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ML

Mintlayer

$0.03986
4.00%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #745
$7,624,844
Volume (24h) #1270
$235,189
Supply (Circ. / Total / Max)
191.27M / 400M / 600M
Launch Date
2024-01-28
Block Number
-
Block Reward
-
Last Block Size
-
Network H/s
-

Mintlayer Price Converter

Mintlayer

Mintlayer Information

Resources

WebsitesWebsite
Block Explorersexplorer.mintlayer.org
Code Repositoriesgithub.com/mintlayer/mintlayer-core
Hashing Algorithms
BLAKE2b
Industries
Platform
DeFi
Governance
Communitieswww.reddit.com

Mintlayer Supported Platforms

MLERC20ETH0x059956483753947536204e89bfad909e1a434cc62023-03-21

About Mintlayer

Mintlayer (ML) is a blockchain platform aimed at enhancing decentralised finance by addressing scalability and security issues inherent in existing networks. Utilising Bitcoin's security model and advanced cryptographic techniques, Mintlayer offers a range of token standards and a unique PoS consensus mechanism. ML tokens are central to the platform's functionality, supporting transaction fees, staking, community governance, and various ecosystem services.

Mintlayer (ML) is a blockchain platform designed to enhance and scale decentralised finance (DeFi) by leveraging Bitcoin's security model. It addresses common blockchain issues such as high transaction fees, network congestion, and centralisation. The platform uses a unique consensus mechanism called Dynamic Slot Allotment (DSA), a refined Proof of Stake (PoS) model, and incorporates advanced cryptographic techniques such as Schnorr signatures and the Blake2b hash function to ensure security and efficiency​.

Decentralised Finance (DeFi): Mintlayer supports the creation and management of DeFi applications and offers tokenisation standards for fungible (MLS-01), non-fungible (MLS-03), and privacy-focused tokens (MLS-02) without needing complex smart contracts​.

Staking and Rewards: ML tokens are used for staking, allowing users to participate in the network as block producers and earn rewards. Staking pools require a minimum of 40,000 ML tokens, and users can delegate their tokens to these pools to earn rewards​.

Transaction Fees: ML tokens are used to pay for transaction fees on the network, covering costs associated with specific transactions such as token creation and other network fees​.

Community Engagement and Governance: ML token holders can participate in the governance of the Mintlayer network by voting on development priorities and suggesting new features​.

Ecosystem Tools: ML tokens can be used to purchase services within the Mintlayer ecosystem, such as smart contract development, security audits, and software engineering for decentralised applications​.