Minting

Minting is a process used to create new tokens within a blockchain network. It involves increasing the circulating supply of tokens and is often performed by validator nodes in systems that incorporate such nodes. Cryptocurrencies that rely on minting may have no upper supply limit and instead depend on the continuous growth of the project’s economic system to maintain value. The concept of minting in the crypto space is akin to the creation of fiat money within traditional finance and banking, where the printing of money must be controlled to prevent excessive inflation or devaluation.