Minting and Burning
Supply management.
Managing Supply
Minting creates new tokens and burning destroys them. Together they let a token's totalSupply grow or shrink over time.
These operations are not part of the core ERC-20 interface, but they are extremely common extensions.
What Minting Does
Minting increases totalSupply and credits new tokens to a recipient's balance. It is how tokens enter circulation - at deployment, as rewards, or on demand.
All lessons in this course
- The ERC-20 Standard
- Implementing a Token
- Allowances
- Minting and Burning