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Author Topic: BTC Forever?  (Read 99 times)
depth10
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November 09, 2017, 02:06:03 AM
 #1

I've been trying to understand this, can someone help:

'Mining' on the bitcoin network involves discovering new blocks by basically guessing the answer to a complex mathematical algorithm, right? There are 21 million bitcoins to be solved/mined, right?  And once they are mined, there are no more.

But what about the confirming of transactions?  Do miners (slush pool for example) also confirm the transfer of 10BTC from Alice to Bob?  Will mining always exist to confirm these transactions, even after all blocks have been found?

Can someone help explain these two 'tasks'?  Thank you
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