MintLayer- A Bitcoin sidechain created to resolve blockchain drawbacks

In the exciting world of Web3 that we are leaning towards, crypto and the concept of blockchain technology have spread like wildfire. While exploring this space, one prevalent limitation easily encountered is blockchain network congestion.

Blockchain network congestion is a thorn in the flesh that can impede transaction speed and raise expenses, potentially causing hiccups in user experiences and even resulting in market fluctuation. This issue primarily stems from increased demand, limited block sizes, and protracted block execution duration times.

Instances of network congestion have played out in widely adopted blockchains such Ethereum. The DeFi ecosystem for instance, runs on the Ethereum blockchain where nodes are strictly managed by specialized servers rather than average users, effectively inflating prices and leaving most users out of blockchain’s governing decisions.

As a solution to these drawbacks, the team of MintLayer has come up with the idea of leveraging technologically advanced scalability to deliver network and user security, promote node inclusivity, and maintain long-term sustainability.

By eliminating these flaws, MintLayer aims to empower Bitcoin frameworks with a sidechain that will serve as a future-proof blockchain, improve direct token interoperability and facilitate ways to trade value, create systems, functionalities, and deliver access to a full trustless finance.

The need to improve the current state of security, scalabilty, intereoperabilty and enhance decentralization in blockchain is a glaring one. If MintLayer successfully addresses these issues, and also leverage on top tier CEX listing of its token $ML (listed on Bitget) to drive adoption, then we could witness a more accessible blockchain.