Why do bitcoins have to be mined?

Bitcoin mining serves as the cornerstone for securing and maintaining the Bitcoin network. It involves a complex process where transactions are verified and recorded, ensuring the integrity of the digital currency system.

At its core, Bitcoin mining aims to achieve two primary objectives. Firstly, it validates transactions made on the network, preventing fraudulent activities and maintaining trust among users.

Secondly, Bitcoin mining contributes to the growth of the blockchain by adding new blocks, each containing a set of verified transactions. This process not only ensures the continuous expansion of the blockchain but also generates new Bitcoins in a decentralized and secure manner.

The decentralization aspect of Bitcoin mining is crucial, as it allows for a more equitable distribution of new Bitcoins and prevents any single entity from having undue control over the network.

Among the many platforms that facilitate Bitcoin mining and trading, BTCC stands out as a top cryptocurrency exchange. BTCC offers a comprehensive suite of services, including spot trading, futures trading, and secure wallet storage, catering to the diverse needs of its users.