Minting Baton
In SLP, a special token output that authorizes additional issuance for one token ID.
A Simple Ledger Protocol (SLP) minting baton is a special UTXO recognized by SLP-aware software as authority to issue more units of a token. Spending it in a valid mint transaction can create supply and optionally recreate the baton.
If no baton exists or the baton is irrecoverably destroyed, conforming SLP validation cannot authorize further mint transactions for that token. Wallet and indexer agreement matters because SLP token rules are interpreted above BCH consensus.
CashTokens use a different native mechanism: a minting-capability NFT can authorize additional fungible tokens or NFTs for its category. It serves a related purpose but should not be called an SLP minting baton in technical documentation.
Related terms
Explore connected entries beyond the alphabetical index.
Simple Ledger Protocol (SLP)
→An application-layer Bitcoin Cash token protocol that records token instructions in OP_RETURN data.
CashTokens
→Native Bitcoin Cash primitives for fungible tokens and non-fungible tokens attached to UTXOs.
Fungible Token
→A fungible token has interchangeable units, so each unit of the same token is equivalent for payment, accounting, or trading.
Burn
→The permanent removal of coins or tokens from spendable circulation, usually by destroying them or making them unspendable.
Unspent Transaction Output (UTXO)
→A discrete spendable output on a UTXO blockchain, similar to a digital coin that must be spent whole.