The sidechain pronounces its testnet on the tenth of November 2021. It allows tokenization, staking, lending, and DEXs for native BTC.
Mintlayer, the Bitcoin sidechain protocolis going to launch itstestnet on the tenth of November, it should allow tokenization, staking, lending, and DEXs for native BTC. The thought of Mintlayer originates from the Core DeveloperEnrico Rubboli, former Bitfinex and Tether developer.
Disruption of the DeFi Trade
Mintlayer goals at creating alternatives for all of the DeFiprojects on the lookout for better technical interoperability with Bitcoinas effectively as scaling their user-base by growing the chance to draw investments from Bitcoin holders. At the moment the DeFi business is constructed totally on the Ethereum community. Mintlayer challenges the established order by constructing a safe settlement layer on Bitcoin, because of aconsensus system sure on to Bitcoin’s proof-of-work.
Asset Tokenization on Bitcoin
Asset tokenization is lastly doable in a Bitcoin atmosphere, the place bitcoins might be exchanged for any asset on Mintlayer (DEX) like inventory tokens and stablecoins,with out the necessity for a particular fuel token to carry out transactions.
“The Mintlayer group is thrilled to launch its testnet. The core crew of full-time builders and supporting employees has already grown previous 24 folks. Many tasks are already seeing the disrupting worth of this expertise and are planning to modify from the Ethereum community to Mintlayer, avoiding excessive charges”
Enrico Rubboli, Mintlayer Core Developer.
To know extra on how Mintlayer works, uncover our brief introductory movies on launch.mintlayer.org and comply with Mintlayer on socials: launch.mintlayer.org/signup-social