Release v0.5.0
Today, we are planning to update the testnet. All data will be reset.
The testnet #22 accomplishments:
• 420,000 blocks;
• 5,000 transactions in a block (peak);
• A total of 465,000 transactions.
What’s new in version 0.5.0?
• Support of multisig wallets. Will be accessible in the Console soon;
• Unbond period decreased to 720 blocks in the testnet;
• Maximum number of candidates in the network — (number of validators*3). Right from the start, there will be 48 (16*3) slots;
• Maximum number of delegators per one candidate/validator — 1,000;
• Tendermint updated to v0.25.0.
An important change for testnet validators: test coins for masternodes will now be delegated directly to a node instead of being sent to a wallet. This will enable you to test the income from the commissions you charge your delegators. We will start to distribute the coins within one to two hours of the stable functioning of the network.
https://github.com/MinterTeam/minter-go-node/releases/tag/v0.5.0
The new network will start operating at 15:00 UTC (18:00 Moscow time). We will disable the current testnet shortly before that.
Today, we are planning to update the testnet. All data will be reset.
The testnet #22 accomplishments:
• 420,000 blocks;
• 5,000 transactions in a block (peak);
• A total of 465,000 transactions.
What’s new in version 0.5.0?
• Support of multisig wallets. Will be accessible in the Console soon;
• Unbond period decreased to 720 blocks in the testnet;
• Maximum number of candidates in the network — (number of validators*3). Right from the start, there will be 48 (16*3) slots;
• Maximum number of delegators per one candidate/validator — 1,000;
• Tendermint updated to v0.25.0.
An important change for testnet validators: test coins for masternodes will now be delegated directly to a node instead of being sent to a wallet. This will enable you to test the income from the commissions you charge your delegators. We will start to distribute the coins within one to two hours of the stable functioning of the network.
https://github.com/MinterTeam/minter-go-node/releases/tag/v0.5.0
The new network will start operating at 15:00 UTC (18:00 Moscow time). We will disable the current testnet shortly before that.
Stages of Launching MBank, the Validators’ Bank
As we mentioned earlier, MBank—the bank of validators—will be the critical feature of the network. With its help, validators will be able to sell the BIPs they’ve minted placing large sell orders, and users will have the opportunity to sell any coins at a market price.
The launch of the system will proceed in four main stages:
1. Before the Mainnet goes live, validators (organizers of pools) will be able to transfer the right to request BIPs to any user through the Early Access Campaign website (minternetwork.com). The price will be fixed at 1 BTC for 100,000 BIP.
2. Once the main network is launched, validators will be able to place sell orders of 100,000 BIPs—which they will have minted using their personal funds—at a fixed price (1 BTC).
3. After having tested the first two stages, we will enable each validator to set their own prices for coins and determine the size of the order.
4. Any user will be able to use their wallet to exchange any coin for BTC, ETH, and even USD, as well as for the withdrawal to a bank card.
Here is the logic behind our plan—we will first learn to execute concrete trades outside of the blockchain, then on the blockchain, then with different prices, and finally with fiat for every user.
The key operations with MBank will be accessible to users on minternetwork.com after passing KYC, so hurry up.
https://minternetwork.com/invite/helloworld
As we mentioned earlier, MBank—the bank of validators—will be the critical feature of the network. With its help, validators will be able to sell the BIPs they’ve minted placing large sell orders, and users will have the opportunity to sell any coins at a market price.
The launch of the system will proceed in four main stages:
1. Before the Mainnet goes live, validators (organizers of pools) will be able to transfer the right to request BIPs to any user through the Early Access Campaign website (minternetwork.com). The price will be fixed at 1 BTC for 100,000 BIP.
2. Once the main network is launched, validators will be able to place sell orders of 100,000 BIPs—which they will have minted using their personal funds—at a fixed price (1 BTC).
3. After having tested the first two stages, we will enable each validator to set their own prices for coins and determine the size of the order.
4. Any user will be able to use their wallet to exchange any coin for BTC, ETH, and even USD, as well as for the withdrawal to a bank card.
Here is the logic behind our plan—we will first learn to execute concrete trades outside of the blockchain, then on the blockchain, then with different prices, and finally with fiat for every user.
