DEV
The DEV coin is designed to reward developers who contribute to Minter’s progress. Depending on the quality and type of your submission, you may be awarded up to 1,000 DEV coins.
What do I get DEV for?
– Articles, tutorials, educational videos
– Tools, SDKs
– Services
– PRs to the MinterTeam repository
– Activity in chats
What can the DEV coin offer?
– 1 DEV = 100 BIP, the coin can be sold freely
– Badges and links to your works shown in the id.minter.org profile
– Participation in the minter.org’s global developer ranking
– Addresses with over 100 DEV take part in sponsor giveaways organized every month
What are the requirements?
– Interface/text in English or Russian
– Documentation (if any) in English
The website where you can apply for a DEV grant will be launched by the end of summer.
The DEV coin is designed to reward developers who contribute to Minter’s progress. Depending on the quality and type of your submission, you may be awarded up to 1,000 DEV coins.
What do I get DEV for?
– Articles, tutorials, educational videos
– Tools, SDKs
– Services
– PRs to the MinterTeam repository
– Activity in chats
What can the DEV coin offer?
– 1 DEV = 100 BIP, the coin can be sold freely
– Badges and links to your works shown in the id.minter.org profile
– Participation in the minter.org’s global developer ranking
– Addresses with over 100 DEV take part in sponsor giveaways organized every month
What are the requirements?
– Interface/text in English or Russian
– Documentation (if any) in English
The website where you can apply for a DEV grant will be launched by the end of summer.
Forwarded from Webcounters (webcounters)
Minter Network explorer Knife.io
• Validator ranking: Stability indicators, uptime, delegation history, missed block signatures, and fines updated in real time
• Blockchain explorer: Transaction table filtered by type and updated in real time
• Coins: Coin list and current exchange rates for Minter-powered coins with daily, hourly, and minutely charts; transaction history, top delegators and validators for each coin, and coin’s real price in delegation
• Addresses: Balance, delegation list, wallet’s capitalization, filtered transaction table
• Validator ranking: Stability indicators, uptime, delegation history, missed block signatures, and fines updated in real time
• Blockchain explorer: Transaction table filtered by type and updated in real time
• Coins: Coin list and current exchange rates for Minter-powered coins with daily, hourly, and minutely charts; transaction history, top delegators and validators for each coin, and coin’s real price in delegation
• Addresses: Balance, delegation list, wallet’s capitalization, filtered transaction table
www.knife.io
Coming Soon
This is a default index page for a new domain.
Forwarded from Minter Network
Minter 1.2
⠀
Three successful voting rounds on, Minter 1.2 functionality is now in the final stages of development as we’re working to adapt all the services, SDKs, and applications.
Key Takeaways:
• No more unbond coins
• Coins can now be “recreated”
• Max. number of validators: 64
• You can now change the owner for a multisig wallet
• BIP price brought on-chain
• Ability to modify validator’s public key
Learn more in Daniil Lashin’s latest article »
⠀
Three successful voting rounds on, Minter 1.2 functionality is now in the final stages of development as we’re working to adapt all the services, SDKs, and applications.
Key Takeaways:
• No more unbond coins
• Coins can now be “recreated”
• Max. number of validators: 64
• You can now change the owner for a multisig wallet
• BIP price brought on-chain
• Ability to modify validator’s public key
Learn more in Daniil Lashin’s latest article »
Medium
Minter 1.2
Minter 1.2: Main Changes
Minter Blockchain Important News
On October 19, 2020, the network successfully upgraded to version 1.2. Since then, over 450,000 blocks have been generated. No critical issues have been detected. Thank you to all developers and validators who quickly updated their services!
Some news:
1. Golang security fix
On November 12, the Go language developer team released a vital update that eliminated a couple of vulnerabilities. One of the changes fixed the processing of large numbers that was causing applications to crash: crypto/rsa.VerifyPSS, crypto/rsa.VerifyPKCS1v15, and crypto/dsa.Verify might panic when provided crafted public keys and signatures.
We have re-compiled the v1.2.0 release with the latest version of Go (v1.15.5) so developers and validators can update their nodes. We suggest that you run tests on non-critical services before updating the main ones.
