Bitcoin was invented a decade ago. Isn’t it time for the next step?
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.
Let’s get it straight
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. 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.
Number of Transactions per Second
- Minter Testnet
- Minter Mainnet
- Minter 2021
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 do all need their own money and 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 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.
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.
Visionary, advocate for user-friendly products. Venture investor, Bitcoin evangelist since 2013, founder of many projects at the earliest stage of markets—online advertising, mobile applications, Big Data, and currently blockchain.
In charge of the Minter core. Blockchain wunderkind, total dev experience is seven years, with three of them in blockchain. Age: 21.
Systematizes Minter integration with off-chain world. Developer with eight years of experience in mobile, CRM, and e-commerce application projects. Realized decentralization was the next big thing before it was too late.
Develops Explorer and its API. Dev experience amounts to 12 years, among which two in blockchain products.
Author of Telegram bot wallets, PHP SDK. Young and promising, six years in backend, two in blockchain. Deems Telegram superior to other messengers.
All things web—Console, wallets, pages. Author of JS SDK. Five years in web development, expertise in creating SPAs, responsive layouts, and animation. Loves working overtime.
Developed and now improves Android wallet, authored Android SDK. Four years of experience in mobile dev for Android, seven in backend dev for web projects. Developer of desktop and system software for *nix systems. Vaper.
Author of iOS wallet and iOS SDK. Total experience in app development is 10 years, with last five years focused on iOS applications. Launched his own startups, raised funds. User security guard.
We know nothing about him, yet he helped us a lot.
Integration With Telegram Open Network
We have been closely watching various technologies and blockchains for the past few years and waited carefully for the moment when we could definitely say in what we believe and with whom we would like to integrate. Our choice fell on Telegram Open Network (TON).
We link our future to TON and believe that with this network, we will be able to implement all of our ideas to the fullest. Below is a step-by-step approach we will take in 2019 to integrate Minter with TON:
Transfer of Any Minter-Issued Coin to TON
One will be able to transfer any coin from the Minter blockchain to that of TON. Minter network’s validators will initiate the transfer automatically. Once the transaction is accepted by TON’s validators, the coins will be available for use within the Telegram Open Network. The transfer of coins from TON to Minter will also be automatic (available only for those created in Minter).
TON Storage for User Data
Minter users will be able to store their data on the TON blockchain, benefitting from its security and immutability.
TON for Micropayments
With TON Payments, users will be able to send and receive micropayments in Minter-based coins with the help of the Lightning Network. It will be very useful for services that have to often transact in small amounts (for instance, an ad service charging for each view).
Exchange of Coins
We will become the world’s first-ever project to reach the exchangeability of its native digital coin (in our case, BIP) and TON’s base coin (GRAM). That is the reason why we have been actively working out the way to integrate with Telegram and also the reason behind our decision to conduct the KYC/AML procedure for all of our users. If BIP can be exchanged for GRAM (and the other way round), so can any other coin issued in the Minter network!
The coin transfer feature will enable us to use the Telegram Open Network’s smart contracts. Everyone is doing their job to the best of their ability—we mint coins that can later be implemented in the TON’s smart contract environment, one of the most advanced ever.
Decentralized Username Registration
Once TON DNS launches, users will be able to use it for registering and managing usernames in the Minter network. Users will receive total control over their data in a trustless network.
If you are willing to become one of the first Minter network users, you may start the signup process via Telegram Passport.