The key operations with MBank will be accessible to users on minternetwork.com after passing KYC, so hurry up.
https://minternetwork.com/invite/helloworld
Today and tomorrow, we are presenting at CryptoGames in Minsk. Come visit us! http://cryptogames.events/tickets
KYC Issues?
If you experience problems with passing the KYC procedure, please do not hesitate to contact our technical support specialist at kyc@minternetwork.com
They will then manually review your application and activate your account!
You may also refer to https://medium.com/@MinterTeam/solving-kyc-related-issues-34aaf846a602
If you experience problems with passing the KYC procedure, please do not hesitate to contact our technical support specialist at kyc@minternetwork.com
They will then manually review your application and activate your account!
You may also refer to https://medium.com/@MinterTeam/solving-kyc-related-issues-34aaf846a602
Medium
Solving KYC-Related Issues
When registering to participate in the Minter Early Access Campaign, all users need to go through the KYC (Know Your Customer) procedure…
New bonuses have arrived!
We held a negotiation round with funds and selected a short list of those with whom we will work. As of today, funds have applied for requesting almost 1 000 BTC worth of BIP.
We will allow them to buy in starting October 25, with no bonuses or any other special conditions, which means 100 000 BIP at 1 BTC.
To provide our faithful friends—members of our network—with an additional opportunity, we decided to introduce a 20-percent bonus on all balance replenishments made starting October 19, 21:00 up until October 31, 18:10 (UTC).
We believe that real people are more important than large funds as they create a network effect by exchanging coins with one another.
What bonuses can you receive before the Campaign ends?
• 10% on all BIPs your friends request using your invite link
• 100 BIP for each of your friends signing up and passing the KYC check
• Bonuses offered by pools (if you are a member of one of them)
• 50% on all BIPs you request, provided you have contributed significantly to the Minter project promotion
Once the Campaign has finished, MBank will start operating right away (https://news.1rj.ru/str/MinterTeam/39)!
We held a negotiation round with funds and selected a short list of those with whom we will work. As of today, funds have applied for requesting almost 1 000 BTC worth of BIP.
We will allow them to buy in starting October 25, with no bonuses or any other special conditions, which means 100 000 BIP at 1 BTC.
To provide our faithful friends—members of our network—with an additional opportunity, we decided to introduce a 20-percent bonus on all balance replenishments made starting October 19, 21:00 up until October 31, 18:10 (UTC).
We believe that real people are more important than large funds as they create a network effect by exchanging coins with one another.
What bonuses can you receive before the Campaign ends?
• 10% on all BIPs your friends request using your invite link
• 100 BIP for each of your friends signing up and passing the KYC check
• Bonuses offered by pools (if you are a member of one of them)
• 50% on all BIPs you request, provided you have contributed significantly to the Minter project promotion
Once the Campaign has finished, MBank will start operating right away (https://news.1rj.ru/str/MinterTeam/39)!
Telegram
Minter
Stages of Launching MBank, the Validators’ Bank
As we mentioned earlier, MBank—the bank of validators—will be the critical feature of the network. With its help, validators will be able to sell the BIPs they’ve minted placing large sell orders, and users…
As we mentioned earlier, MBank—the bank of validators—will be the critical feature of the network. With its help, validators will be able to sell the BIPs they’ve minted placing large sell orders, and users…
“Money is the most undisrupted space the world has seen in the past 40 years,” said Eugene Gordeev, product owner of Minter and a passionate Bitcoin evangelist. “Today, people are so well-connected to the P2P economy through stand-alone, self-employed businesses like Airbnb hosts, Uber drivers, YouTube bloggers and Etsy crafters, to name a few. Now, the only thing missing is private money issued and managed by those who want to make their products and services even more special.”
Read More: https://bitcoinmagazine.com/articles/minting-future-cryptocurrencies/
Read More: https://bitcoinmagazine.com/articles/minting-future-cryptocurrencies/
Bitcoin Magazine
Minting the Future of Cryptocurrencies
In 2009, Bitcoin was ushered in as an alternative to fiat currency, promising to revolutionize the future of peer-to-peer spending. Since then, it has
Why did we choose Tendermint?
When we were starting to work on Minter almost two years ago, we decided that we would use only the industry’s best practices. In other words, if we can use someone else’s code—especially that written by strong teams—we should definitely do that. We aim to provide our users with the most efficient blockchain and not to collect awards for programmers. At first, we bet on Ethereum code because many popular projects had already been using it at the time. After having created a prototype last fall, however, we saw numerous limitations the engine put. We then conducted an in-depth market analysis and found a perfect candidate for our core—Tendermint!