2. 1.2.1 Update
After the nodes moved onto v1.2, we have noticed quick increase in disk space consumption. After investigating, it became evident the problem was with the storage developed by Tendermint. Member of our core team submitted a pull request that was merged shortly afterwards. This fix will be included with Minter Node v1.2.1. To reduce the size of the base, it will be necessary to sync the node from scratch.
Full list of improvements:
-
- Increasing disk space issue resolved
- Minor Console bugs fixed
- Auto-load of minter-mainnet-3 genesis
Release Candidate: https://github.com/MinterTeam/minter-go-node/releases/tag/v1.2.1-rc5
We suggest that you run tests on non-critical services before updating the main ones.
3. Problem with Coin Owners
All coins that had been created using the most recent instructions were assigned an owner in network v1.2. Due to an error in genesis, however, some coins with other parameters (but with 100% of supply on one address) didn’t get an owner. A total of 64 coins have been affected.
We’re aware of the issue and will resolve it in one of the upcoming updates. That will require a simultaneous update of all validators.
Plans:
1. Blockchain security audit. We’ve prepared the node’s code for audit and plan to send out applications to several companies that could run it.
2. 2.0 development. We’re working on Minter 2.0 architecture and functionality and will soon publish a detailed document with description.
3. Minter HUB development. Minter HUB is a cross-chain bridge with smart contracts (between Minter and Ethereum in the first place). The solution is unique in that all operations are made in a single transaction, which can be signed both from within Minter (e.g., exchange of any custom coin for one of the numerous ERC-20 tokens) and Ethereum (e.g., buying BIP for USDT).
🚀
On October 19, 2020, the network successfully upgraded to version 1.2. Since then, over 450,000 blocks have been generated. No critical issues have been detected. Thank you to all developers and validators who quickly updated their services!
Some news:
1. Golang security fix
On November 12, the Go language developer team released a vital update that eliminated a couple of vulnerabilities. One of the changes fixed the processing of large numbers that was causing applications to crash: crypto/rsa.VerifyPSS, crypto/rsa.VerifyPKCS1v15, and crypto/dsa.Verify might panic when provided crafted public keys and signatures.
We have re-compiled the v1.2.0 release with the latest version of Go (v1.15.5) so developers and validators can update their nodes. We suggest that you run tests on non-critical services before updating the main ones.
2. 1.2.1 Update
After the nodes moved onto v1.2, we have noticed quick increase in disk space consumption. After investigating, it became evident the problem was with the storage developed by Tendermint. Member of our core team submitted a pull request that was merged shortly afterwards. This fix will be included with Minter Node v1.2.1. To reduce the size of the base, it will be necessary to sync the node from scratch.
Full list of improvements:
-
old_coin_symbol and old_coin_id tags added to the RecreateCoin transaction- Increasing disk space issue resolved
- Minor Console bugs fixed
- Auto-load of minter-mainnet-3 genesis
Release Candidate: https://github.com/MinterTeam/minter-go-node/releases/tag/v1.2.1-rc5
We suggest that you run tests on non-critical services before updating the main ones.
3. Problem with Coin Owners
All coins that had been created using the most recent instructions were assigned an owner in network v1.2. Due to an error in genesis, however, some coins with other parameters (but with 100% of supply on one address) didn’t get an owner. A total of 64 coins have been affected.
We’re aware of the issue and will resolve it in one of the upcoming updates. That will require a simultaneous update of all validators.
Plans:
1. Blockchain security audit. We’ve prepared the node’s code for audit and plan to send out applications to several companies that could run it.
2. 2.0 development. We’re working on Minter 2.0 architecture and functionality and will soon publish a detailed document with description.
3. Minter HUB development. Minter HUB is a cross-chain bridge with smart contracts (between Minter and Ethereum in the first place). The solution is unique in that all operations are made in a single transaction, which can be signed both from within Minter (e.g., exchange of any custom coin for one of the numerous ERC-20 tokens) and Ethereum (e.g., buying BIP for USDT).
🚀
Forwarded from Webcounters (webcounters)
☕️ Kotlin/Java library for standard bip39-address-key2value
GitHub
GitHub - counters/bip39-address-key2value.kt: Kotlin implementation for bip39-address-key2value
Kotlin implementation for bip39-address-key2value. Contribute to counters/bip39-address-key2value.kt development by creating an account on GitHub.
