"Mint" in cryptocurrencies: what is it? 🚀

In the Web3 world, the word "mint" (mint) is a key concept. It helps to understand the birth of new cryptocurrencies and coins 💰. Minting is essentially the creation of new digital coins on-chain. It's something like minting money in the real world.

Minting in crypto: how does it work? 🌐

This is the process of creating new digital assets. Without a central bank. Without top-down control. It seems amazing, but anyone can participate! Only certain resources are needed 🔥.

Two main ways of minting:

1. Proof of Work (PoW) ⛏️ — miners solve complex tasks on computers. Solve it — get a reward. It consumes a lot of energy.

2. Proof of Stake (PoS) 🧮 — you lock your coins. You wait. The system may select you to verify transactions. More coins — higher chance.

Pros and Cons of Minting 📊

What is good about PoS:

• Saves energy 🌱
• Available to everyone
• Does not harm nature

What is wrong:

• The rich become stronger ⚠️
• Vulnerability to attacks

Why is minting needed? 🌕

Minting is the heart of the crypto system.

It gives new coins. Supports the market. Motivates participants. Protects the network.

Unlike government money, everything is transparent in the crypto world. No one controls the issuance of coins from a central authority. This makes cryptocurrencies resistant to manipulation 🔐.

By 2025, institutional investors will account for about 15% of market growth. It is not entirely clear how to accurately measure such indicators, but the fact is evident — major players value well-thought-out minting mechanisms. This suggests a maturation of the entire industry.