What is Minter Network? | Minter Blockchain Development

Bitdeal, Leading Blockchain Development Company has started working on the minter blockchain network. We have skilled blockchain experts who can help you in creating your own coin or apps (Mapps ) on minter network.

Bitcoin is the one and only famous and well-known cryptocurrency that is prevailing in the crypto market for more than a decade. Now, it is time to step into the next level of the cryptocurrency world.

 Here comes a network to drive the whole crypto globe to the next level. It is nothing but the " Minter Network ". Let us look at what is minter network and how its gonna be the future of cryptocurrency market in detail.

Let's have a deep discussion about the following topics in this article.
1. What is Minter Network?
2. Main Objectives of Minter 
3. BIP - Native Token of Minter
4. Special Features of Minter 
5. Minter Apps ( MApps)
6. Integration of Minter & TON 
7. Why Bitdeal?

 What is Minter Network?

Minter is a blockchain network that allows people or organizations to create, exchange and manage their own coins. The users can set the price for their own coins and exchange them limitlessly with instant liquidity.

Simply, the minter network is a platform where the users can create their own coins and can exchange them for other cryptocurrencies and fiat currencies like the USD.

Main Objectives of Minter 

The minter network is introduced with three main objectives. They are as follows ;
1. To provide crypto enthusiasts a way to create and exchange their own coins.
2. To have instant and absolute liquidity in every transactions and coins.
3. To provide faster transactions with low transaction fees.

BIP - Native Token of Minter 

The Minter is aiming to provide a fast, dependable and efficient medium of exchange that this real world is looking for. To achieve this the Minter Network creates a new cryptocurrency, BIP. This BIP is known as Native Token of minter network and it stands for Blockchain Instant Payment ( BIP ).

The coins created on minter by different users are backed by BIP reserve. The created coins are convertable to BIP or other crypto coins such as Bitcoin, Ether and lot more in both inside and outside the network.

The minter network is now working on exchanges for fiat currency like USD also. Thus, it aims for the next level of the cryptocurrency world.

Special Features Of Minter

Transaction Speed 

The notable feature of Minter is its transaction speed. It processes more than 10,000 transactions per block in 5 seconds. Here in minter, the engine is tied to DPoS ( Delegated Proof of Stake ) Blockchain consensus algorithm.

 

 

Exchangeability

The coins created on minter cannot be used for paying goods and services. Thus, there occurs a situation of exchanging those coins into other crypto coins or fiat currency for instant payment usages.

Thus, minter allows for exchanging the created coins to other crypto coins or fiat currency within and also outside the network.

Open- Source and Freedom 

Minter is an open source software that allows users to create their own coins and manage them and exchange them when they decide.

It also allows users to fix the price that they want to their coins. This freedom for users inside the network makes minter stand out of the crowd.

Transaction Fees 

The main key features that make minter spread over in short span is its transaction fees.The transaction fees on minter network are never exceeded than $0.01, for whatever be the volume of exchange.

 

 

The reason is that minter has a high network throughput, in which thousands of transactions occur per second, which can make them good profit even on setting transaction fees very low.

Reliability and global presence

The DPoS consensus algorithm engine of minter network provides high reliability. This allows validators and delegators for profit from their own contribution to the network.

This minter network has a large community of users and developers all over the globe.

Minter Apps ( MApps )

MApps are applications that are developed on the minter network. Minter app is integrated into a mobile app or a site. This will allow users to sign transactions, create, and manage coins and other features. 

You can also create your app on minter network. Minter Network allows for building and managing applications for your business.MApps can be developed with better UI/UX for both desktops and mobiles.

Integration of Minter and TON 

Minter blockchain network team had integrated with Telegram Open Network (TON) network. Minter believes that with TON network, they will be able to implement all of their ideas to the fullest. 

This Integration of Minter and TON enables Minter users to transfer any coins issued on minter network to TON. Minter users will be able to send and receive micropayments in Minter-based coins  With one of the services Telegram.

Below are the  step-by-step approaches Minter planned to take in 2019 to work with TON :

1. Exchange of Any Minter-Issued Coin to TON
2. TON Storage for User Data
3.Building of  Smart Contracts
4. Use of TON for Micropayments
5. Decentralized Registration of Username.

Creating your own crypto coins or MApps on Minter 

We, Bitdeal - Blockchain Solutions Provider works on providing the best for our clients. We have blockchain experts who keep track of recent technologies and trends and update themselves.

Our Blockchain Experts can help you in developing and deploying your own MApps for your business growth. We can also help you in minting your own crypto coins in minter network.

 

Get a free consultation from our Blockchain Experts Now !!
 

Reference :

1. A History of Minter Blockchain Development​

2. Minter Network: Taking the Cryptocurrency Market a Step Further

3. Minter Network (BIP Token): Legit Blockchain Cryptocurrency Project?