Minted refers to the process of creating new coins or tokens in a blockchain ecosystem. This usually happens when a transaction is validated and confirmed through a consensus mechanism. In proof-of-work systems, such as Bitcoin, minting involves miners solving complex mathematical problems. When a miner successfully completes a problem, they create new coins as a reward for their effort.In proof-of-stake systems, users can mint new coins by holding and staking existing ones. Their participation helps maintain the network’s security and functionality, and they earn newly minted coins in return.Minting can also apply to non-fungible tokens (NFTs), where unique digital assets are created and recorded on the blockchain. Artists and creators can mint NFTs that represent ownership of their digital works.Overall, minted captures the creation and issuance of new coins or tokens, playing a crucial role in the operation and growth of blockchain projects.
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