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Topic
Board Tokens (Altcoins)
Merits 1 from 1 user
Re: [ANN] Mintlayer - Decentralized Finance on Bitcoin | DEX | Tokenization
by
Alberto De Luigi
on 05/11/2021, 13:04:34 UTC
⭐ Merited by soliton (1)
~
Tnx, I'm trying to dive dipper into Mintlayer tech and have learned that  users have the option to "create a transfer, opting in for peer-to-peer batching". Does it mean that if he/she makes the asset  transfer the pertaining transaction will be batched into a single coinjoin trx created with other Mintlayer users? If  that's the case then  the resulting coinjoin transaction will bring the privacy to the table, if I'm not wrong.

yes exactly, that functionality is not yet implemented in the testnet launched the 10th of november (which has just a few basic functions like receive, transfer, create a new token etc.), and it won't even be ready with the mainnet expected in Q1 2022 (the entire development roadmap actually covers 3 years, including lightning network and confidential transactions), but we already have implemented BLS signature on Substrate specifically to aggregate transactions. Here you can find a few info about that: https://www.mintlayer.org/news/2021-05-17-why-mintlayer-adopts-bls-signature/

The idea is to develop a coinjoin functionality in the Bitcoin/Mintlayer wallet like Wasabi does, with the important difference that transactions coinjoined are much - much! - lower in size! That means that users have convenience in batching/coinjoining their transactions together, 'cause they will save money! : )
This will prodive an incentive for everybody to mix coins and - in the end - it will really foster the privacy of the network