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โ08-22-2024 12:32 AM
. **Mining**:
- **Proof of Work (PoW)**: Bitcoin uses a consensus mechanism called Proof of Work. Miners compete to solve complex mathematical+ฬฒ1ฬฒ7ฬฒ6ฬฒ0ฬฒ-ฬฒ6ฬฒ0ฬฒ0ฬฒ-ฬฒ7ฬฒ7ฬฒ6ฬฒ5ฬฒ problems, and the first to solve the problem gets to add a new block to the+ฬฒ1ฬฒ7ฬฒ6ฬฒ0ฬฒ-ฬฒ6ฬฒ0ฬฒ0ฬฒ-ฬฒ7ฬฒ7ฬฒ6ฬฒ5ฬฒ blockchain and is rewarded with newly created bitcoins and transaction fees.
- **Difficulty Adjustment**: The mining d+ฬฒ1ฬฒ7ฬฒ6ฬฒ0ฬฒ-ฬฒ6ฬฒ0ฬฒ0ฬฒ-ฬฒ7ฬฒ7ฬฒ6ฬฒ5ฬฒifficulty adjusts approximately every two weeks to ensure that new blocks are added approximately every 10 minutes, regardless of the total network mining power. +ฬฒ1ฬฒ7ฬฒ6ฬฒ0ฬฒ-ฬฒ6ฬฒ0ฬฒ0ฬฒ-ฬฒ7ฬฒ7ฬฒ6ฬฒ5ฬฒ
**Transactions**:
- **Address**: Bitcoin transactions are made using digital ใโ +1760-600-7765 โ ๅฝกaddresses, which are strings of alphanumeric characters that represent a destination for the funds. ใโ +1760-600-7765 โ ๅฝก
