Is minting some kind of gain?

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Celo - Official

Simon

Is minting some kind of gain?

#celo #cryptocurrency #english

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18.10.2021

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Simon Автор вопроса

Skyler | Celo | I will never PM you first
under the Proof-of-Stake mechanism, coins are not ...

Sounds really really, crazy. Is it hard to mint by my self?

0

18.10.2021

Skyler | Celo | I will never PM you first

Simon
Sounds really really, crazy. Is it hard to mint by...

You can only mint when a validator proposed a block and they will get it at the end of epoch or by selling CELO to the Reserve by interacting with Exchange.sol contract. I would suggest that you get it through a exchange.

0

18.10.2021

Skyler | Celo | I will never PM you first · Accepted Answer

under the Proof-of-Stake mechanism, coins are not minted through mining, but rather through staking. Proof-of-Stake does not have miners, it has validators, and it does not let people mine new blocks, but instead lets people mint or forge new blocks. Minting is the process of validating information, creating a new block, and recording that information into the blockchain. Thus, Proof-of-Stake is the minting process for how blocks are created and how data is added to a block.

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Is minting some kind of gain?

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