Minter Go Node 1.2.1 Update
After the nodes moved onto v1.2, we have noticed quick increase in disk space consumption. After investigating, it became evident the problem was with the storage developed by Tendermint. Member of our core team submitted a pull request that was merged shortly afterward. This fix has been included with Minter Node v1.2.1. To reduce the size of the base, it is necessary to sync the node from scratch.
Full list of improvements:
- Commissions have been adjusted to the market conditions, eliminating the possibility of carrying out spam attacks on the network
-
- Increasing disk space issue resolved
- Console bugs fixed
- Auto-load of minter-mainnet-3 genesis
https://github.com/MinterTeam/minter-go-node/releases/tag/v1.2.1
After the nodes moved onto v1.2, we have noticed quick increase in disk space consumption. After investigating, it became evident the problem was with the storage developed by Tendermint. Member of our core team submitted a pull request that was merged shortly afterward. This fix has been included with Minter Node v1.2.1. To reduce the size of the base, it is necessary to sync the node from scratch.
Full list of improvements:
- Commissions have been adjusted to the market conditions, eliminating the possibility of carrying out spam attacks on the network
-
old_coin_symbol and old_coin_id tags added to the RecreateCoin transaction- Increasing disk space issue resolved
- Console bugs fixed
- Auto-load of minter-mainnet-3 genesis
https://github.com/MinterTeam/minter-go-node/releases/tag/v1.2.1
Hi, everyone! Daniil Lashin here.
As 2020 nears its end, I’ve got some great news to share. Today is a very special day because we’re launching a public demo of Minter Hub. Hub is the next step in building the Internet of Money. It will interconnect Minter with other leading networks, starting with Ethereum.
You’ll be able to transfer literally any coin from Ethereum right to your BIP Wallet. They are: the ETH itself, stablecoins (USDT, USDC, …), wrapped BTC, tokenized assets (shares of companies, etc.), DeFi coins, and others.
More detail: https://daniillashin.medium.com/e06f4efca51d
As 2020 nears its end, I’ve got some great news to share. Today is a very special day because we’re launching a public demo of Minter Hub. Hub is the next step in building the Internet of Money. It will interconnect Minter with other leading networks, starting with Ethereum.
You’ll be able to transfer literally any coin from Ethereum right to your BIP Wallet. They are: the ETH itself, stablecoins (USDT, USDC, …), wrapped BTC, tokenized assets (shares of companies, etc.), DeFi coins, and others.
More detail: https://daniillashin.medium.com/e06f4efca51d
Medium
Minter Hub
Minter Hub public demo announcement.
🚀 First Cross-Chain Transfers on Minter Mainnet!
Yesterday, as part of Minter Hub testing, the first transfers were sent from Minter to Ethereum and the other way around. It was the first step to launching a full-fledged Internet of Money that will allow to buy and sell any digital asset right within BIP Wallet. It will also let you create coins and loyalty points—traded against USDT, BTC, ETH, BIP, and any other asset by default—in minutes. Sending any mirrored coin (USDT, wBTC, wETH) will take minimum fees and a confirmation time of about five seconds.
Ethereum -> Minter:
1. Send
2. Receive
Minter -> Ethereum:
1. Send
2. Receive
With Minter Hub, you’ll be able to transfer literally any coin from Ethereum to Minter. They are: the ETH itself, stablecoins (USDT, USDC, …), wrapped BTC, tokenized assets (shares of companies, etc.), DeFi coins, and others. Minter Hub validators will get 1% on the fees charged for moving coins from Minter to Ethereum and vice versa.
When running tests, we used the LASHIN coin, for which we issued an ERC-20 token on Ethereum. This clearly shows that mirroring can be done on either of the networks. Transfer of LASHIN and CHAIN from Minter to Ethereum and the other way around will be available to everyone once the UI development is finished. For these coins, the pairs will be launched on the Uniswap protocol, meaning anyone will be able to exchange them for USDT in a completely decentralized way.
For making these transfers happen, Minter Hub validators got 1% of the fees. The fee for sending transactions to Ethereum will be paid by the user separately (this functionality is underway).
A few technicalities
Minter Hub is based on Cosmos SDK and a modified Peggy solution that’s developed by the Cosmos team.
Minter Hub is supported by validators, here’s what they launch on their servers:
- Minter node
- Ethereum node
- Minter Hub node
- Ethereum Orchestrator, software that monitors the events on the Ethereum network and broadcasts them onto Minter Hub. It’s also responsible for sending withdrawal transactions to Ethereum.
