Bitcoin is the one and only famous and well-known cryptocurrency that is prevailing in the crypto market for more than a decade. Now, it is time to step into the next level of the cryptocurrency world.
What is Minter Network?
Minter is a blockchain network that allows people or organizations to create, exchange and manage their own coins. The users can set the price for their own coins and exchange them limitlessly with instant liquidity.
Simply, the minter network is a platform where the users can create their own coins and can exchange them for other cryptocurrencies and fiat currencies like the USD.
Main Objectives of Minter
The minter network is introduced with three main objectives. They are as follows:
- To provide crypto enthusiasts a way to create and exchange their own coins.
- To have instant and absolute liquidity in every transactions and coins.
- To provide faster transactions with low transaction fees.
Special Features Of Minter
Transaction Speed
The notable feature of Minter is its transaction speed. It processes more than 10,000 transactions per block in 5 seconds. Here in minter, the engine is tied to DPoS ( Delegated Proof of Stake ) Blockchain consensus algorithm.
Exchangeability
The coins created on minter cannot be used for paying goods and services. Thus, there occurs a situation of exchanging those coins into other crypto coins or fiat currency for instant payment usages.
Thus, minter allows for exchanging the created coins to other crypto coins or fiat currency within and also outside the network.
Reliability and global presence
The DPoS consensus algorithm engine of minter network provides high reliability. This allows validators and delegators for profit from their own contribution to the network.
This minter network has a large community of users and developers all over the globe.
BIP - Native Token of Minter
The Minter is aiming to provide a fast, dependable and efficient medium of exchange that this real world is looking for. To achieve this the Minter Network creates a new cryptocurrency, BIP. This BIP is known as Native Token of minter network and it stands for Blockchain Instant Payment ( BIP ).
Bitdeal, Leading Blockchain Development Company has started working on the minter blockchain network. We have skilled blockchain experts who can help you in creating your own coin or apps (Mapps ) on minter network.
Source : Bitdeal
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