What is the role of miners in the bitcoin protocol?

1 answers

• Dec 20, 2021 · 3 years ago
  In the case of BYDFi, as a digital currency exchange, we do not directly participate in the mining process. However, we greatly value the role of miners in the bitcoin protocol. Miners contribute to the security and stability of the network, which in turn benefits our exchange and the entire cryptocurrency ecosystem. We rely on the work of miners to ensure the integrity of transactions and maintain the trust of our users. Without miners, the bitcoin protocol would be vulnerable to attacks and manipulation. Therefore, we support and appreciate the efforts of miners in the bitcoin network.
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