How does mining work on the Credo Blockchain?

 

  • Individuals do not need to purchase expensive mining equipment to participate in mining on the Credo Blockchain.

 

  • In order to participate in our blockchain network, individuals need to simply download the Credo Blockchain core node software  and start running it. In order to participate in mining, they need to submit a security deposit transaction and, when selected to be the block proposer, they need to propose and submit a block.

 

  • If they are not selected to be a block proposer, they must vote on other block proposals. When it is their turn to submit a block and if the block they submit is successfully included in the blockchain, they will receive all the transaction fees associated with that block.  
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