What is Minter

  • coiners early-adopters

    This information below is taken from https://www.minter.network/

    Mintertalk.org is unofficial community website driven by community members but with support of MinterTeam.

    Imagine a blockchain that would allow you to create your own coin and transfer it or exchange it for all of the other coins issued in the network—as well as Bitcoin, Ether, and even USD—in an instant, limitless manner. Imagine the next-generation cryptocurrencies.

    That’s Minter.

    • All transactions are processed every five seconds
    • All coins can be exchanged for one another and also for Bitcoin, Ether, and USD
    • Anyone can create their own coin and set its price
    • The DPoS consensus algorithm ensures high reliability, which means both validators and delegators will profit from maintaining the network
    • Thousands of transactions per second with no delays or additional confirmations needed
    • An extensive choice of applications, ranging from wallets and the console to full-fledged cryptocurrency exchanges and other exchange services
    • Full documentation and open-source software
    • A large community of users and developers

    Transaction fees below $0.01

    Too fast to be true. And it is, thanks to the unique Tendermint engine atop the DPoS consensus algorithm. Minter is able to process up to 10,000 transactions per block every five seconds, and that is not the limit! Forget about delays or waiting for another confirmation. You press the button, and your transaction is sent.

    Minter is 200 times faster than its grandpa!

    Coin Issuance
    Money is a tool for exchanging value. Today, the value is produced by many people and companies, for example, popular Internet shops and services, new YouTubers or Instagramers, mobile games, or communities of people. They all need their own money on their own terms.

    All coins can be exchanged both within and outside the network. There is little sense in creating a currency that cannot be used to pay for goods and services around the world. That is why enabling you to exchange any coin for Bitcoin, Ether, and even USD whenever you want is one of Minter’s primary features. Why not use miles you got for riding the taxi to pay for flight tickets?

    Transaction Fees
    Transaction fees are so low that they don’t even bother anyone. Just to remind you, they do not exceed $0.01, regardless of the volume of an exchange or transfer operation.

    That is all because we have a high network throughput, thousands of transactions per second, meaning validators can make good money even with commission fees set so low.

    Revenues of Validators and Delegators
    All of the income plus transaction fees go to our validators and their delegators as it is they who support our network. DPoS implies the simplest block generation mechanisms on relatively affordable equipment, but with a high degree of integrity. These servers will receive 98% of the total BIP supply and 100% of transaction fees.

    More About Network
    Read White Paper

    To date, the Minter team consists of 20 people, among whom are blockchain developers and experienced front-end/back-end professionals. From the very beginning, we strive to build stylish, sophisticated applications for mobile users, so we have recruited accomplished designers and iOS/Android experts with the enormous expertise to join us.

    Eduard Maximovich
    Alexey Sidorov
    Ariil Davydov
    Daniil Lashin
    Vasiliy Malyavin
    Daniil Dulin
    Kamil Mukhametzyanov
    Nikita Eybog
    Eugene Gordeev: Product Owner

    Download on the App Store: https://itunes.apple.com/ru/app/bip-wallet/id1457843214
    Get it on Google Play: https://play.google.com/store/apps/details?id=network.minter.bipwallet.mainnet
    Works on Any Browser: https://wallet.bip.to/

    Website: https://www.minter.network/

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