- Minter Orchestrator, software that monitors the events on the Minter network and broadcasts them onto Minter Hub. It’s also responsible for sending withdrawal transactions to Minter.
Mirrored coins are locked on the MultiSig accounts of Minter Hub validators up until they are requested to be withdrawn.
Why is this one of the most important milestones in Minter’s history?
1. Minter becomes the easiest way to enter the crypto space. Fast and cheap transfers for most digital assets, interfaces that are easy to understand.
2. The bigger number of transactions and bigger gains for validators and delegators. With the arrival of Minter 2.0, the fees will be adjusted to the market, meaning that returns from the fees might surpass those from generating new blocks.
3. BIP holders get an opportunity to benefit from the exchange operations inside Minter carried out via the Uniswap protocol.
4. HUB holders get 1% on the fees charged for transferring coins from Ethereum to Minter and vice versa.
5. Last but not least: all Minter-powered coins become exchangeable with USDT, ETH, BTC, and other digital assets. All that in five seconds and at super-low fees.
Yesterday, as part of Minter Hub testing, the first transfers were sent from Minter to Ethereum and the other way around. It was the first step to launching a full-fledged Internet of Money that will allow to buy and sell any digital asset right within BIP Wallet. It will also let you create coins and loyalty points—traded against USDT, BTC, ETH, BIP, and any other asset by default—in minutes. Sending any mirrored coin (USDT, wBTC, wETH) will take minimum fees and a confirmation time of about five seconds.
Ethereum -> Minter:
1. Send
2. Receive
Minter -> Ethereum:
1. Send
2. Receive
With Minter Hub, you’ll be able to transfer literally any coin from Ethereum to Minter. They are: the ETH itself, stablecoins (USDT, USDC, …), wrapped BTC, tokenized assets (shares of companies, etc.), DeFi coins, and others. Minter Hub validators will get 1% on the fees charged for moving coins from Minter to Ethereum and vice versa.
When running tests, we used the LASHIN coin, for which we issued an ERC-20 token on Ethereum. This clearly shows that mirroring can be done on either of the networks. Transfer of LASHIN and CHAIN from Minter to Ethereum and the other way around will be available to everyone once the UI development is finished. For these coins, the pairs will be launched on the Uniswap protocol, meaning anyone will be able to exchange them for USDT in a completely decentralized way.
For making these transfers happen, Minter Hub validators got 1% of the fees. The fee for sending transactions to Ethereum will be paid by the user separately (this functionality is underway).
A few technicalities
Minter Hub is based on Cosmos SDK and a modified Peggy solution that’s developed by the Cosmos team.
Minter Hub is supported by validators, here’s what they launch on their servers:
- Minter node
- Ethereum node
- Minter Hub node
- Ethereum Orchestrator, software that monitors the events on the Ethereum network and broadcasts them onto Minter Hub. It’s also responsible for sending withdrawal transactions to Ethereum.
- Minter Orchestrator, software that monitors the events on the Minter network and broadcasts them onto Minter Hub. It’s also responsible for sending withdrawal transactions to Minter.
Mirrored coins are locked on the MultiSig accounts of Minter Hub validators up until they are requested to be withdrawn.
Why is this one of the most important milestones in Minter’s history?
1. Minter becomes the easiest way to enter the crypto space. Fast and cheap transfers for most digital assets, interfaces that are easy to understand.
2. The bigger number of transactions and bigger gains for validators and delegators. With the arrival of Minter 2.0, the fees will be adjusted to the market, meaning that returns from the fees might surpass those from generating new blocks.
3. BIP holders get an opportunity to benefit from the exchange operations inside Minter carried out via the Uniswap protocol.
4. HUB holders get 1% on the fees charged for transferring coins from Ethereum to Minter and vice versa.
5. Last but not least: all Minter-powered coins become exchangeable with USDT, ETH, BTC, and other digital assets. All that in five seconds and at super-low fees.
