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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 consensus methods that determine which entity adds blocks to the blockchain. See proof-of-stake algorithm, crypto mining and consensus mechanism.