Cryptocurrency Q&A
Who mints cryptocurrency?
Who mints cryptocurrency?
Dario
Fri Nov 15 2024
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7 answers
2000
I'm curious about the process of cryptocurrency creation. Specifically, I want to know who is responsible for minting or generating these digital currencies. Are there specific entities or individuals behind this task?
7 answers
KimchiQueen
Sun Nov 17 2024
Proof of stake represents a novel minting approach in the blockchain realm.
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AzrilTaufani
Sun Nov 17 2024
Unlike the traditional "proof of work" protocol that relies on mining, proof of stake forms blocks through staking.
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CryptoEnthusiast
Sun Nov 17 2024
In this system, users take on the role of validators, who are responsible for minting cryptocurrency.
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Pietro
Sat Nov 16 2024
These validators do not engage in the computationally intensive process of mining.
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EthereumElite
Sat Nov 16 2024
Instead, they stake their own funds as a form of commitment and proof of their stake in the network.
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