Cryptocurrency transactions between users are confirmed through mining, which then adds the information to the blockchain's public record. The addition of new coins to the current circulating supply is another function of the mining activities. One of the essential components for the Bitcoin blockchain to function as a distributed ledger is Cryptocurrency Mining. In a peer-to-peer network, all transactions are recorded without the need for a central authority.
New blockchain transactions are transferred to a pool called a memory pool when they are created. A miner's responsibility is to organise these pending transactions into blocks and confirm their validity. A block can be compared to a page of the blockchain ledger where many transactions are recorded (along with other data).
Read More- https://coherentmarketinsightsus.blogspot.com/2022/11/cryptocurrency-mining-in-blockchain.html
