Ever wondered how new cryptocurrencies get created? It's all thanks to minting! ⛏️

@bitskwelaph · 2024-09-18 02:03 · bitskwela

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: http://bitskwela.com/cryptionary

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#bitskwela #blockchain #crypto
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