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  1. Categories >> Software >> Cryptography >> Blockchain
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Explain why a blockchain needs tokens to operate?

Question Posted / Ranveer Singh Azad

Answer Posted / Ranveer Singh Azad

Tokens, often referred to as cryptocurrencies, serve as an incentive for miners to validate and add transactions to the blockchain. This is known as proof-of-work or proof-of-stake consensus mechanism. Miners compete to solve mathematical puzzles and the one who solves it first gets rewarded with tokens.

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