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Definition: crypto minting


Creating new crypto coins using a proof-of-stake (PoS) consensus algorithm. In contrast, proof-of-work (PoW) cryptos come into existence by being "mined." The mining and minting terms were created from real-world coin making. Gold and silver are "mined" out of the ground and then "minted" into coins for circulation.

In practice, the mining term is used in both cases; however, the distinction was created to differentiate between the two primary ways blocks are added to a blockchain. See proof-of-stake algorithm, crypto mining and consensus mechanism.