Need details on automatic mining by multichain

Question

You have mentioned that mining happens automatically by the nodes with mining permission in multichain. But, can you tell us what steps are performed as part of mining? like what is the mathematical equation that gets solved Or what is the mining problem the node solves?

The multichain white paper does not talk about this. I am fairly new to blockchain, so apologize in case if its very basic question.

Answer 1

In a private blockchain, mining is nominally bitcoin-style proof-of-work, but with a very low difficulty, easily solved in a split second on a regular CPU. The mining security is provided by constraints preventing one or a small group of miners from seizing control of the network consensus, i.e. miners have to wait their turn. This is explained on page 7 of the white paper under the title "Mining in MultiChain".