PARAGRAPHWith the cryptocurrency craze in full swing, you can't avoid hearing about the people mining these digital currenciesand destabilizing the their hands oneven stealing them.
Bitcoin architecture was structured ingeniously such that every 10 minutes, a block is discovered, and a fixed bitcoin award is offered for every block that is mined. This is because records in the blockchain network are secured using timestamps and cryptographic hash functions in such a way that after being added to the ledger, it is almost impossible and impractical to alter the transactions. They cost anywhere from several hundred to tens of thousands of dollars. Because they are entirely digital records, there is a risk of copying, counterfeiting, or double-spending the same coin more than once.
