Overminting refers to the excessive creation of coins or tokens beyond what is predetermined in a cryptocurrency’s protocol. This can happen due to bugs in the code, poorly designed smart contracts, or deliberate actions by malicious actors.When overminting occurs, it leads to an increased supply of the asset, potentially diluting its value. This can erode trust among holders and investors, as the scarcity that often underpins value is compromised. The consequences can be severe, including loss of confidence in the project, sharp declines in price, and a fracturing of the community. In some cases, it might trigger emergency measures, such as halting transactions or implementing hard forks to rectify the oversupply.To prevent overminting, robust auditing practices and thorough testing are crucial during development and deployment. Ensuring a secure and efficient network will help maintain trust and stability among users.