Mintlayer is a layer 2 solution that allows users to build a decentralized finance ecosystem rooted in the established network of the Bitcoin blockchain opening Bitcoin to DeFi, smart contracts, atomic swaps, NFTs, and dapps.
The company's vision is to develop a platform to deploy smart contracts on the BTC blockchain, which will eventually give rise to a decentralized exchange (DEX). Mintlayer is opening up new ways for the DeFi sector to integrate with Bitcoin to enable real-world financial use cases on the Bitcoin blockchain.
While other projects are trying to enable DeFi on Bitcoin, Mintlayer is the only protocol that enables direct 1:1 swap of Native Bitcoin for other tokenized assets Minted directly on Mintlayer. With these atomic swaps on Mintlayer, there are no intermediaries, peg-in, wrapped, or federated tokens. No other project has approached asset swaps in this manner, and it enables users to use native Bitcoin for financial instruments without counterparty or intermediary risk.
Mintlayer has eased the process of running a node so resource efficient that almost anyone with a typical desktop computer can run a node. This makes it easier for more users to run a node and helps to create a more decentralized network.
Mintlayer solves blockchain scalability by shrinking the transaction size by about 70%. On top of this, Mintlayer also utilizes the Lightning Network for near-instant and low-cost transactions with high throughput.
CHECK MORE INFO HERE: https://coinmarketcap.com/currencies/mintlayer/#About
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