Minting

Minting is the creation or generation of new tokens or coins within a blockchain network. It involves the process of producing fresh units of a cryptocurrency, often governed by predefined rules or protocols within the blockchain's consensus mechanism. Minting typically occurs in Proof of Stake (PoS) or Proof of Work (PoW) systems where new tokens are created as rewards for validators or miners who contribute to network security and validation of transactions. The minting process helps maintain the network's operations, incentivizes participants, and controls the circulation of new tokens in the ecosystem.