Репост из: Minter Network
Minter-Powered BTC
Many of you may have noticed that last Thursday, the BTC coin was issued on the network. It’s a “dummy coin” with minimal reserves that can’t be bought or destroyed—it’s backed by 10,000 BIP, while initial supply matches the maximum one.
Such coins are similar to ERC-20 tokens on the Ethereum network, with the only difference being that in our user-friendly environment, the throughput is considerably higher, and transaction fees do not exceed 1/100th of a cent. Plus, all transactions are final in five seconds.
With this coin rolled out, we are one step closer to a fully-fledged DeFi ecosystem. In it, MinterVault will store the top 10 cryptocurrencies for each Mainnet address, mirroring activity that’s happening on the actual chains. Once the MinterVault multisig is released, it will take control over the entire BTC supply, which will be first transferred there.
We can say with great confidence that by the end of this year, you’ll already be able to multi-send Bitcoin to hundreds of receivers in five seconds, spending no more than a couple of cents in total. The case is quite simple: if the user needs a wallet that’s fast and easy to use & understand, they install any of those available on Minter and create their main address, at the same time activating tens of others, such as BTC, ETH, and XRP. From there, the user can not only operate those coins within Minter but also transfer them to the “outer world,” that is, the original networks.
For now, let’s not talk about how we’ll ensure the exchangeability between BIP, customs, algocoins, and cryptocurrencies of other blockchains. But one thing is for sure: even your grandma will find it convenient and clear.
DeFi goes mainstream!
Example of a transfer of 1 Satoshi @ 1/100th of a cent in 5 sec.
Many of you may have noticed that last Thursday, the BTC coin was issued on the network. It’s a “dummy coin” with minimal reserves that can’t be bought or destroyed—it’s backed by 10,000 BIP, while initial supply matches the maximum one.
Such coins are similar to ERC-20 tokens on the Ethereum network, with the only difference being that in our user-friendly environment, the throughput is considerably higher, and transaction fees do not exceed 1/100th of a cent. Plus, all transactions are final in five seconds.
With this coin rolled out, we are one step closer to a fully-fledged DeFi ecosystem. In it, MinterVault will store the top 10 cryptocurrencies for each Mainnet address, mirroring activity that’s happening on the actual chains. Once the MinterVault multisig is released, it will take control over the entire BTC supply, which will be first transferred there.
We can say with great confidence that by the end of this year, you’ll already be able to multi-send Bitcoin to hundreds of receivers in five seconds, spending no more than a couple of cents in total. The case is quite simple: if the user needs a wallet that’s fast and easy to use & understand, they install any of those available on Minter and create their main address, at the same time activating tens of others, such as BTC, ETH, and XRP. From there, the user can not only operate those coins within Minter but also transfer them to the “outer world,” that is, the original networks.
For now, let’s not talk about how we’ll ensure the exchangeability between BIP, customs, algocoins, and cryptocurrencies of other blockchains. But one thing is for sure: even your grandma will find it convenient and clear.
DeFi goes mainstream!
Example of a transfer of 1 Satoshi @ 1/100th of a cent in 5 sec.