The Bitcoin Ecosystem Upgrades: Financial Applications Are Now Possible With Mintlayer By DailyCoin – Investing.com
- Date: 04-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
The Bitcoin Ecosystem Upgrades: Financial Applications Are Now Possible With Mintlayer By DailyCoin – Investing.com
Mintlayer, the sidechain protocol is going to launch its testnet on the 10th of November, 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 developer.
Disruption of the DeFi Industry
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 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.