{"id":"minting","version":1,"language":"en","title":"Minting ","hidden":false,"content":"Minting is the process of generating new coins by authenticating data, creating new blocks, and recording the information onto the [blockchain](https://iq.wiki/wiki/blockchain) through a [“proof of stake”](https://iq.wiki/wiki/proof-of-stake) protocol. Both new units of [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and [Non-Fungible Tokens](https://iq.wiki/wiki/non-fungible-token-nft) (NFTs) can be minted this way. [\\[1\\]](#cite-id-9dyuco3o6g)  \n  \nCryptocurrency mining is the validation of transactions on a blockchain. For this effort, successful miners obtain new crypto as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the network's processing power. [\\[2\\]](#cite-id-8syypt8nh23)  \n  \nIn [cryptocurrency](https://iq.wiki/wiki/cryptocurrency), minting is a decentralized method that enables a person to generate a new token without the involvement of a central authority, such as the government or the bank. Either an NFT or a crypto coin. [\\[2\\]](#cite-id-8syypt8nh23)  \n  \nCryptocurrency mining is done by solving complex mathematical problems using computer processors. The process involves pooling resources by miners who share their processing power over a network to split the reward equally according to the amount of work they contributed to the probability of finding a block. [\\[1\\]](#cite-id-9dyuco3o6g)[\\[2\\]](#cite-id-8syypt8nh23)  \n  \n# Crypto Minting vs NFT Minting  \n  \n**Minting crypto** is the process of generating new coins by authenticating data, creating new blocks, and recording the information onto the blockchain through a “proof of stake” protocol.  \n  \n**Minting NFTs** involves creating a unique digital asset and uploading it to a [blockchain](https://iq.wiki/wiki/blockchain).  \n  \nThe main difference between minting cryptocurrency and NFTs is that cryptocurrency minting is done to create new coins while NFT minting is done to create unique digital assets. [\\[3\\]](#cite-id-zmrty5nmop)","summary":"Minting is a decentralized process in cryptocurrency systems that creates new tokens or coins by validating data and recording it onto a blockchain using proof-of-stake protocols.","categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"promoted":0,"tags":[{"id":"Glossary"},{"id":"Blockchains"}],"metadata":[{"id":"references","value":"[{\"id\":\"9dyuco3o6g\",\"url\":\"https://cryptoexchangereviews.com/guides/a-complete-guide-to-mining-pools/\",\"description\":\"cryptoexchangereviews - mining\",\"timestamp\":1684228850128},{\"id\":\"8syypt8nh23\",\"url\":\"https://www.howtogeek.com/771391/what-is-crypto-mining-and-how-does-it-work/\",\"description\":\"howtogeek - mining\",\"timestamp\":1684228864200},{\"id\":\"zmrty5nmop\",\"url\":\"https://blog.nfinity.io/the-difference-between-minting-buying-an-nft/\",\"description\":\"differences\",\"timestamp\":1684230325223}]"}],"user":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"author":{"id":""},"media":[],"views":0,"events":[],"images":[{"id":"QmbWNF64pG215A3NWfYysYEpuZDcwKTF67xMwth3ve19wz","type":"image/jpeg, image/png"}]}