Minting refers to the process of creating new cryptocurrency tokens or coins. This typically occurs through blockchain technology, where transactions are validated and added to the blockchain ledger.In proof-of-stake and similar systems, minting can occur when new blocks are created, and validators receive rewards in the form of newly minted coins for their contributions to maintaining the network. This incentivizes users to hold and stake their coins, supporting network security and functionality.In non-fungible tokens (NFTs), minting involves converting digital art or other assets into unique tokens on a blockchain, making them easily transferable and verifiable. This process adds value and ownership rights to the original digital item.Overall, minting plays a crucial role in expanding the supply of cryptocurrencies and assets, allowing for new participants and creators to enter the space while ensuring the underlying blockchain remains secure and functional.
PostFinance Introduces Crypto Staking, Expanding Digital Asset Offerings
Swiss state-owned bank PostFinance has added cryptocurrency staking to its digital asset services, becoming the first systemically important bank to