Atomiq Litepaper
  • Atomiq Litepaper
    • Introduction
    • Why Mintlayer?
    • Introduction to Atomic Swaps
    • Atomiq Suite
    • Atomiq DEX
    • Atomiq Pad
    • Atomiq Wallet
    • Atomiq Bridge
    • Roadmap
    • $ATMQ Token
    • Team
    • Summary
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  1. Atomiq Litepaper

Why Mintlayer?

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Last updated 10 months ago

In the evolving DeFi landscape, Atomiq DeFi has chosen to build on Mintlayer, a newly launched layer 2 sidechain for Bitcoin. Mintlayer's unique Bitcoin-inspired architecture makes it the perfect foundation for Atomiq DeFi to unlock the full potential of DeFi on Bitcoin while providing a secure and user-friendly experience.

Security and Simplicity Atomiq DeFi chose to build on Mintlayer protocol because it emphasizes security, simplicity, and reliability. Mintlayer's architecture, inspired by Bitcoin, prioritizes simplicity over flexibility, utilizing non-Turing complete smart contracts and a UTXO model. UTXO’s help to enhances privacy, reliability and security while non-turing complete smart contracts simplify audits and reducing potential vulnerabilities.

Robust Architecture and Testing Mintlayer's development team has invested heavily in creating a robust architecture and conducting thorough testing. The use of Rust programming language for node development ensures speed and security, with its unique features like the borrowing system and thread safety guarantees.

Atomic Swaps and Reduced Risk Mintlayer's focus on Atomic Swaps provides a more secure alternative to traditional token bridges, pegged tokens, wrapped tokens, or federated tokens. Atomic Swaps have fewer attack vectors, reducing users' risk of hacks or exploits.

CertiK Security Audit Mintlayer has undergone a rigorous security audit by CertiK, achieving an AA security score (in the top 10% of audited projects). The audit included a code review, KYC Gold verification, and formal verification, validating the platform's security and trustworthiness.

By leveraging Mintlayer's security features, robust architecture, and the ability to swap with Bitcoin directly, Atomiq DeFi can provide users with a reliable and secure DeFi ecosystem. Learn more about Mintlayer at: | |

Mintlayer.org
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