With so many blockchain currencies, what is the significance of mining?

The significance of Bitcoin mining - distributing initial Bitcoins

Bitcoin opponents accuse mining of wasting a lot of resources on meaningless coin tossing, while supporters give examples Gold mining also wastes a lot of resources doing meaningless digging. For the Bitcoin system, the greatest significance of this kind of mining that consumes a lot of resources is: fairly distributing the 21 million initial Bitcoins, just like consuming resources to mine gold, consuming resources to mine Bitcoins is the only fair way to distribute the initial Bitcoins currency way.

Bitcoin is a digital currency based on blockchain technology (ChainNova). The simple understanding of blockchain technology is an electronic currency ledger system implemented through point-to-point, which can be used through the network. It records every Bitcoin transaction record and is decentralized. No one can change it without authorization, so it has very stable security for its holders.

But the fairness of all these ways of distributing initial coins is far weaker than the model of burning money to obtain initial Bitcoins, and fairness is the core issue of a monetary system, so Bitcoin mining Although it consumes a lot of resources, it is as reasonable an economic behavior as consuming resources to mine gold.