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I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002
Location: CELICAland
Posts: 25,695
Thanked 10,397 Times in 3,920 Posts
Failed 1,390 Times in 625 Posts
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mining is just verifying transactions basically, and acting as security software.
so its just accounting software distributed across miners
visa, mastercard, paypal, your bank, etc their systems do the same, but its done in house with their own servers instead of across individual users
that's my understanding anyway correct me if im wrong
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