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.
**Mintlayer Design**
Mintlayer is a Layer 2 sidechain on Bitcoin. It is designed to maximize interoperability with the Bitcoin network. Unlike traditional systems that use accounts, Mintlayer utilizes UTXOs. It is not Turing complete and employs the Schnorr signature scheme along with Bech32 for addresses.
**Mintlayer - Atomic Swaps**
While other projects aim to enable DeFi on Bitcoin, Mintlayer is the only protocol that enables direct 1:1 swaps of native Bitcoin for other tokenized assets minted directly on Mintlayer. These atomic swaps on Mintlayer eliminate the need for intermediaries, peg-in, wrapped, or federated tokens. No other project has approached asset swaps in this manner, enabling users to use native Bitcoin for financial instruments without counterparty or intermediary risk.
**Decentralization**
Mintlayer has made the process of running a node so resource-efficient that almost anyone with a typical desktop computer can run a node. Additionally, a Mintlayer node can easily run on a $50 Raspberry Pi; in fact, the team's main pool is currently operating on one. This lowers the barrier for more users to participate in the network, fostering greater decentralization.
How to Buy ML on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing ML. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing ML.
Step 5: Purchase ML
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of ML you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy ML.
Step 6: Store Your ML
After purchasing, you can choose to store your ML in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and ML assets, be sure to use a strong password and enable two-factor authentication.
ML Price: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 price fluctuates daily, You can go to the exchange: Bybit to check the price.
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