Buy Mintlayer (ML)
What is Mintlayer?
Mintlayer is a Layer 2 sidechain for Bitcoin that enables decentralised finance (DeFi) capabilities, including smart contracts, atomic swaps, and decentralised applications (dApps), on the Bitcoin blockchain. Its primary purpose is to build a decentralised financial ecosystem on Bitcoin without compromising security or scalability by leveraging the Bitcoin and Lightning Network.
How does Mintlayer work?
Mintlayer operates as a Layer 2 sidechain utilising a UTXO ledger model, similar to Bitcoin. It integrates with the Lightning Network for fast and low-cost transactions and employs zero-knowledge proofs (ZK Thunder) for enhanced privacy and scalability. Mintlayer uses atomic swaps powered by Hash Time Locked Contracts (HTLCs) for secure and trustless transactions. The project also features a novel Proof of Stake (PoS) consensus protocol, using Verifiable Random Functions (VRFs) to ensure fairness in block production. Its smart contracts focus on safety and efficiency, employing non-Turing complete scripts.
What are the potential use cases for Mintlayer?
Mintlayer enables several real-world applications such as the tokenisation of real-world assets into security tokens, particularly in industries like real estate. It serves decentralised finance (DeFi) applications by allowing users access to tools for lending, borrowing, and creating mutual funds while supporting decentralised exchanges (DEXs), token creation, and staking mechanisms. Additionally, Mintlayer facilitates non-fungible tokens (NFTs) and digital art creation without congesting the Bitcoin blockchain, supporting innovative use cases across various sectors including finance and the metaverse.
What is the history of Mintlayer?
Mintlayer was founded by Enrico Rubboli in 2020 after he left the cryptocurrency exchange Bitfinex. The company's base is in San Marino, chosen for its favourable blockchain regulations. Since its foundation, Mintlayer has expanded by gathering a team of experts in various fields. Significant milestones include its founding in 2020, development and expansion efforts, and the upcoming release of Version 1.0.0 on January 15th, 2024, which will introduce atomic swaps and enhanced trading functions. The platform employs a UTXO model and non-Turing complete smart contracts, maintaining its presence as a future-proof blockchain solution.
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Frequently Asked Questions (FAQs)
What is the current price of Mintlayer (ML)?
The Mintlayer price is $0.16218949 AUD, representing a -10.52% from the day prior.
Where is the best place to buy Mintlayer (ML) in Australia?
The best place to buy Mintlayer (ML) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Mintlayer (ML) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Mintlayer (ML)?
The trading volume of Mintlayer (ML) is $777.3K AUD in the last 24hrs, representing a -10.52% from the day prior.
How can I buy Mintlayer (ML)?
Mintlayer (ML) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Mintlayer (ML)?
The current market cap of Mintlayer (ML) is $27.1M AUD.
Can I convert Mintlayer (ML) to cash?
Yes - With Coinstash you can convert your Mintlayer (ML) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Mintlayer (ML) are there?
The current circulating supply of Mintlayer (ML) is 168.4M.
Is Coinstash a safe place to buy Mintlayer (ML) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Mintlayer (ML) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.