Mintlayer has created the first sustainable architecture for Decentralized Finance (DeFi) on Bitcoin’s (BTC) network and high-security model to accelerate financial market adoption in the sector.
The platform offers users a fully decentralized solution in both trading engine and messaging system to milder solutions that introduce intermediaries in the communication to increase the spectrum of possible trades.
Open-source development is incentivized on the platform with community grants given to developers who integrate with or build on Mintlayer and gain access to simple Application Programming Interface (API), supportive documentation, Request For Comments (RFC), and poting tools for ERC20 tokens from the Ethereum (ETH) network.
Mintlayer does not require users to hold a native token for gas fees as these can be paid in any fungible token issued on the blockchain and accepted by the Blocksigner’s.
The platform has achieved several notable milestones since its inception such as:
- Tokenization system with UTXO that allows for fees to be paid in different tokens.
- BLS signature type chosen, tested, and implemented for the platform.
- Compatibility with Bitcoin in the case of upgrades on both blockchains defined by the Bitcoin Scripting System.
- Prototype for programmable pool architecture allowing the switch from UTXO to account development.
- BIP39 seeds, derivation path, and creation of multiple addresses (bech32) have been integrated.
- A Bitcoin mobile wallet that will extend its functionalities to the Mintalyer features once mainnet is launched
Mintlayer is a long-term, secure scaling solution for accelerating the future of DeFi through ease of market entry and structured mentorship programs for fledgling projects.
The daily focus of the team to continue building off of this strong base currently comprises:
- Launch of the Von Neumann testnet back in november 2021
- Fair sale on Launchpool.xyz which launched on November 22nd, 2021 dedicated to retail users who passed the whitelisting and at that time was the most oversubscribed fair sale on the platform: https://coinmarketcap.com/headlines/news/mintlayer-becomes-the-most-oversubscribed-launchpool-pre-ido-with-over-15-3-million-staked/
- Partnerships with Launchpool Labs and several other incubators, accelerators, and projects under construction on the platform like Blockinvest.
- Roll-out through the web of promotional materials like the educational videos
- Construction of a dedicated website for promotional activities and pre-sale of $MLT token buyers.
- A Bitcointalk signature program.
- Marketing campaigns incorporating many significant influencers in the space, like the founding member of the Bitcoin Foundation Charlie Shrem.
2022 should prove to be an exciting year for Mintlayer with the launch of their Lovelace testnet, which is the fullnode candidate for the mainnet release, a Bitcoin/Mintlayer mobile wallet, and many community initiatives like the boost of a network of project thanks to the Mintlayer Ecosystem Fund.
Subscribe to the Youtube channel for video content or participate to the airdrop on launch.mintlayer.org
For full information visit the website: https://www.mintlayer.org/
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Country: Australia
Website: https://micky.com.au/mintlayers-roadmap-to-success/
