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submitted 1 year ago by qaz@lemmy.world to c/memes@lemmy.ml
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[-] netchami@sh.itjust.works 0 points 1 year ago

Because that's how the blockchain works. Without validation (which is what Mining does) anyone could just claim they have e.g. 1 million XMR when they have zero. Because you don't have a central authority in crypto currencies, you need some other mechanism which verifies that transactions are legitimate. That mechanism is a whole bunch of complex math, or in other terms, Mining (in the context of crypto currency). Glad you like XMR though.

this post was submitted on 20 Aug 2023
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