‘Kiln’ in the cryptocurrency domain can refer to a specialized hardware device or a specific type of smart contract used for minting or creating new digital assets, particularly NFTs. It signifies a process or facility where new tokens are forged, often involving complex computational operations or specific protocol rules. This term highlights the generative aspect of certain digital asset creation processes.
Context
Current discussions around ‘kiln’ often relate to the mechanics of NFT minting, the economics of generative art projects, and the technical requirements for launching new token collections. The efficiency and cost-effectiveness of a ‘kiln’ can significantly impact the viability of a project. Future developments may involve more streamlined and accessible ‘kiln’ technologies that reduce barriers to entry for creators.
A compromised third-party API allowed unauthorized withdrawal authority, exposing on-chain controls and draining $41 million in SOL from a DeFi staking program.
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