⚛️ Cosmos SDK Security Patch by Minter Team
While developing Minter Hub, we located a critical bug in Cosmos SDK: a malicious actor could halt the operation of any public node with a 100-percent guarantee. We reported the issue in detail and informed Cosmos developers of our finding. Their team has released an update to eliminate this vulnerability:
https://github.com/cosmos/cosmos-sdk/releases/tag/v0.41.1
"This release includes two security patches, and does not introduce any breaking changes. It is highly recommended that all applications using v0.41.0 upgrade to v0.41.1 as soon as possible."
Our core team has been actively contributing to the Tendermint development since the very beginning: 6 issues, 1 global architecture proposal, 7 pull requests. And now we are excited to have the opportunity to help improve Cosmos SDK, too.
P.S.: Since Minter blockchain does not utilize Cosmos SDK, the identified problem does not affect it.
While developing Minter Hub, we located a critical bug in Cosmos SDK: a malicious actor could halt the operation of any public node with a 100-percent guarantee. We reported the issue in detail and informed Cosmos developers of our finding. Their team has released an update to eliminate this vulnerability:
https://github.com/cosmos/cosmos-sdk/releases/tag/v0.41.1
"This release includes two security patches, and does not introduce any breaking changes. It is highly recommended that all applications using v0.41.0 upgrade to v0.41.1 as soon as possible."
Our core team has been actively contributing to the Tendermint development since the very beginning: 6 issues, 1 global architecture proposal, 7 pull requests. And now we are excited to have the opportunity to help improve Cosmos SDK, too.
P.S.: Since Minter blockchain does not utilize Cosmos SDK, the identified problem does not affect it.
Binance Smart Chain @ Minter Hub
Transaction costs on the Ethereum network keep breaking new records: up to $100 for exchange operations and up to $20 for coin transfers.
That’s why the Minter Team has decided to additionally connect the Binance Smart Chain network as part of Minter Hub. This will make digital assets transferable not only between Minter and Ethereum, but between Minter and Binance Smart Chain as well. BSC will also provide Minter users with an opportunity to access even more digital assets.
BSC is based on EVM, which means we’ll be able to use what we’ve already developed for integration. At the moment, we’re running tests to see how compatible the current version of Minter Hub is with BSC.
Transaction costs on the Ethereum network keep breaking new records: up to $100 for exchange operations and up to $20 for coin transfers.
That’s why the Minter Team has decided to additionally connect the Binance Smart Chain network as part of Minter Hub. This will make digital assets transferable not only between Minter and Ethereum, but between Minter and Binance Smart Chain as well. BSC will also provide Minter users with an opportunity to access even more digital assets.
BSC is based on EVM, which means we’ll be able to use what we’ve already developed for integration. At the moment, we’re running tests to see how compatible the current version of Minter Hub is with BSC.
Media is too big
VIEW IN TELEGRAM
🚀 Before starting public tests, we’d like to offer you a little sneak peek at cross-chain Minter<->Ethereum transfers.
The magic happening in the video is not just simple in its nature, but also fully decentralized.
The magic happening in the video is not just simple in its nature, but also fully decentralized.
👨💻 Bug Bounty
We are reminding you that Minter has an ongoing program for rewarding those who help us locate vulnerabilities and errors. Until the release of Minter 2, we’ve increased the reward threefold. The total budget of the program is 3,000,000 BIP.
You can find the list of changes to be tested in the first place here.
Discovered bugs can be reported to @danillashin or in @MinterDevChat.
We are reminding you that Minter has an ongoing program for rewarding those who help us locate vulnerabilities and errors. Until the release of Minter 2, we’ve increased the reward threefold. The total budget of the program is 3,000,000 BIP.
You can find the list of changes to be tested in the first place here.
Discovered bugs can be reported to @danillashin or in @MinterDevChat.
Many of you have heard that in Minter 2, you’ll be able to store, transfer, and exchange most of the major digital assets (e.g., BTC, ETH, BNB, USDC). But how have we achieved that?
Learn more about how Minter Hub works here:
https://daniillashin.medium.com/minter-hub-bridge-to-ethereum-binance-smart-chain-dd78cde2ad51
Learn more about how Minter Hub works here:
https://daniillashin.medium.com/minter-hub-bridge-to-ethereum-binance-smart-chain-dd78cde2ad51
🔗 BIPx Launch Stages
In short: to get BIPx (BIP mirrored on Ethereum and Binance Smart Chain) among the first, one will need to deposit BIP onto the multisig addresses of Minter validators. Those addresses will be created soon. BIPx will be accrued using the FIFO method (i.e., on a first-come, first-served basis). Early participants will have a significant head start.
