The Bitcoin Ecosystem Upgrades – Financial Applications Are Now Possible With Mintlayer

The Bitcoin Ecosystem Upgrades – Financial Applications Are Now Possible With Mintlayer

November 2, 2021 – San Marino, Republic of San Marino

Mintlayer, the Bitcoin sidechain protocol, is going to launch its testnet on November 10, 2021. It will enable tokenization, staking, lending and DEXs for native BTC. The idea of Mintlayer originates from the core developer Enrico Rubboli, former Bitfinex and Tether developer.
Disruption of the DeFi industry

Mintlayer aims at creating opportunities for all the DeFi projects looking for greater technical interoperability with Bitcoin – as well as scaling their user base by increasing the opportunity to attract investments from Bitcoin holders.

Today, the DeFi industry is built mostly on the Ethereum network. Mintlayer challenges the status quo by building a secure settlement layer on Bitcoin – thanks to a consensus system bound directly to Bitcoin’s proof-of-work.

Asset tokenization on Bitcoin

Asset tokenization is finally possible in a Bitcoin environment – where Bitcoins can be exchanged for any asset on Mintlayer (DEX) like stock tokens and stablecoins – without the need for a specific gas token to perform transactions.

Enrico Rubboli, core developer of Mintlayer, said,

“The Mintlayer community is thrilled to launch its testnet. The core team of full-time developers and supporting staff has already grown past 24 people. Many projects are already seeing the disrupting value of this technology and are planning to switch from the Ethereum network to Mintlayer, avoiding high fees.”

To know more about how Mintlayer works, discover our short introductory videos and follow Mintlayer on social media.

About Mintlayer

Mintlayer is a blockchain built on top of Bitcoin’s network. The development is coordinated by RBB SRL – a company based in San Marino. The development effort has been funded by several VCs, including Alphabit Digital Fund, Moonwhale Ventures, Moonrock Capital and many others (see the complete list here).

Mintlayer improves direct token interoperability, enabling new ways to trade value, creating a system where new business models can flourish and participate in truly trustless finance. The protocol leverages technologically advanced scalability to enforce network security, increase node inclusivity and ensure long-term sustainability.

For more information, visit here.


Sara Noggler

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Bitcoin Fund gets a green light in Dubai – 360 Crypto World

Hoskinson Says Hydra ‘Going Very Well’, Cardano Now Has Over 2 Million $ADA Wallets

Hoskinson Says Hydra ‘Going Very Well’, Cardano Now Has Over 2 Million $ADA Wallets