BTC mining summary

BTC mining is a peer-to-peer computer process used to secure bitcoin transactions—payments from one user to another on a decentralized network. Mining involves adding bitcoin transaction data to Bitcoin's global public ledger of past transactions. A group of transactions is named a block. Blocks are secured by Bitcoin miners and build on top of each other forming an executive chain. This ledger of past transactions is called the blockchain. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere