Token Minting: What is it and how does it work?

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Making new tokens on a blockchain network is referred to as token minting. Tokens are digital assets that can stand in for many different sorts of value, including cryptocurrencies, utility tokens, or even virtual versions of physical assets.

A blockchain protocol or smart contract platform that facilitates token generation and administration hosts the minting procedure in most cases. Token minting is explained in general terms as follows:

1. Setup of a blockchain network or a smart contract platform, such as Ethereum, is…

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By akohad

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