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What Is the Concept of Mining Bitcoin?

The process of creating (or mining as it is more colloquiallyreferred to) consists of a ‘distributed consensus system’ that the entire bitcoin network uses, in a bid to ensure the unique confirmation of all the virtual transactions that take place in the bitcoin universe. The core purpose is to make sure that the system works, by effectively ensuring that all the transactions that have been concluded (both recently and otherwise) have also been included in the blockchain itself.
Here the actual ‘mining’ process is directly responsible for this ostensibly rigid enforcement of the real-world chronological order on the basis of which the blockchain operates. The main purpose of the entire operation is to ensure that the comprehensive neutrality of the itcoin edifice is never in danger of being compromised in any way. This is due to the fact that the myriad diverse systems that are connected to the blockchain network have banded together in universal agreement as to how to operate the system.
In this way, once a confirmation has taken place with regard to just about any fully concluded transaction, it t is very important that it be packed up in an already pre-specified block (in the blockchain). Furthermore, it must also adhere to an extraordinarily stringent series of cryptographic rules of ever increasing complexity that are then, eventually verified by the network itself.
These rules may seem odious at best, but they have been created for a purpose, and have been put in place so as to ensure that none of the previous blocks are in any way capable of being modified through any means possible. From the theoretical and practical point of view, should any such modification was possible and took place in any way, then this phenomenon will have a domino effect and thus the blocks following the compromised one will automatically end up being compromised as well. And the offending block would cease to be valid and therefore, will have to be nullified as soon as possible. However, since the blocks in the chain do no operate on a standalone basis, therefore, much the same process will be followed when dealing with all the following blocks as well, thus effectively unravelling the entire chain, once and for all.
This is where the mining operation comes into its own and prevents and ensures that the above case does not happen.
Basically, mining works by creating a type of highly competitive lottery that collectively works to make sure that there really can be no consecutive (and subsequent) additions to the entire blockchain.
In this way, no individual person will ever be able to gain the full control of the chain with regard to what can or cannot be included in the blockchain itself.

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