Minting practices

Minting refers to the process of creating new coins or tokens, typically by a government or authorized organization. In traditional currency, it involves striking metal to form coins, which are then used as legal tender. In the context of cryptocurrency, minting often means generating new digital tokens through specific algorithms, like Proof of Stake. This process validates transactions and secures the network. Minting can also refer to the creation of non-fungible tokens (NFTs), where unique digital items are recorded on a blockchain. Overall, minting is essential for introducing new currency units into an economic system.