The Bitcoin Ecosystem Upgrades: Financial Applications Are Now Possible with Mintlayer

San Marino, Republic of San Marino, November 2, 2021: Mintlayer, a Bitcoin side-chain protocol, is going to launch its testnet on November 10. It will enable tokenization, staking, lending and DEXs for native BTC. The idea of Mintlayer originates from the Core Developer Enrico Rubboli, former Bitfinex and Tether developer.

Mintlayer aims at creating opportunities for all the DeFi projects looking for greater technical interoperability with Bitcoin as well as scaling their user-base by increasing the opportunity to attract investments from Bitcoin holders. Today the DeFi industry is built mostly on the Ethereum network. Mintlayer challenges the status quo by building a secure settlement layer on Bitcoin, thanks to a consensus system bound directly to Bitcoin’s proof-of-work.

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 perform transactions.

Enrico Rubboli, Mintlayer core developer, said:

To know more on how Mintlayer works, discover our short introductory videos on launch.mintlayer.org and follow Mintlayer on socials.

Mintlayer is a blockchain built on top of Bitcoin’s network, the development is coordinated by RBB SRL, a company based in San Marino. The development effort has been funded by several VCs, among which Alphabit Digital Fund, Moonwhale Ventures, Moonrock Capital and many others (see the complete list here).

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

Fore more information visit https://www.mintlayer.org/