What is the purpose of Mintlayer's staking protocol?
I'm interested in understanding the purpose of Mintlayer's staking protocol. I want to know why it was designed and what specific goals or objectives it aims to achieve within the Mintlayer ecosystem.
What blockchain is Mintlayer on?
Mintlayer is a Layer 2 protocol built on the Bitcoin blockchain, enabling smart contract programmability and DeFi applications on Bitcoin. It utilizes a hybrid consensus system combining elements of Proof-of-Stake and Proof-of-Work, prioritizing security, simplicity, and reliability. Mintlayer's native token, ML, plays a pivotal role in the ecosystem, facilitating staking, transaction fees, and governance.
What is the market cap of Mintlayer?
I'm interested in learning about the market capitalization of Mintlayer. Could you please provide me with the current market cap of Mintlayer?
What type of tokens does Mintlayer support?
I'm interested in understanding the types of tokens that Mintlayer supports. I want to know the specific categories or classifications of tokens it can handle.
What is the layer 2 Mintlayer of Bitcoin?
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.