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.
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.
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.
Mintlayer Price Analysis
As of November 24 2024 Mintlayer has a marketcap of $16M.
This is {{percentagefromath}} from its all time high of $0.988308.
In terms of its tokenomics, there's a total supply of 400M with 40% currently outstanding.
Keep in mind Mintlayer has a fully diluted value of $40M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
