Here is a simple, secure and native way for DeFi to access the Bitcoin network.
However, not everyone prefers using the original blockchain in such a way. Bitcoin OGs took no time to weigh in on the topic, pointing out that the base layer is not optimized for uses other than P2P fund transfers. Blockstream CEO Adam Backin a tweet that, unless Ordinals were used for something efficient, “it’s another proof of consumption of block-space thingy.”
, a Layer-2 solution rooted in the established network of the Bitcoin blockchain, aims to provide an acceptable and credible answer for all parties.The founders of Mintlayer designed the protocol to be as interoperable with the base Bitcoin layer as possible. It uses an accounting system, much like the Bitcoin blockchain, for superior security and robustness.
Instead of competing with Bitcoin, Mintlayer aims to empower the original cryptocurrency by providing a sound infrastructure that expands the use of BTC to new horizons. Speaking about building a decentralized protocol to provide people with new development opportunities, Mintlayer’s CEO Enrico Rubboli said: “Bitcoin is digital gold, and Mintlayer is developed to run on the digital gold standard.
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