Minting (forge) offers more opportunities based on the amount held
Minting (forge) is a fundamental mechanism of Bitcoin. It is a method of acquiring coins in Proof of
Stake (PoS), a system developed as an alternative to Proof of Work (PoW), and corresponds to mining in the context of Proof of Work (PoW).
While it is generally referred to as "Minting," Nextcoin—a system operated solely on Proof of Stake (PoS)—uses the term "forge" instead of "minting."
In Bitcoin mining, the miner who is the first to complete the calculations required to generate a block is rewarded with Bitcoin; however, in Forge, the right to mint coins is determined by the amount of coins held and the length of time they have been held—the more coins you hold and the longer you hold them, the more coins you can mint.
In other words, unlike Bitcoin mining—which requires high-speed computers, significant electricity costs, and considerable effort—NextCoin allows users to easily mint new coins based on their holdings and holding period without any tedious work.
It’s as if new coins are minted just like receiving interest payments or stock dividends. This can be seen as a solution to
the problems currently facing Bitcoin, such as intense competition in mining, massive electricity consumption, and skyrocketing transaction fees.
