About the coin

Mintlayer is a protocol designed to develop a decentralized finance (DeFi) ecosystem that leverages the Bitcoin and Lightning Network. The company's vision is to create a platform for deploying smart contracts on the Bitcoin blockchain, which will eventually lead to the creation of a decentralized exchange (DEX). Mintlayer aims to integrate the DeFi sector with Bitcoin, enabling real-world financial use cases on the Bitcoin blockchain.

Main features

Mintlayer's unique selling proposition is its ability to perform atomic swaps, allowing direct 1:1 swaps of native Bitcoin for other tokenized assets minted directly on Mintlayer. This process eliminates intermediaries, peg-in, wrapped, or federated tokens, enabling users to use native Bitcoin for financial instruments without counterparty or intermediary risk. Additional features include the ability to choose any token to pay transaction fees, Turing incomplete smart contracts for reduced risk and increased predictability, and an access control list for improved compliance with security tokens.

How it works

Mintlayer integrates the Lightning Network to provide high transactions per second, enabling fast transactions. It also supports multi-token transfers in a single transaction, making aggregated payments possible. The project includes programmable pools for efficient tokenomics and avoiding Unspent Transaction Output (UTXO) pollution. These features collectively enhance the functionality and efficiency of the Mintlayer platform, making it a robust solution for integrating DeFi with Bitcoin.