BIPx Opportunities
- It’ll become a gateway to the new money-making opportunities offered by the world’s leading DeFi protocols
- It’ll be possible to lend BIPx, make deposits, add to liquidity pools, and use as collateral to take out loans in BTC, ETH, USDT, etc.
- Token will be submitted for listing on both decentralized and centralized exchanges
- It can all be managed via regular Minter wallets
1. Preparation
- The top four Minter validators will create two multi-signature addresses on Minter: one for depositing BIP and exchanging it for BIPx on Ethereum, and the other one, on Binance Smart Chain.
- Anyone will be able to send BIP to these addresses in order to receive BIPx on a chosen network.
⚠️ Alert: you can transfer BIP only from a wallet you have a seed phrase to. Do not transfer BIP from third-party services and exchanges; otherwise, you’ll lose access to your funds ⚠️
2. Initial issuance
- Trusted parties (top 4 validators) must ensure that Minter Hub and BIPx infrastructures are operationally ready. After that, they’ll either move the accumulated BIP to the multisig address of Minter Hub or return the deposits.
- BIPx will then be issued on the two networks and gradually distributed. Using the FIFO method (i.e., on a first-come, first-served basis), BIPx will be accrued to the addresses of those who deposited their BIP.
- First votes on placements in DeFi services and listings will follow shortly afterwards.
3. Integration
Integration of hand-picked services into Minter wallets.
4. One-way exchangeability
Once the infrastructure has been debugged, the instant swapping of BIPx for BIP will become available.
5. Unlimited exchangeability
Next, we’ll introduce the ability to fully and freely swap BIP for BIPx and vice versa for the rest of the community.
Learn more about BIPx: https://medium.com/@MinterTeam/how-to-make-money-on-defi-with-bipx-17905b034285
In short: to get BIPx (BIP mirrored on Ethereum and Binance Smart Chain) among the first, one will need to deposit BIP onto the multisig addresses of Minter validators. Those addresses will be created soon. BIPx will be accrued using the FIFO method (i.e., on a first-come, first-served basis). Early participants will have a significant head start.
BIPx Opportunities
- It’ll become a gateway to the new money-making opportunities offered by the world’s leading DeFi protocols
- It’ll be possible to lend BIPx, make deposits, add to liquidity pools, and use as collateral to take out loans in BTC, ETH, USDT, etc.
- Token will be submitted for listing on both decentralized and centralized exchanges
- It can all be managed via regular Minter wallets
1. Preparation
- The top four Minter validators will create two multi-signature addresses on Minter: one for depositing BIP and exchanging it for BIPx on Ethereum, and the other one, on Binance Smart Chain.
- Anyone will be able to send BIP to these addresses in order to receive BIPx on a chosen network.
⚠️ Alert: you can transfer BIP only from a wallet you have a seed phrase to. Do not transfer BIP from third-party services and exchanges; otherwise, you’ll lose access to your funds ⚠️
2. Initial issuance
- Trusted parties (top 4 validators) must ensure that Minter Hub and BIPx infrastructures are operationally ready. After that, they’ll either move the accumulated BIP to the multisig address of Minter Hub or return the deposits.
- BIPx will then be issued on the two networks and gradually distributed. Using the FIFO method (i.e., on a first-come, first-served basis), BIPx will be accrued to the addresses of those who deposited their BIP.
- First votes on placements in DeFi services and listings will follow shortly afterwards.
3. Integration
Integration of hand-picked services into Minter wallets.
4. One-way exchangeability
Once the infrastructure has been debugged, the instant swapping of BIPx for BIP will become available.
5. Unlimited exchangeability
Next, we’ll introduce the ability to fully and freely swap BIP for BIPx and vice versa for the rest of the community.
Learn more about BIPx: https://medium.com/@MinterTeam/how-to-make-money-on-defi-with-bipx-17905b034285
🌮 Minter 1 -> Minter 2: Mainnet Data Migration Test
Starting from block 2 544 192, Taconet has been running on data from the main network. Unlike in previous updates, the numeration didn’t start anew.
We have also created the MNT-USDC liquidity pool and made all fees expressed in the U.S. dollar (here you can find costs for each transaction on the network).
