Mintlayer is setting a new benchmark in decentralised finance (DeFi) by launching its revolutionary ZK Thunder Network Testnet, a cutting-edge Layer 3 scaling solution powered by zero-knowledge (ZK) rollup technology. This innovative upgrade is designed to boost transaction speeds, slash network fees, and seamlessly integrate Ethereum Virtual Machine (EVM)-compatible smart contracts within the Mintlayer ecosystem.
ZK Thunder stands out by addressing common blockchain limitations like slow transaction speeds and network congestion. By processing transactions every second and consolidating them into compact zero-knowledge proofs, the new solution significantly cuts down network costs while enhancing user privacy and efficiency.
The Mintlayer team describes this launch as a transformational milestone, affirming their vision: “We connect the money of the future, Bitcoin, with real-world wealth to make markets fairer, more transparent, and universally accessible.” This ambitious initiative equips developers with the tools needed to create scalable, user-friendly DeFi applications that combine Bitcoin’s security with Ethereum’s smart contract flexibility.
The integration of EVM-compatible smart contracts positions Mintlayer as a key player in blockchain interoperability, promising to attract a wide spectrum of developers and innovators from the Ethereum community. Developers can now easily transition existing Ethereum projects into Mintlayer’s secure and scalable ecosystem.
Committed to maintaining robust security standards, Mintlayer has teamed up with blockchain security leader CertiK to launch a rigorous bug bounty programme. This partnership encourages cybersecurity professionals and ethical hackers globally to test the network thoroughly, ensuring optimal protection against vulnerabilities.
Simultaneously, Mintlayer continues supporting blockchain innovation through its Ecosystem Grant Programme, funding projects dedicated to enhancing Bitcoin-based DeFi applications and solutions.
With ZK Thunder Network’s testnet now operational, Mintlayer welcomes developers and blockchain enthusiasts to actively participate, explore its capabilities, and shape the future of scalable decentralised applications.
Mintlayer founder and CEO, Enrico Rubboli, encapsulated the vision perfectly: “We connect the money of the future, Bitcoin, with real-world wealth to make markets more fair, transparent, and accessible to all.”
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