Hi my name is Yasir
Answers by Yasir
What do I need to get started with investing in crypto? Any help is much appreciated!
If you're looking for currency the first thing you need to do is to get yourself a wallet. Coinbase is a great place to start !
What is the difference between minting and mining in the context of crypto currency?
Well basically in Bitcoin, what a miner does is devote computing power to the Decentralized network. The computing hardware is on the lookout to verify transactions according to the bitcoin protocol as well as calculating the 'winning' hash for a block of transactions. A winning hash depends on the difficulty set by the Bitcoin network, its not too hard so that it's becomes impossible to mike Bitcoins and its not too easy so that no one causes inflation. IF a winning hash is calculated by a miner, they receive a block reward of 12.5 BTC (this will halve later on). this BLOCK REWARD, is basically creating NEW BTC and thats how Bitcoins are minted.
Ask Yasir for help