Every transaction made on the Bitcoin network, is checked for its validity through
the contribution of random computers from all over the world – a process that requires an enormous total of computational power – and then placed inside a block with other transactions that have been audited. Approximately every ten minutes, a new block is created to host these transactions, which is related to the previous one and also all the other blocks that were created before that, thus forming the Blockchain.
A mathematical algorithm is used to associate the new block with the previous ones and once the algorithm solution is found, the new block will be created and with it a certain number of new Bitcoins will be created, which will be attributed to those who have found the solution. This process is called Mining.
