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The term" Bitcoins" is derived from the term "blockchain". Basically, the process of Bitcoin mining refers to the procedure of securely adding transaction histories into the public distributed ledger, which is basically a globally readable, continuously refreshed ledger that maintains the track of every transaction that has taken place in the previous seven years. The ledger is made available to anyone who needs to have access to it by running a special piece of software. This software, called a "bitcoins miner", constantly solves co... more