Ever wondered how new cryptocurrencies get created? It's all thanks to minting! ⛏️
MINTED
The process by which new coins are created.
EXPLAIN LIKE I'M 5-YEARS-OLD (ELI5) definition
- Minted is when new coins or money are made. It's like when a factory makes new pencils for you to use at school.
COMPREHENSIVE definition
- The process of producing new units of a specific cryptocurrency and adding them to the blockchain. Miners compete to solve a challenging mathematical task or riddle linked to a new block of transactions.
For more crypto related terms visit our Cryptionary at:
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