What is Minter?
Minter is a blockchain network that lets people, projects, and companies create and manage their own coins and exchange them at a fair price with absolute and instant liquidity.
Minter is a next generation currency that allows users to build their own coin and set its price. The coin created can be transferred and/or exchanged for other coins immediately and unlimited. Minter network allows the creation of coins that are for use regularly, coins that are quickly transferable and give value providers the ability to be their own banks.
Minter’s native coin is called BIP, which stands for Blockchain Instant Payment. It aims to fulfill the real-world market needs, including fast settlements among mobile users, low transaction fees (or even transferring funds free of charge), and, of course, a solid supply of 10 billion BIPs.
How Does Minter Work?
Think of Minter as the World Decentral Bank, as every coin is backed with reserves of BIPs, which can only be mined by PoS validators. Such reserves allocated by the smart contracts and driven with mathematical formulas create a very fair market value of any coin in any given time solving the price discovery problem.
The Minter blockchain runs on the Tendermint engine with the DPoS (Delegated Proof-of-Stake) consensus algorithm, the technology behind Cosmos Network that makes Minter network undoubtedly suitable with many ongoing and upcoming projects of this promising ecosystem. The programming language used for the implementation of the client/node is Golang.
The network itself acts as the Cosmos Zone, meaning that users can exchange BIP and other issued coins for Bitcoin and Ether. They can also use smart contracts run by separate zones via Cosmos Hub, the feature to be available in 2019.
The distributed ledger or blockchain technologies change the way people interact with one another, while the Peer-to-peer (P2P) economy is just at the point of the new era of specific money, where everyone has something to offer. Absolute and instant liquidity is the key competitive advantage of cryptocurrencies run with Minter, as users can buy, sell, and swap coins in seconds without the need for exchanges.
Unlike many blockchains in the market, Minter does not plan to bring everything on-chain. Minter blockchain is following the common trends, enriching them with its own unique features: open, permissionless network, fast transactions, coin creation, etc. Applications and services developed for Minter are called MApps (Minter Apps). A typical MApp is a microservice integrated into a site or a mobile app, letting users sign the transactions, view balances, mint and remint coins, and use other features enabled by the blockchain under the hood. Right from the start, the Minter Team will release open-source SDKs for iOS, Android, JS, and even a Telegram bot kit.
Minter can be considered one of the friendliest environments for developers: created with very simple and robust API, the Minter blockchain can support lots of client-side apps developed with SDK, for example, iOS/Android wallets, Chrome extensions, desktop, and mobile web applications. Minter architecture supports off-chain usernames, leading to a more simple way of transferring value and understanding statements.
Minter (BIP) will be Listed on Atomars
Minter (BIP) has announced that it will be listed on Atomars on the 28th of March and trading pairs will be: BIP/BTC and BIP/USDT.