Tendermint is an open-source engine for blockchain projects.
It allows the members of the network to reach a consensus really fast. Using Tendermint, a blockchain developer can be assured that all active nodes store same sets of transactions, balances, accounts, etc. Thanks to its own consensus algorithm, Tendermint allows for the processing of tens of thousands of transactions per second. The engine itself is written in Golang but lets programmers use any programming language to develop their blockchain.
As of now, over 70 projects—including Cosmos SDK, Cosmos Hub, 0x Project, and OmiseGo—use Tendermint.
The Minter blockchain also uses Tendermint and the DPoS consensus algorithm for high network performance.
Everything we develop is 100% open. Visit our GitHub to view the code and contribute: https://github.com/minterteam
If you got any questions, you may ask them in our chat: t.me/joinchat/EafyERJSJZJ-nwH_139jLQ
When we were starting to work on Minter almost two years ago, we decided that we would use only the industry’s best practices. In other words, if we can use someone else’s code—especially that written by strong teams—we should definitely do that. We aim to provide our users with the most efficient blockchain and not to collect awards for programmers. At first, we bet on Ethereum code because many popular projects had already been using it at the time. After having created a prototype last fall, however, we saw numerous limitations the engine put. We then conducted an in-depth market analysis and found a perfect candidate for our core—Tendermint!
Tendermint is an open-source engine for blockchain projects.
It allows the members of the network to reach a consensus really fast. Using Tendermint, a blockchain developer can be assured that all active nodes store same sets of transactions, balances, accounts, etc. Thanks to its own consensus algorithm, Tendermint allows for the processing of tens of thousands of transactions per second. The engine itself is written in Golang but lets programmers use any programming language to develop their blockchain.
As of now, over 70 projects—including Cosmos SDK, Cosmos Hub, 0x Project, and OmiseGo—use Tendermint.
The Minter blockchain also uses Tendermint and the DPoS consensus algorithm for high network performance.
Everything we develop is 100% open. Visit our GitHub to view the code and contribute: https://github.com/minterteam
If you got any questions, you may ask them in our chat: t.me/joinchat/EafyERJSJZJ-nwH_139jLQ
GitHub
Minter
Minter is an ultra-fast and robust cross-chain DEX with in-core AMM and order book powered by its own Layer-1 Blockchain. - Minter
Minter mining is a real revolution:
- No hardware needed;
- Use any coin issued on the network;
- And any amount of funds;
- Rewards are distributed to delegators and validators every minute;
- Proportionally to their stakes.
There are three simple steps:
- Choose a validator;
- Transfer your stake to a public address;
- Monitor your rewards every minute.
For more detail, check out one of our how-to articles — https://medium.com/@MinterTeam/how-to-become-a-minter-network-delegator-d0c2ee918909
- No hardware needed;
- Use any coin issued on the network;
- And any amount of funds;
- Rewards are distributed to delegators and validators every minute;
- Proportionally to their stakes.
There are three simple steps:
- Choose a validator;
- Transfer your stake to a public address;
- Monitor your rewards every minute.
For more detail, check out one of our how-to articles — https://medium.com/@MinterTeam/how-to-become-a-minter-network-delegator-d0c2ee918909
Medium
How to Become a Minter Network Delegator
A holder of any coin in the Minter network can become a delegator. In order to become a delegator, the user must send a delegation…
🎙 Check out Crypto Quantic Ph.D’s talk with Dan, our community manager! Interviewed by a gifted trader and top-notch Medium author, Dan sheds light on the most daunting obstacles the crypto space faces on the road to mass adoption and breaks down how the Minter network could help overcome them.
https://medium.com/@ImagineTraffic/unfazed-by-the-crypto-bear-market-this-team-aims-to-be-the-first-to-integrate-with-the-telgram-7a7c909263c9
https://medium.com/@ImagineTraffic/unfazed-by-the-crypto-bear-market-this-team-aims-to-be-the-first-to-integrate-with-the-telgram-7a7c909263c9
Forwarded from DeCenter – Blockchain and Bitcoin
September 25 saw the end of the second Minter hackathon dedicated to the launch of decentralized exchanges (DEX). In just a week, the development teams had to create a convenient interface for monitoring the price of coins on the Minter testnet, as well as provide a simple tool for buying and selling them directly from users' wallets . . .
