|
Bitcoin Layer 2 network Mintlayer announced its mainnet launch on January 30, while concurrently undergoing the process of migrating its token ML from the Ethereum network to its native platform. Mintlayer is developed using Rust and employs a UTXO model and hardcoded smart contracts similar to Bitcoin, with a consensus mechanism that combines PoW and PoS. The initial supply consists of 400 million ML tokens, with 200 million allocated for block rewards over a 10-year period, and a maximum limit of 600 million tokens. Block rewards will decrease annually, incorporating a burning mechanism to ensure deflation. |
|