Bitget App

Trade smarter

What is Mintlayer

Coin overview

Coin-related

Trade-related

Coin updates

Other products

What is Mintlayer (ML)?

Mintlayer basic info

Name:Mintlayer

Ticker:

MLBuy now

Introduction:

What Is Mintlayer?

Mintlayer is a Proof-of-Stake (PoS) Layer-2 protocol designed to enhance the Bitcoin blockchain by enabling decentralized finance (DeFi), smart contracts, tokenization, and decentralized exchanges directly on Bitcoin. This platform aims to leverage the robust security and widespread adoption of Bitcoin while addressing its limitations, such as the lack of smart contract functionality and scalability issues. On January 29th, 2024, Mintlayer launched its mainnet.

Mintlayer emerged from the recognition of Bitcoin's potential as the foundation for a more expansive and inclusive financial ecosystem. It operates as a side-chain to the Bitcoin network, utilizing a unique consensus mechanism that combines the security of Bitcoin with the flexibility and scalability of a PoS system. This approach not only enhances transaction throughput and efficiency but also opens up Bitcoin to a wider range of financial services and applications, including DeFi projects, tokenized assets, and more, without compromising on security or decentralization.

Resources

Official Documents: https://docs.mintlayer.org/

Official Website: https://www.mintlayer.org/en/

How Does Mintlayer Work?

At its core, Mintlayer utilizes a sophisticated system of Bitcoin anchoring, checkpointing, and randomized selection to ensure the integrity and security of its network. Every block on Mintlayer is anchored to a block on the Bitcoin blockchain, leveraging the unparalleled security of Bitcoin to protect its own network. This process ensures that Mintlayer benefits from the robustness of Bitcoin's blockchain while operating its Layer-2 functionalities. The checkpoint system further safeguards the network against potential attacks by making it virtually impossible for transactions to be reversed or tampered with, thus maintaining the blockchain's integrity.

In addition to security measures, Mintlayer introduces a novel approach to scalability and user participation. Through batching and a dynamic slot allocation mechanism, it allows for multiple tokens to be transacted in a single operation, significantly reducing transaction costs and network congestion. This system not only improves scalability but also democratizes participation in the network's maintenance. Users can stake Mintlayer native tokens (ML) to participate in block creation and validation, with the probability of being selected proportional to the amount of ML staked. This staking mechanism encourages active community involvement and ensures a fair and decentralized process for block validation and creation.

What Is ML Token?

ML is the native token of the Mintlayer ecosystem. It serves multiple purposes, including paying for transaction fees, staking for network participation, and enabling smart contract creation. Staking ML tokens not only allows users to help secure the network but also offers them a chance to earn rewards for their participation. Furthermore, the ML token facilitates governance within the Mintlayer ecosystem, giving token holders a voice in the project's development and decision-making processes. ML has a total supply of 400 million tokens.

What Determines Mintlayer’s Price?

The price of Mintlayer, like any other blockchain-based asset in the Web3 ecosystem, is primarily influenced by supply and demand dynamics, shaped by a myriad of factors including the latest news, cryptocurrency trends, and in-depth cryptocurrency analysis. Investors and enthusiasts closely monitor cryptocurrency charts and Mintlayer price predictions to gauge its potential as the best crypto investment for 2024 and beyond. Regulatory changes, market volatility, and cryptocurrency risks, including security concerns, play significant roles in its valuation. Additionally, the latest developments in Mintlayer's technology, its adoption rate within the cryptocurrency community, and broader blockchain adoption trends can significantly impact its price. As the landscape of cryptocurrency regulation evolves, these factors collectively contribute to the fluctuating prices seen on cryptocurrency exchanges, making informed analysis more crucial than ever for those looking to invest in Mintlayer.

For those interested in investing or trading Mintlayer, one might wonder: Where to buy ML? You can purchase ML on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Current price:

$0.09833More price details

All-time high:$0.9894

All-time low:$0.02150

ML supply and tokenomics

Circulating supply:64,198,610 ML

Total supply:400,000,000 ML

Max supply:600,000,000 ML

Market cap:$6.31M

Fully diluted market cap:$59.00M

Links

Website:https://www.mintlayer.org/

Whitepaper:https://docs.mintlayer.org/

X:https://twitter.com/mintlayer

GitHub:https://github.com/mintlayer

Buy Mintlayer for $1Buy ML now

What is the development prospect and future value of ML?

The market value of ML currently stands at $6.31M, and its market ranking is #1287. The value of ML is not widely recognized by the market. When the bull market comes, the market value of ML may have great growth potential.

As a new type of currency with innovative technology and unique use cases, ML has broad market potential and significant room for development. The distinctiveness and appeal of ML may attract the interest of specific groups, thereby driving up its market value.

What will the price of ML be in 2025?

Based on ML's historical price performance prediction model, the price of ML is projected to reach $0.1496 in 2025.

What will the price of ML be in 2030?

In 2030, the ML price is expected to change by -8.00%. By the end of 2030, the ML price is projected to reach $0.2446, with a cumulative ROI of +132.87%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ML and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

ML price ML price prediction ML news

Is ML worth investing or holding? How to buy ML from a crypto exchange?

If you want to buy ML, the following information may be helpful for your investment decisions:

In the last seven days, the price of ML has risen by 4.79%, leading to positive returns for most ML investors. The market is currently optimistic about the price trend of ML.

It is important to note that the current price of ML has retreated by -90.06% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether ML is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ML or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of ML, if you want to buy or sell ML, you can consider Bitget for your trading needs. The best place to buy ML is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Mintlayer has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Mintlayer. Here's a step-by-step guide on how to buy Mintlayer on Bitget.

Buy ML now Coin buying guide

How to get Mintlayer through other methods？

Using cash to buy Mintlayer is not the only way to obtain Mintlayer. If you have the time to spare, you can get Mintlayer for free.

Learn how to earn Mintlayer for free through the Learn2Earn promotion.

Earn free Mintlayer by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Mintlayer airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Mintlayer through Bitget Convert, Bitget Swap, or spot trading.

What is Mintlayer used for and how to use Mintlayer?

The use case of Mintlayer may expand as the crypto market and the project itself develop. Currently, you can use ML to achieve the following goals:

Arbitrage by trading ML: Since ML is a frequently traded cryptocurrency, the price of ML is always fluctuating. Earn more ML by buying low and selling high on the exchange. Bitget spot market provides a variety of ML trading pairs to fully meet your needs.

Earn by staking ML: You can also generate income through financial management methods such as staking ML or lending ML. Bitget Earn offers a variety of financial products designed to help you earn more income from your ML.

Send or pay ML: If you want to give ML to your friends, a charity, or a fundraiser, or you want to pay someone with ML, you can quickly and easily send ML to the recipient through their payment address.

You can also go to the official website of the Mintlayer project to learn more about the use cases of ML. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Trade ML ML Earn