What Is Minting?

In the realm of cryptocurrency, minting represents a decentralized process allowing individuals to generate new tokens without the intervention of centralized authorities like governments or banks. This process can yield either non-fungible tokens or crypto coins.

Two Methods of Minting

Cryptocurrency minting can occur through two distinct methods, differing mainly in their procedures while achieving the common goal of creating new coins. One method involves mining, known as the proof-of-work approach, while the other entails staking, known as the proof-of-stake mechanism.

Proof-of-Work: Mining

Proof-of-work entails the mining of coins, which involves validating and storing transactions on a blockchain, a digital public ledger. Miners employ high-powered processors to solve complex mathematical problems, earning cryptocurrency as rewards for their efforts.

Proof-of-Stake: Staking

Proof-of-stake, generally regarded as a more favorable minting method, relies on staking existing cryptocurrency holdings. Users stake a significant amount of cryptocurrency to validate transactions and are chosen randomly to perform this task. The higher the stake, the greater the likelihood of selection.

Stakeholders cannot access the staked amount during the process and risk losing it if they violate rules or provide inaccurate data. Despite the associated risks, stakeholders are motivated by the potential for profit.

Comparison: Mining vs. Staking

Both proof-of-work and proof-of-stake methods result in the creation of new coins, although the term "minting" is commonly associated with staking to differentiate between the two methods. Both minting and mining involve adding new blocks to an existing blockchain.

Minting Non-Fungible Tokens

While mining and staking are used for minting cryptocurrency, minting non-fungible tokens (NFTs) follows a distinct process. NFTs are added to the Ethereum blockchain and serve as digital assets for creators to sell their media files or digital artworks.

To mint an NFT, users require an Ethereum cryptocurrency wallet, which they link to an NFT marketplace like OpenSea. They upload their desired file, pay the creation fee in ETH, and upon verification, a new NFT is minted.

Minting encompasses various methods for creating different types of tokens, with the prevalent usage referring to the creation of new cryptocurrency coins through the proof-of-stake mechanism.

What Is Moloch DAO?

Moloch DAO can refer to the DAO framework, a description of a DAO that uses the framework, or the name of the Ethereum grant-giving DAO that originally created the framework.

Moloch DAO Framework

In contrast to other early DAO frameworks, the Moloch DAO architecture is relatively simple, comprising a single smart contract per DAO, focusing on security, usability, and extensibility.
Its primary features are:

-> Permissioned membership - new members are voted in by existing members

-> Weighted voting - members can have varying governance weights (in contrast to multisigs, where every member has a single vote)
Non-transferrable governance power - voting and economic rights are not liquid

-> Ragequit - members can exit some or all of their membership shares in return for a proportional amount of the assets in the DAO’s treasury

Moloch DAOs take actions in the form of proposals. Once submitted, a proposal must be sponsored by a member of the DAO. Once sponsored, the voting period begins, during which members vote on the proposal according to their shares. A proposal is passed if it receives more share votes in favor than in opposition; there is no quorum requirement.

If the proposal passes, it must go through a grace period before it can be executed. During this period, members who did not vote in favor of the proposal may Ragequit. This offers strong protection for minority members even without a quorum requirement.

Proposals can grant shares to new members (or additional shares to existing members), transfer assets from the DAO treasury to recipients. While proposals cannot interact directly with other smart contracts, Moloch DAOs can do so with the help of special helper smart contracts called Moloch Minions.

-> Stemming from these core features, Moloch DAOs have a number of important properties:

-> Strong minority member protection

-> Security

-> Highly decentralized and distributed power

-> Support for efficient coordination

GRACEGLORY:
You holding ALTs bags, and they are not pumping, be easy on yourself. Don’t dump, hold tight. BTC dominance must need swell for the big boys until they begin take some profits , that’s when they start to buy ALTs with such proceeds, and then, ALTs shall begin to moon.
And that’s called ALTs season

that’s when they start to buy ALTs with such proceeds, and then, ALTs shall begin to moon.

