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How Bitcoin Works: Mining and Consensus

ID: 8496aba1-1ffd-56e0-9e0a-294242c049d1

STIX ID: report--8496aba1-1ffd-56e0-9e0a-294242c049d1

Feed Name: CertiK Blog

Date Published: 2019-09-10

Date Updated: 2026-06-11

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This beginner-friendly article explains how blockchain and Bitcoin mining achieve decentralized consensus: it describes the role and incentives of miners, the proof-of-work cost as a means of voting with electricity, block publishing and transaction inclusion, and how these mechanisms prevent double-spend attacks; it is conceptual and educational rather than a report of any cyber incident.

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