🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
The "Mint" Concept in Crypto World
'Mint' in crypto? It's about creating new digital coins or tokens. Think of it like making money, but digitally. Traditional banks print cash. Crypto uses decentralized methods instead—mainly mining or staking.
What's This 'Minting' Thing?
At its core, minting creates new crypto through validated blockchain processes. It's not centralized. Anyone with enough resources can join in. Pretty transparent.
Two main ways to mint in 2025:
Proof of Work (PoW): Miners solve math puzzles. Hard work! They get new coins as rewards. Takes lots of computing power. Bitcoin still uses this. Secure but intensive.
Proof of Stake (PoS): Different approach. You "stake" some crypto in a wallet. More you stake, better your chances to validate and earn newly minted coins. It seems this has really taken off lately—people like that it doesn't waste so much energy.
The Good and Not-So-Good
Energy Use: PoS is way greener in 2025. No need for massive computing power. Ethereum switched to PoS and cut energy use dramatically. Gas fees are around $0.4431 per transaction now. Not bad.
What It Costs: Minting costs vary wildly between blockchains. Ethereum? Still kind of expensive. But Solana is super cheap ($0.00025 per transaction!). Polygon and BNB Chain fall somewhere in between. NFT creators love these cheaper options.
Centralization Issues: PoS has a problem. Big stakeholders get more power. Not entirely clear if this will become a serious vulnerability.
Technical Standards: NFT minting mostly follows standards like ERC-721, ERC-1155, or ERC-20 for regular tokens. They keep everything compatible.
Economic Effects
Minting keeps new coins flowing. Maintains liquidity. Supports market growth.
Many cryptos have limited supply schedules. Creates scarcity. Value might go up.
Bitcoin still mines with PoW in 2025. But newer cryptos? They've moved to energy-efficient methods. The industry adapts. Focus on sustainability without giving up security or decentralization. Kind of surprising how far we've come.