Bitcoin Ecosystem Upgrades – Financial Apps Now Possible With Mintlayer

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November 2, 2021 – San Marino, Republic of San Marino

Mintlayer, the Bitcoin sidechain protocol, will launch its testnet on November 10, 2021. It will enable tokenization, staking, lending and DEX for native BTC. The idea for Mintlayer comes from lead developer Enrico Rubboli, former Bitfinex and Tether developer. DeFi industry disruption

Mintlayer aims to create opportunities for all DeFi projects seeking greater technical interoperability with Bitcoin – as well as to grow their user base by increasing the opportunities to attract investment from Bitcoin holders.

Today, the DeFi industry relies mainly on the Ethereum network. Mintlayer challenges the status quo by creating a secure settlement layer on Bitcoin – through a consensus system tied directly to Bitcoin’s proof of work.

Tokenization of assets on Bitcoin

Asset tokenization is finally possible in a Bitcoin environment – where Bitcoins can be exchanged for any asset on Mintlayer (DEX) like stock tokens and stablecoins – without the need for a specific gas token to make transactions. transactions.

Mintlayer lead developer Enrico Rubboli said:

“The Mintlayer community is thrilled to launch its testnet. The core team of full-time developers and support staff is already over 24 people. Many projects are already seeing the disruptive value of this technology and are planning to move from the Ethereum network to Mintlayer, avoiding high fees. “

To learn more about how Mintlayer works, check out our short introductory videos and follow Mintlayer on social media.

About Mintlayer

Mintlayer is a blockchain built on the Bitcoin network. The development is coordinated by RBB SRL – a company based in San Marino. The development effort was funded by several VCs, including Alphabit Digital Fund, Moonwhale Ventures, Moonrock Capital and many more (see full list here).

Mintlayer improves direct token interoperability, enabling new ways to exchange value, creating a system where new business models can flourish and participate in truly trustless finance. The protocol takes advantage of technologically advanced scalability to strengthen network security, increase node inclusiveness, and ensure long-term sustainability.

For more information, go here.

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