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MINTLAYER#3 What Sets Mintlayer Apart? In the current landscape, the DeFi ecosystem predominantly operates on the Ethereum ($ETH) blockchain, where node management is restricted to specialized servers rather than accessible to average users. Consequently, a significant portion of users find themselves excluded from the governance processes of the blockchain. These circumstances not only pose security risks for everyday users who predominantly rely on light nodes or custodial services but also contribute to the proliferation of more centralized project selections. Given Ethereum's lack of future-proof sustainability and comprehensive scalability plans, coupled with its intricate technical architecture, it appears ill-suited to serve as a viable long-term solution for truly decentralized finance. 8/ Roadmap Mintlayer's roadmap exhibits ambitious goals, with a primary emphasis on enriching its DeFi capabilities, refining token standards, and incorporating robust privacy measures. Such strategic advancements underscore Mintlayer's unwavering dedication to leading the charge in blockchain innovation while remaining responsive to evolving user requirements. 9/ Team The Mintlayer team consists of seasoned professionals in blockchain technology and finance. Their diverse expertise is pivotal in steering the project through the intricate realms of DeFi and blockchain development, propelling it towards its innovative objectives. Their team contributors consist of former employees at Bitfinex & Toshiba, and also some high skilled developers. 10/ Quite interested in this project and I’m looking forward to see the team building and delivering. I’m sure the Bitcoin ecosystem will expand, thus I want to have exposure in this direction. This dynamic activity reflects the early phase of an expansive DeFi ecosystem emerging on Bitcoin, teeming with potential and opportunities, as an increasing number of developers join this sector.

MINTLAYER#3

What Sets Mintlayer Apart?

In the current landscape, the DeFi ecosystem predominantly operates on the Ethereum ($ETH) blockchain, where node management is restricted to specialized servers rather than accessible to average users. Consequently, a significant portion of users find themselves excluded from the governance processes of the blockchain.

These circumstances not only pose security risks for everyday users who predominantly rely on light nodes or custodial services but also contribute to the proliferation of more centralized project selections.

Given Ethereum's lack of future-proof sustainability and comprehensive scalability plans, coupled with its intricate technical architecture, it appears ill-suited to serve as a viable long-term solution for truly decentralized finance.

8/

Roadmap

Mintlayer's roadmap exhibits ambitious goals, with a primary emphasis on enriching its DeFi capabilities, refining token standards, and incorporating robust privacy measures.

Such strategic advancements underscore Mintlayer's unwavering dedication to leading the charge in blockchain innovation while remaining responsive to evolving user requirements.

9/

Team

The Mintlayer team consists of seasoned professionals in blockchain technology and finance. Their diverse expertise is pivotal in steering the project through the intricate realms of DeFi and blockchain development, propelling it towards its innovative objectives.

Their team contributors consist of former employees at Bitfinex & Toshiba, and also some high skilled developers.

10/

Quite interested in this project and I’m looking forward to see the team building and delivering. I’m sure the Bitcoin ecosystem will expand, thus I want to have exposure in this direction.

This dynamic activity reflects the early phase of an expansive DeFi ecosystem emerging on Bitcoin, teeming with potential and opportunities, as an increasing number of developers join this sector.

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MINTLAYER#2 Staking. Staking entails the act of immobilizing assets to bolster the operations of a blockchain network. $ML holders will have the opportunity to immobilize their tokens, assuming the role of network validators. These validators stand to receive rewards in the form of transaction fees for the blocks they validate. Mintlayer's consensus protocol utilizes pools as block producers, enabling users with any amount of ML to engage actively in the network and receive rewards. A pool requires a minimum pledge of 40,000 $ML tokens, equivalent to 0.01% of the initial total supply. Users can delegate their tokens to a pool to earn rewards. For the initial decade of network operation, each block produced will yield block rewards paid in $ML, detailed in the table below: 5/ Wallet. They’ve also got a wallet, called Mojito. Mojito offers the convenience of managing multiple wallets within a single platform, facilitating seamless storage, transmission, and reception of BTC. Functioning as a non-custodial decentralized wallet, Mojito ensures that users maintain complete control over their assets at all times. The interesting thing is that you can create new private keys for every transaction to safeguard your transaction history from unwanted scrutiny and maintain your anonymity intact. 6/ Mintlayer Ecosystem Overview. The Mintlayer Ecosystem stands as a diverse array of opportunities tailored for projects aiming to unleash the full potential of Bitcoin. Projects at any phase of development can seek support within this dynamic framework. Explore the foundational infrastructure and essential resources available for projects to thrive within the Mintlayer environment: - Ecosystem Fund: This initiative identifies and financially backs top-tier DeFi projects with tangible real-world applications. Additionally, it serves as a bridge, linking project founders with the extensive network of Angels and Venture Capitalists associated with Mintlayer. - Incubator Program: Catering to nascent projects, this program provides comprehensive support to guide them
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MINTLAYER#1 I’m always trying to find the right narrative and one sector that recently caught my attention is this BTC beta and projects around it. Thus, one project that I started to look at recently is @mintlayer, a pioneering Bitcoin layer 2 platform, designed to revolutionize various sectors including DeFi, smart contracts, atomic swaps, NFTs, and DApps. Right now it’s price is around 0.44$ and I think it’s a bit undervalued. With a focus on enhancing Bitcoin DeFi interoperability, Mintlayer pioneers a blockchain ecosystem enabling trust-less Staking, Lending, and Borrowing with $BTC. 🧵 Here’s my review of it. ⬇️ 1/ Mintlayer is poised to become a nurturing ground for developers seeking to craft dApps with real-world utility, thereby shaping the future landscape of finance through the inherent decentralization of Bitcoin. Emphasizing scalability, decentralization, and privacy, its architecture integrates advanced elements such as transaction batching and seamless Lightning Network compatibility. 2/ Let’s take a look at their token. $ML Mintlayer boasts enhanced security and privacy functionalities in contrast to Ethereum. The native token $ML offers a spectrum of utility, including: Empowering Staking and Governance. Serving as fees for accessing exclusive protocol features (e.g., Tokenization). Token holders will have the versatility to engage in a multitude of platform activities, spanning from covering transaction fees to participating in staking, and even engaging in speculative trading. Moreover, the token will play a pivotal role in governance, serving as a key instrument in shaping the future trajectory and development path of the network, as determined by the dedicated development team. 3/ When it comes to tokenomics, it has a firm limit set at 600 million tokens, and Mintlayer allocates 400 million pre-mined tokens for the initial launch. The remaining 200 million tokens will serve as incentives for block creators until the entire token supply circulates within a decade.
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