Minting Baton
token · bitcoin-cash
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 NFTs in its category. All fungible units must be created at category genesis; a minting NFT cannot increase that fungible supply. See the CashTokens specification. It should not be called an SLP minting baton in technical documentation.
Related terms
Simple Ledger Protocol (SLP)
→An application-layer Bitcoin Cash token protocol that records token instructions in OP_RETURN data.
bitcoin-cash · token · protocol
CashTokens
→Native Bitcoin Cash primitives for fungible tokens and non-fungible tokens attached to UTXOs.
bitcoin-cash · token · protocol
Fungible Token
→A fungible token has interchangeable units, so each unit of the same token is equivalent for payment, accounting, or trading.
token · standard
Burn
→The permanent removal of coins or tokens from spendable circulation, usually by destroying them or making them unspendable.
concept · strategy
Unspent Transaction Output (UTXO)
→A discrete spendable output on a UTXO blockchain, similar to a digital coin that must be spent whole.
technical · blockchain