SpaceBoysNFTs Phase 1 Technical Paper
  • Introduction
    • Start here
      • How to use Metamask Guide
      • A Beginner’s Guide to OpenSea
    • What is a SpaceBoysNFT?
      • What is an NFT?
        • How do NFTs work?
        • Example of NFTs
    • Origins
    • Project Goals
    • Meet the Community TEAM!
  • SpaceMap
    • SpaceMap
    • A. MoonRocks & (Unknown Items)
    • B. NFTX
      • SpaceX: More Info
    • C. SpaceCity (NFT Worlds)
    • D. Community Events / Community Projects
    • E. StarBase by Spaceboys
    • F. Gaming Partnerships
    • G. Charity
    • H. Metaverse(s)
    • !!!WORMHOLE!!!
    • I. Return to Base/Home [End of Phase 1]
    • PHASE 2
  • Other Important Info
    • SpaceAliensNFT
    • Collection Data
    • Royalties and Income Flow
    • SpaceBoysHQ
    • Glossary
      • Airdrop
      • Blockchain
      • Blue chip
      • Bot
      • Burn / Burning
      • Decentralized Apps (dApps)
      • Decentralized Autonomous Organization (DAO)
      • DEX
      • Decentralized Finance (De-Fi)
      • Derivative
      • Dutch Auction
      • Fractional Ownership
      • GAS
      • Governance Tokens
      • Gwei
      • Hashrate
      • InterPlanetary Filing System
      • KYC
      • Layer 2
      • Liquidity Pool
      • Metadata
      • Minting
      • Multi-Sig
      • Non-custodial wallet
      • Oracle
      • Peer to Peer (p2p)
      • Proof of Stake (PoS
      • Proof of Work (PoW)
      • Royalties
      • Satoshi
      • Smart Contracts
      • Snapshot
      • Staking
      • WEB 3.0
      • Whitelist
      • Whitepaper
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  1. Other Important Info
  2. Glossary

Minting

The competitive process of solving cryptographic problems to verify and add new transactions to the blockchain for a cryptocurrency that uses the proof-of-work (PoW) method. The first one to solve it gets to add the current block on the blockchain and receive newly minted tokens as a reward.

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Last updated 3 years ago