‼️ Reminder: Do not enter your primary mainnet wallet’s seed phrase into the test Console. To view balances and stakes, visit Explorer.
We’ll launch several more validators shortly. To maximize loads while testing, we’ll intentionally put the network in the most challenging environment: validator servers located as far away from each other as possible, weak hardware, etc.
The node’s build and genesis can be accessed here.
Starting from block 2 544 192, Taconet has been running on data from the main network. Unlike in previous updates, the numeration didn’t start anew.
We have also created the MNT-USDC liquidity pool and made all fees expressed in the U.S. dollar (here you can find costs for each transaction on the network).
‼️ Reminder: Do not enter your primary mainnet wallet’s seed phrase into the test Console. To view balances and stakes, visit Explorer.
We’ll launch several more validators shortly. To maximize loads while testing, we’ll intentionally put the network in the most challenging environment: validator servers located as far away from each other as possible, weak hardware, etc.
The node’s build and genesis can be accessed here.
Our developer Sergey Klimov sheds light on every change and new feature that will come with Minter 2: https://youtu.be/hUx6rZLD_ok.
Article | Node PR | Documentation PR
Article | Node PR | Documentation PR
🔗 On-Chain AMM with Order Book
Minter 2 will revolutionize the DeFi protocols with its On-Chain Automated Market Maker with Order Book (AMMOB).
Traders will be able to create fixed-price orders in the AMM liquidity pools without having to give up the benefits of those pools.
AMMOB will do great for exchanging stablecoins, for example, USDT for USDC. One will have an opportunity to create an order to buy $1,000,000 worth of USDT for USDC at 1% below the market and later sell it at 1% above. Compared to the traditional AMM pools, AMMOBs have better liquidity: in some areas, the price curve becomes a horizontal line.
The blockchain fees (spread among validators and delegators): $0.08 for creating an order and $0.01 for canceling it. An additional 0.2% on the volume that has been filled goes to a liquidity pool (or liquidity providers). The fees can be paid in any token issued on the network.
Learn More: https://medium.com/@MinterTeam/minter-2-on-chain-automated-market-maker-with-order-book-e29b19fc365f
Minter 2 will revolutionize the DeFi protocols with its On-Chain Automated Market Maker with Order Book (AMMOB).
Traders will be able to create fixed-price orders in the AMM liquidity pools without having to give up the benefits of those pools.
AMMOB will do great for exchanging stablecoins, for example, USDT for USDC. One will have an opportunity to create an order to buy $1,000,000 worth of USDT for USDC at 1% below the market and later sell it at 1% above. Compared to the traditional AMM pools, AMMOBs have better liquidity: in some areas, the price curve becomes a horizontal line.
The blockchain fees (spread among validators and delegators): $0.08 for creating an order and $0.01 for canceling it. An additional 0.2% on the volume that has been filled goes to a liquidity pool (or liquidity providers). The fees can be paid in any token issued on the network.
Learn More: https://medium.com/@MinterTeam/minter-2-on-chain-automated-market-maker-with-order-book-e29b19fc365f
Upgrading to Version 2 of Minter: Step-by-Step
Together with validators and community members, the Minter team is about to finish testing the functionality of Minter 2 and Minter Hub.
Minter 2 will allow for trading in leading cryptocurrencies, tokens, and digital assets. It won’t be storing your funds, while all trades will be 100% decentralized and processed for $0.03+0.2% via an automated market maker in five seconds.
To make the launch as secure and smooth as possible, we’ve decided to split it into the following stages:
1. Minter 2 Mainnet launch: the full functionality of the Minter 2 blockchain will be available on April 12, 2021.
2. AMMOB launch: the roll-out of On-Chain Automated Market Maker with Order Book is expected in 1–2 weeks after the main network is up.
3. Hub launch: the Minter Hub network is set to go live on April 19, 2021.
4. Addition of several coins issued on Minter (e.g., LASHIN and CHAIN) to Hub: once the Minter Hub network is operational, validators will vote to determine several coins to test cross-chain transfers. That will trigger the beginning of protocol’s final testing phase.
