Mintlayer Price (ML)

What is Mintlayer (ML)?

Mintlayer is a layer 2 solution that allows users to build a decentralized finance ecosystem rooted in the established network of the Bitcoin blockchain opening Bitcoin to DeFi, smart contracts, atomic swaps, NFTs, and dapps.

Why DeFi on Bitcoin?

Just as the Lightning Network answered the question: “How do we make payments with Bitcoin a Reality?”

Mintlayer answers the question: “How do we make DeFi with Bitcoin a reality?”

Mintlayer is a protocol focused on developing a decentralized finance (DeFi) ecosystem that leverages the Bitcoin and Lightning Network.

The company's vision is to develop a platform to deploy smart contracts on the BTC blockchain, which will eventually give rise to a decentralized exchange (DEX). Mintlayer is opening up new ways for the DeFi sector to integrate with Bitcoin to enable real-world financial use cases on the Bitcoin blockchain.

Mintlayer USP - Atomic Swaps While other projects are trying to enable DeFi on Bitcoin, Mintlayer is the only protocol that enables direct 1:1 swap of Native Bitcoin for other tokenized assets Minted directly on Mintlayer. With these atomic swaps on Mintlayer, there are no intermediaries, peg-in, wrapped, or federated tokens. No other project has approached asset swaps in this manner, and it enables users to use native Bitcoin for financial instruments without counterparty or intermediary risk.

Decentralization Mintlayer has eased the process of running a node so resource efficient that almost anyone with a typical desktop computer can run a node. This makes it easier for more users to run a node and helps to create a more decentralized network.

Privacy Privacy has been at the forefront of development at Mintlayer, which is creating a new tokenization standard called MLS-02. These “privacy enabled” tokens will increase privacy by allowing users of MLS-02 tokens to make confidential transactions and increase anonymity.

Scalability Mintlayer solves blockchain scalability by shrinking the transaction size by about 70%. On top of this, Mintlayer also utilizes the Lightning Network for near-instant and low-cost transactions with high throughput.

Additional Features: Unlike Ethereum, users can choose any token to pay transaction fees. With Turing incomplete smart contracts, Mintlayer reduces the risk of contract failure and increases outcome predictability. This feature also reduces on-chain congestion. It has an access control list or Access control list (ACL) for improved compliance with security tokens such as whitelisting/blacklisting addresses and such functionalities. With multi-token transfers in a single transaction, Mintlayer makes aggregated payments a reality. By integrating the Lightning Network, Mintlayer users will enjoy high transactions per second to enable fast transactions. This project also has programmable pools for efficient tokenomics and evading Unspent Transaction Output (UTXO) pollution.