it requires confirmation and verification of multiple nodes to ensure the authenticity and integrity of the transaction.
Generally speaking, the process of mining extremely special coins needs to be confirmed and verified many times to ensure the credibility of the transaction and the security of the network. This process requires the participation and confirmation of miners and other nodes, and at the same time requires the use of highly complex mathematical algorithms and encryption technologies to ensure security.