MintLayer is a bitcoin layer 2 solution for open source systems, which takes full advantage of the BTC and ETH green ecosystem, making the actual operation of data encryption more efficient and secure. Its agreement allows batch command buying and selling (even among different tokens), has an accounting system based on UTXO, and uses too many access control lists to achieve token security. Based on its full application to Lightning Network, Mintlayer is free to expand its Internet assets.
Users can convert Bitcoin into tokens directly through molecular swaps, and migrate assets within the system without having to pay for car gas, thanks to a dedicated Mintlayer wallet.
Its consensus algorithm is dynamic slot assignment (DSA), a combination of risk proof, but there is a turning point: customers do not have to refer to the outside world for time verification, and each block is directed to a block on Bitcoin; there is a complete control point system in life that all Internet participants can turn on to prevent 51% attacks.
Mintalyer also comes with Wasm, a general-purpose vm virtual machine that compiles programs from a wider range of computer languages. This is a memory-based device that is more flexible than EVM.
The Mintlayer agreement brings several Defi test cases to developers, from building DEX, industry and network loan platforms to token formation (application tools, remediation, management, etc.). And identification of derivatives. For those who have no programming experience, Mintlayer brings the integration of smart contracts in zero-numbered applications.
To support a new creative thinking and project that hopes to contribute to Defi at the bitcoin trend level, Mintlayer has launched a green ecosystem stock fund, including start-up incubators, network accelerators and fee schemes.
Coming AMA will take an in-depth look at the future development of Defi on Bitcoin. The special guests of AMA organized the discussion include:
AMA's live meeting will be held on Cointelegraph's YouTube channel at 2 p.m. on March 15 during Global Harmony.
Learn more about Mintlayer
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