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CryptoPioneer CryptoPioneer Tue Jul 16 2024 | 7 answers 1313

Can a block explorer create a new bitcoin?

Could you please elaborate on whether a block explorer, a tool used to search and view blockchain data, has the capability to generate a new Bitcoin? It seems intuitive to assume that such a platform would be solely for browsing transactions and blocks, not participating in the mining process that produces new coins. However, with the complexities of blockchain technology, I'm curious if there's a technicality that allows a block explorer to play a role in Bitcoin creation. Could you clarify this point for me? Additionally, if a block explorer cannot create new Bitcoins, could you explain the fundamental difference between a block explorer and a mining node in terms of their roles in the Bitcoin network?

Can a block explorer create a new bitcoin?

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