You probably heard about minting before but how is this different than mining?
The question of crypto minting vs. mining and how they intersect comes down to the fact that minting is part of mining. Once a coin is hashed, this triggers the minting process. Did you get that part? Both mining and minting involves coin creation and both also generates tokens but the means differ.
Another way we could differentiate between the two is this:
Mining in crypto is an activity that involves recording and confirming the legitimacy of transactions on the blockchain, a digital public ledger. To perform the verification process and receive cryptocurrency as a reward, the crypto miner needs to solve highly complex cryptographic mathematical problems.
While crypto minting uses a Proof of Work (PoW) protocol, as outlined above, crypto minting uses a Proof of Stake (PoS) protocol. This is a process known as staking whereby new blocks are created through the authentication of information, which is then recorded on the blockchain.
- Ltaniya Seed
On another simpler and shorter term,
Mining is - recording and verifying transactions while Minting is validating information, creating a new block, and recording that information into the blockchain.
