Review Mintlayer ($MLT) – A blockchain built on top of Bitcoin’s network

Mintlayer is a Bitcoin sidechain dedicated to the tokenization of assets, such as stock tokens and stable coins. Your Mintlayer wallet is also a Bitcoin wallet and you can use it to trustless swap of BTC for any token created on Mintlayer, even through Lightning Network

Concept Project – What is Mintlayer?

Mintlayer is a long-term, secure solution for scaling and accelerating the future of decentralized finance. To make it easier to imagine, we can understand Mintlayer as Layer 2 of Bitcoin, but not connected to bitcoin. The project builds its blockchain network on the Proof of Stake mechanism and uses Bitcoin’s hash function as a parameter for the random selection of validators. This consensus structure is called Dynamic Slot Allotments (DSA).

The Mintlayer blockchain is tied to Bitcoin: every Mintlayer block has a reference to a Bitcoin block. In each Mintlayer round, which spans 1008 Bitcoin blocks, participants are selected from among stakers to collaborate on creating blocks of the chain.

Users who decide to actively participate in network consensus need to run a node and stake enough MLT coins to cross the minimum threshold. Each round, an election is automatically executed by the algorithm, where a user can be selected as a “participant”. The higher the stake when staking the token, the higher the chance of being selected.

Outstanding features

What is the project trying to achieve?

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. It 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.

It would like to improve 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.

What is unique selling point?

Reduce friction

Long-term scalability ensures low fees and fast transactions, even with high throughput.

Transaction fees can be paid in any token supported by the blockigner.

There is no need to use tokens as transaction gas, in contrast to Ethereum.

Access control lists (ACLs) allow for better security token compliance, including but not limited to whitelisting or blacklisting addresses, enforcing conditions on transferred amounts, and more.

Programmable pools avoid UTXO pollution and enable efficient token economics, including but not limited to dividend payouts or transaction taxes on specific security tokens.

Increase interaction

Consolidated payments and support for transferring multiple tokens in a single transaction.

Easily transfer tokens from the Ethereum (ETH) network.

Peg-in/out allows for wrapped tokens from other blockchains to exist on Mintlayer.

Cross-chain swap, making Mintlayer interoperable with Bitcoin.

Roadmap

Technical Data

Key metrics 

$MLT

• Token Name:  Mintlayer 
• Ticker: MLT
• Blockchain: Ethereum
• Token Standard: ERC20
• Contract: Updating…
• Token type: Utility
• Total Supply: 400,000,000
• Circulating Supply: Updating…

Token allocation

Token release Schedule

Token use case

Staking: Token holders can stake the block signer participant auction. Run a node that collects block fees and rewards by the network-authenticated financial activity.

Community participation: participate in future protocol voting.

Ecosystem Tools: Users incentivize MLT to pay for the network as services or products of the protocol

Token sale

MLT Pre-sale

You have the chance to get a bunch of MLT before the Public sale, at the price of 0.1452$ per token (vesting type 5)

Payment is only accepted in Bitcoin. When the countdown ends, if you are quick enough you will be able to buy one of the tickets below.

The current sale round is over. All the tokens for this round have been allocated. But don’t worry, there will be another round in the future!

How to own the token?

Participate in TGE event of MLT published on project channels.

Market and Community

Community

Mintlayer has crossed the mark of 47,300 Followers on Twitter.

Backers

Team/ Founders

Partners

Advisors

Conclusion and analysis

The project is a blockchain with open width on base, Dynamic Slot Allotments (DSA). The project will allow transactions to be more secure and secure and to be trusted. Mintlayer’s solution opens a new combination of scaling methods on secure premises, reliable and solving speed and network problems.

Find more information about Mintlayer :

Website: https://www.mintlayer.org   

Twitter: https://twitter.com/mintlayer  

Telegram: https://t.me/mintlayer

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures