Minting

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Minting

What is Minting?

The act of “minting” entails verifying data, producing a new block, and adding it to the blockchain. Therefore, Proof-of-Stake is the minting procedure used to construct blocks and add data to them.

Coins are created by staking rather than mining under the Proof-of-Stake process. Instead of having miners, validators, or the ability to mine new blocks, Proof-of-Stake allows users to mint or forge new blocks. This is essentially a difference between Proof-of-Work and Proof-of-Stake, and it’s the main distinction between cryptocurrency mining and minting.

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