Bitcoin Dominance, here we go…. Dipping
Ethereum Dominance, rising

Good Day Experts in the House, is there any tested and trusted virtual card providers that accept cryptocurrency. Thanks in advance.

GRACEGLORY and my fellow Nairalander

Grass Airdrop if you are yet to join

Create account

➭ Go to: https://app.getgrass.io/register/?referralCode=PtKneSoMjG6ZJvI
➭ Enter your email
➭ Enter your nickname
➭ Set password
➭ Create account

Next step: Download the wallet

➭ Go to: https://getgrass.io
➭ Click Download Grass
➭ Install the extension.

To maximize your token earnings, follow these steps:

➭ Go to https://app.getgrass.io/dashboard.
➭ Click on "Connect."
➭Click the "Refresh" button
➭ Connect to more networks


You will see your daily earnings when there is a connection. It may be something or not.

SUPERPACK:
Be calming down, bro. Tune down on the emotional outburst. We all deserve an opinion, it is called freedom of speech. You being against him or him being against you won't change the trajectory of our economy.

Lets accommodate each other, pls.

Freedom of speech and choice led to some idiots electing demons and rif raffs who in turn suffocates thousands of people to their untimely death so anyone defending this fuckery deserves whatever he or she is getting.

So Nigeria don successfully block all these crypto exchange I can't even access any single crypto exchange on my phone, on my Chrome browser unless I use VPN and my serious fear is login in with VPN
So how do you people access crypto exchange currently?

FuckingNaira:
So Nigeria don successfully block all these crypto exchange I can't even access any single crypto exchange on my phone, on my Chrome browser unless I use VPN and my serious fear is login in with VPN
So how do you people access crypto exchange currently?

Omo we have moved on to other things,, most of us are now into affiliate marketing and freelance jobs

FuckingNaira:
So Nigeria don successfully block all these crypto exchange I can't even access any single crypto exchange on my phone, on my Chrome browser unless I use VPN and my serious fear is login in with VPN
So how do you people access crypto exchange currently?

Use remitano.me . Federal government only block remitano.com . They are not aware of the other link

FuckingNaira:

Ok, maybe i will try with other network apart from MTN

I use MTN.

Chijohn42k:

Good Day Experts in the House, is there any tested and trusted virtual card providers that accept cryptocurrency. Thanks in advance.

GRACEGLORY and my fellow Nairalander

You can try guarda, but uses visa, master card. Perhaps they give room for virtual now.

https://guarda.com/buy-bitcoin/nigeria/

Chijohn42k:

Good Day Experts in the House, is there any tested and trusted virtual card providers that accept cryptocurrency. Thanks in advance.

See the image below.

The first two. I think it's even 3 of them, but I have only used the first two and funded them with USDT.

For Cardify, I only used it twice last year to make an urgent payment and haven't used it since then. It can be funded with Naira or USDT via TRC20 network.

Modified:

Let me check if they have referral so that I fit benefit small even though I no like all these referral things. Make I start to dey learn am.

https://app.cardify.co/referral/index?username=ilegend

GRACEGLORY:








The close was below, and we see the revisit of the $50K area, even though it had reclaimed the $51K earlier today…


For the past ten days, Bitcoin has been in a range trailing liquidity within the range, and some below the $50K which could break the $50.4k support.


As we can see, the market is sluggish being weekend. If I have a fresh insight, I’ll share later this evening.

Bitcoin has been in a range…
The $50–$51K range, and the $51–$53K range.

The $56–$60,000K range will become accessible with a break through the 53K. Additionally, a correction to the $49–47K region will occur if the support at the $50K area is broken, and thereafter, shoot up all, the way.

iLegendd:
See the image below.

The first two. I think it's even 3 of them, but I have only used the first two and funded them with USDT.

For Cardify, I only used it twice last year to make an urgent payment and haven't used it since then. It can be funded with Naira or USDT via TRC network.

Thanks my Boss.

GRACEGLORY:




You can try guarda, but uses visa, master card. Perhaps they give room for virtual now.

https://guarda.com/buy-bitcoin/nigeria/

Thanks my Boss.

twosquare:
That is if you are using servers of countries that have issues with Binance...like USA...UK and some countries have rules too concerning crypto.... but it is safer to use servers of other African countries.