5. Addition of HUB: once LASHIN and CHAIN have been successfully integrated, HUB will follow.
6. Addition of USDC: once HUB has been successfully integrated, USDC will follow.
7. Fixing of M2 fees in dollars: once USDC is aboard, there’ll be a vote to set USD-expressed fees.
8. Addition of other ERC-20 tokens to Hub: once fees have been fixed in U.S. dollars, a vote will be announced to add more ERC-20 tokens to Minter (wETH, wBTC, USDT, UNI, and others).
9. Connection of Binance Smart Chain.
Together with validators and community members, the Minter team is about to finish testing the functionality of Minter 2 and Minter Hub.
Minter 2 will allow for trading in leading cryptocurrencies, tokens, and digital assets. It won’t be storing your funds, while all trades will be 100% decentralized and processed for $0.03+0.2% via an automated market maker in five seconds.
To make the launch as secure and smooth as possible, we’ve decided to split it into the following stages:
1. Minter 2 Mainnet launch: the full functionality of the Minter 2 blockchain will be available on April 12, 2021.
2. AMMOB launch: the roll-out of On-Chain Automated Market Maker with Order Book is expected in 1–2 weeks after the main network is up.
3. Hub launch: the Minter Hub network is set to go live on April 19, 2021.
4. Addition of several coins issued on Minter (e.g., LASHIN and CHAIN) to Hub: once the Minter Hub network is operational, validators will vote to determine several coins to test cross-chain transfers. That will trigger the beginning of protocol’s final testing phase.
5. Addition of HUB: once LASHIN and CHAIN have been successfully integrated, HUB will follow.
6. Addition of USDC: once HUB has been successfully integrated, USDC will follow.
7. Fixing of M2 fees in dollars: once USDC is aboard, there’ll be a vote to set USD-expressed fees.
8. Addition of other ERC-20 tokens to Hub: once fees have been fixed in U.S. dollars, a vote will be announced to add more ERC-20 tokens to Minter (wETH, wBTC, USDT, UNI, and others).
9. Connection of Binance Smart Chain.
Forwarded from Interstake One
🗳Vote for Minter Network Commission Price (Commission Proposal 1.1)
Voting for commissions in the Minter blockchain was launched today.
Voting is divided into several stages, in each of which a certain part of the commissions is changed, grouped according to common characteristics or in accordance with the preliminary consent of the majority of validators.
In the first part (Commission Proposal 1.1), it is proposed to update the commissions for sending, exchanging and delegating transactions:
• Send (send, multisend) ~$0.01
• Exchange (buy/sell coins with reserve and through pools) ~$0.03
• Delegate (delegate, unbond) ~$0.1
At the moment, all transaction fees in Minter will be expressed in BIP, but their prices will be quoted according to the price of $0.02 per BIP.
As soon as Minter Hub is launched, and then USDC stablecoin is added to Minter, the validators will again vote on linking commissions to $.
The updated commissions from the first stage (sending, exchanging and delegating) will take effect on April 15 at ~20:45 UTC on the block 3 341 000 with a set of 66.66%+ of the total vote power of the validators.
⚠️We encourage all Minter validators to submit their votes before the selected commission update block.
You can follow the voting process on this page.
Commission Proposal 1.1 with a full list of parameters and voting instructions for validators — https://learn.btcsecure.io/en/minter/commission-proposal/1-1
Voting for commissions in the Minter blockchain was launched today.
Voting is divided into several stages, in each of which a certain part of the commissions is changed, grouped according to common characteristics or in accordance with the preliminary consent of the majority of validators.
In the first part (Commission Proposal 1.1), it is proposed to update the commissions for sending, exchanging and delegating transactions:
• Send (send, multisend) ~$0.01
• Exchange (buy/sell coins with reserve and through pools) ~$0.03
• Delegate (delegate, unbond) ~$0.1
At the moment, all transaction fees in Minter will be expressed in BIP, but their prices will be quoted according to the price of $0.02 per BIP.
As soon as Minter Hub is launched, and then USDC stablecoin is added to Minter, the validators will again vote on linking commissions to $.
The updated commissions from the first stage (sending, exchanging and delegating) will take effect on April 15 at ~20:45 UTC on the block 3 341 000 with a set of 66.66%+ of the total vote power of the validators.
⚠️We encourage all Minter validators to submit their votes before the selected commission update block.
You can follow the voting process on this page.
Commission Proposal 1.1 with a full list of parameters and voting instructions for validators — https://learn.btcsecure.io/en/minter/commission-proposal/1-1