Minting Process

Minting is the process of creating new digital coins or tokens on a blockchain. It's like printing new currency, but digitally. When a coin is minted, it’s recorded on the blockchain to verify its authenticity and ownership. This process often involves solving complex mathematical problems (mining) to add new blocks of transactions, rewarding miners with newly created coins. Minting ensures a controlled supply of digital assets, maintains security, and confirms transactions without needing a central authority. It’s fundamental to blockchain ecosystems, enabling the generation and distribution of digital currencies or tokens systematically and securely.