To use any server, first know the crypto rule of that country to avoid issues. That's just it.

Why should anyone be browsing under such conditions

Are you looking for "where to sell your Skrill Funds in Nigeria" Your search is over as we are the best plug around.

We buy from as little as $2 and we also buy in bulk at the Rate of N1450 - N1500/$

CHECK OUR WEB PAGE: https://kwitoc.disha.page

For Proof of Transactions, check HERE: https://www.nairaland.com/7861654/how-sell-skrill-naira-nigeria/1#down

WhatsApp Us Via 08038606260 or click https://linktr.ee/kwitoc

YOU CAN ALSO TRADE YOUR PI, CORE & other Crypto with us

Thank you.

Emmizay12:


Omo we have moved on to other things,, most of us are now into affiliate marketing and freelance jobs

For this kind massive bullrun coming ahead. . .

Smh.

sammy2flow:


Use remitano.me . Federal government only block remitano.com . They are not aware of the other link

I just bring one of my rooted android phone and download MEXC app and it open but via website it do not open

make i rush go download binance, kucoin and luno

GRACEGLORY:



Bitcoin has been in a range…
The $50–$51K range, and the $51–$53K range.

The $56–$60,000K range will become accessible with a break through the 53K. Additionally, a correction to the $49–47K region will occur if the support at the $50K area is broken, and thereafter, shoot up all, the way.

I just hope they is no upcoming bad news. Anytime market is bullish, na that time I go dey see CPI up and down.

Chijohn42k:

Good Day Experts in the House, is there any tested and trusted virtual card providers that accept cryptocurrency. Thanks in advance.

GRACEGLORY and my fellow Nairalander

This is the best one that I currently use: https://play.google.com/store/apps/details?id=com.app.bitnob

It can be funded seamlessly with your Binance account.

You can also try these ones from Binance marketplace

Government agents are now very plenty on this thread, asking questions about how to access different crypto exchange and other dumb questions just to get information they'll use to strangulate those still doing crypto. Answer their questions at your own peril. Better still, lead them down a rabbit hole

nsiba:


Why should anyone be browsing under such conditions

Well, that's what the government has done to throttle down the speed of connectivity to these sites.

santos123:
I just hope they is no upcoming bad news. Anytime market is bullish, na that time I go dey see CPI up and down.

I hate that thing ehn...

No peace for the wicked kind of vibe

iLegendd:
See the image below.

The first two. I think it's even 3 of them, but I have only used the first two and funded them with USDT.

For Cardify, I only used it twice last year to make an urgent payment and haven't used it since then. It can be funded with Naira or USDT via TRC20 network.

Modified:

Let me check if they have referral so that I fit benefit small even though I no like all these referral things. Make I start to dey learn am.

https://app.cardify.co/referral/index?username=ilegend

Does it have a minimum funding threshold?

sammy2flow:


Use remitano.me . Federal government only block remitano.com . They are not aware of the other link

Now you have made them aware. They have paid agents here.

Please, but if i access binance with VPN would my account be blocked? my fund is there..As a corper, small allawee wey dem pay me, i put small thing buy AGIX wey del gve me joy, government won do me strong thing..someone should help please

Infinixhot2:
Please, but if i access binance with VPN would my account be blocked? my fund is there..As a corper, small allawee wey dem pay me, i put small thing buy AGIX wey del gve me joy, government won do me strong thing..someone should help please

i would really value your replies and answers please..thank.you

Infinixhot2:

i would really value your replies and answers please..thank.you

Check the last thread. Gave some advice. And no, your money is safe.

twosquare:
Check the last thread. Gave some advice. And no, your money is safe.

sir, that is the location should only be set to non restricted countries? or am i missing anything?
Mke person utilize this bull run do smetn before person POP

sammy2flow:


Use remitano.me . Federal government only block remitano.com . They are not aware of the other link

They will soon block that one as you done reveal am.

I also hope it's not a scam site?