Cryptocurrency Q&A
What is the layer 2 Mintlayer of Bitcoin?
What is the layer 2 Mintlayer of Bitcoin?
DigitalDuke
Sun Nov 03 2024
|
5 answers
1116
Mintlayer is a Layer 2 solution for Bitcoin, specifically a sidechain, that unlocks BTC's huge potential in DeFi. It enables native BTC cross-chain swaps, enhancing privacy with non-Turing-complete smart contracts and a UTXO model. Mintlayer prioritizes security, simplicity, and reliability, utilizing a hybrid consensus system and featuring a deflationary tokenomics model with its native ML token.
5 answers
GyeongjuGloryDays
Tue Nov 05 2024
Mintlayer (ML) represents a revolutionary concept in the blockchain sphere.
Was this helpful?
398
34
CryptoConqueror
Tue Nov 05 2024
It functions as a layer 2 solution, designed to enhance the capabilities of the Bitcoin blockchain.
Was this helpful?
137
46
SkyWalkerEcho
Tue Nov 05 2024
By leveraging the established network of Bitcoin, Mintlayer enables users to create a decentralized finance ecosystem.
Was this helpful?
365
61
TaegeukWarrior
Tue Nov 05 2024
This ecosystem is tailored to incorporate various advanced features, such as DeFi, smart contracts, and atomic swaps.
Was this helpful?
54
45
MysticGalaxy
Mon Nov 04 2024
Additionally, Mintlayer supports the integration of NFTs and dapps, further broadening its appeal and functionality.
Was this helpful?
162
87
