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Miners compete to generate a random number to unlock the next block on the chain.

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If a validator commits an error, it has to pay a fee or can be excluded from the validation.Benedict George is a freelance writer for CoinDesk.

He has worked as a reporter on European oil markets since 2019 at Argus Media and his work has appeared in BreakerMag, MoneyWeek and The Sunday Times.

earn dividends by recommending products ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!Benedict holds a bachelor’s degree in Philosophy, Politics and Economics from the University of Oxford and a master’s in Financial Journalism from City, University of London.

He does not hold any cryptocurrency.earn dividends by recommending products ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!