Continue Reading! »
Continue Reading! »
decenter.org
How I Created a Decentralized Exchange on Minter in a Week
The winners of Minter Hackathon #2 explain how they managed to design a decentralized exchange under deadline pressure.
We are glad to announce that our European company Minter Global has started operation. It is Minter Global that will become one of the MBank’s brokers, allowing you to exchange your BIP for crypto/fiat and vice versa. We will enable holders of euro-denominated bank accounts to almost instantly withdraw their funds via IBAN.
Following our strategy, we will first cover those countries which have a clear regulation of the cryptocurrency space.
https://minter.global/
Following our strategy, we will first cover those countries which have a clear regulation of the cryptocurrency space.
https://minter.global/
www.minter.global
Minter Global
Responsible integration of the future
How does one set up and run a masternode? What are the real numbers for different architecture configurations? How much would it all cost? Click the link below to find out:
https://minter.link/masternode-costs
https://minter.link/masternode-costs
decenter.org
How Much Does It Cost to Launch a Masternode and Maintain It? Different Architecture Configurations within the Minter Network
The technical specifications and costs of launching a masternode on the Minter network.
The registration procedure has become much faster, and you can now buy BIP from the organizers of the pools (the first step in launching MBank): https://minternetwork.com/invite/new
P.S. For each friend who signs up using your invite link, you’ll receive 10% of the amount they request.
P.S. For each friend who signs up using your invite link, you’ll receive 10% of the amount they request.
Minternetwork
Minter Network
Forwarded from DeCenter – Blockchain and Bitcoin
The launch of the Minter main network is not far off, which means it is time for all BIP holders to think about whose node to delegate their coins to. Check out a guest post explaining why one should be attentive to statistics and other indicators of the validator in the testnet.
Learn More Now! »
Learn More Now! »
decenter.org
Through the Eyes of a Validator: Why Is a Testnet Not an Indicator for Choosing a Validator?
How to correctly choose a validator in the Minter network. The tips.
We received confirmation that our E.U.-based company Minter Global OU had been granted crypto license — https://minter.global
Part of the MBank, this company will enable the participants of the Minter network to deposit and withdraw fiat funds!
Part of the MBank, this company will enable the participants of the Minter network to deposit and withdraw fiat funds!
www.minter.global
Minter Global
Responsible integration of the future
The U.S. Dollar on the Minter Blockchain
Good news, everyone.
Once the Minter network starts operating, our team will launch an algorithmic stablecoin pegged to the USD. After the coin has gained enough support, it will obtain the same features as all other Minter-based tokens—five-second confirmation times, low transaction fees, and exchangeability with BIP and all other currencies issued on the network.
Fixed at $1 apiece and easy to understand for everyone, this coin will be the Minter network’s main point for entry and exit.
Good news, everyone.
Once the Minter network starts operating, our team will launch an algorithmic stablecoin pegged to the USD. After the coin has gained enough support, it will obtain the same features as all other Minter-based tokens—five-second confirmation times, low transaction fees, and exchangeability with BIP and all other currencies issued on the network.
Fixed at $1 apiece and easy to understand for everyone, this coin will be the Minter network’s main point for entry and exit.
Look what we got for you—a web wallet for Minter! Use whichever device you prefer: https://wallet.beta.bip.to/
The product is currently being actively beta tested!
The product is currently being actively beta tested!
Good news, guys!
Tendermint has finished development and is now undergoing the final code audit (https://cosmos.network/roadmap).
We have also finished working on the Minter blockchain core. There are two Testnets ahead: the first will introduce adjustments to the mempool logic, and the second will be the final one running on Tendermint v1.0. After the final Testnet has been operating stably for a few weeks, we will launch the Mainnet. 🚀
Tendermint has finished development and is now undergoing the final code audit (https://cosmos.network/roadmap).
We have also finished working on the Minter blockchain core. There are two Testnets ahead: the first will introduce adjustments to the mempool logic, and the second will be the final one running on Tendermint v1.0. After the final Testnet has been operating stably for a few weeks, we will launch the Mainnet. 🚀