#10 Tens of millions of transactions daily

In connection with the integration of Minter with the Ethereum and Binance Smart Chain blockchains, a reasonable question arises: Will Minter withstand millions of transactions daily now, and what will happen when the transaction count goes to tens of millions? And the answer here is Yes😎

The concept of Internet of Money implies that digital currencies and assets from different blockchains can be simultaneously located in one blockchain, while everything should be simple, fast, with low fees and reliable.

The Minter blockchain is initially designed for the fact that in one block (~5 seconds) there can be up to 10,000 transactions, and this is up to 172 million different operations per day, primarily such as sending from wallet to wallet or exchanging one asset for another.

Of course, this speed is not the final limit, and closer to the moment when there is a need to expand the bandwidth, Minter will be able to become even faster in its next updates thanks to the work of the team that created and continues to develop the blockchain.

The current bandwidth is more than enough to transfer all current digital currencies and assets to Minter, and there will still be a reserve for the future, because the field of digital finance is still at the beginning of its development.

Minter, as part of a stress test in the main network, proved that it can make tens of millions of transfers per day in the public blockchain.

Why #BIPmore1USD?
- Minter has enough bandwidth with a rate of ~2,000 transactions per second to provide instant execution of transactions of the most popular blockchains combined.
- The bandwidth in Minter is not theoretical, but proved in the stress test of the main network in December 2020.
- There is a great reserve for the future in terms of the speed of the blockchain, and Minter is ready for mass use, so that every user instantly performs operations at any time of the day or night.

🗳Voting 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

✅Updated Minter fees for sending (~$0.01), exchanging (~$0.03), and delegating (~$0.1) are accepted based on the results of the validators’ vote for the Commission Proposal 1.1

BTC.Secure early 2021 report

The beginning of the year was very productive for us and we decided to tell about the main events, most of which we covered only in Russian, so they can be without links.

We launched the BTC.Secure Learn educational portal, actively interacted with the community and held two AMA sessions, opened up the possibilities of liquid staking for HUB and became the #1 validator in Minter Hub. We have released a number of new articles in BTC.Secure Learn about Minter and Terra blockchains, as well as useful video instructions on our YouTube channel (Russian).

FEBRUARY-MARCH

• Released a series of posts with the hashtag #BIPmore1USD describing the benefits of the updated Minter 2 blockchain and why BIP (network’s native token) will be more than $1
• Opened access to the knowledge base with the author’s content — BTC.Secure Learn
• Joined to 16 validators in Minter Hub sidechain
• Published a new article in the knowledge base about liquidity pools and their features

APRIL

• Started testing Minter Hub and announced the preliminary collection of HUB tokens for delegation to the BTC.Secure validator
• Voted for upgrade the Minter network to Minter 2
• Launch of the Minter Start bot, which contains educational materials about the Minter blockchain, including our articles from BTC.Secure Learn
• Updated the validator infrastructure for the Minter 2 version
• Initiated a voting on changing the commissions in the Minter network
• The network commissions were updated after a successful voting
• Launched the Terra blockchain knowledge base in BTC.Secure Learn
• Opened the possibility for delegating HUB tokens and participating in liquid staking via the LIQUIDHUB token
• Minter Hub was successfully launched and the BTC.Secure validator was ready to sign blocks
• Launch of the BTC.Secure validator in Minter Hub — the first validator in the network that signs blocks
• AMA session #1 and answered questions from participants on the topic of Minter Hub
• Published a visual principle of liquid staking by BTC.Secure
• Published the procedure for obtaining LIQUIDHUB tokens and receiving rewards from owning them
• Detailed and accessible explanation of why Minter Hub is needed and how it can be used
• AMA session #2 and answered all questions related to BTC.Secure, Minter, and Minter Hub
• Once again, we explained in detail about liquid staking and the LIQUIDHUB token
• Completed the first stage of collecting HUB tokens at the Liquid Hub address on the Ethereum network for subsequent delegation to the BTC.Secure validator on the Minter Hub network
• Successfully delegated previously collected HUB tokens

MAY

• Launched the second stage of collecting HUB tokens at the Liquid Hub address on the Ethereum network
• Completed the second stage of collecting HUB tokens and delegated them to the BTC.Secure validator on the Minter Hub network
• Published an article and video instructions in BTC.Secure Learn that describes the algorithm of purchase HUB token in PancakeSwap and the providing of liquidity to the pool BNB/HUB
• Published an article and video instructions in BTC.Secure Learn about interaction with liquidity pools in Minter
• Published an article in the knowledge base and recorded a video tutorial about cross-chain transfers between Minter and Ethereum networks
• Sent the first rewards for cross-chain transfers to the holders of LIQUIDHUB tokens
• Published a video tutorial that allows you to take part in an experiment designed to educate users to perform cross-chain transfers, and also on the accompanying farming and lottery for providers of liquidity pool HUBABUBA/HUB
• Published a video tutorial for the purchase of BIP for USDT or USDC via cross-chain transfer from Ethereum to Minter

All articles and videos are currently available only in Russian, but we are already working on creating English-language content.

Stay tuned👋

BTC.Secure Learn

We have launched the knowledge base of Minter, Terra and BTC.Secure.

In the knowledge base you’ll learn to interact with digital currency and assets, learn about the Internet of Money, a concept brought to life by the Minter blockchain, and Terra with its DeFi possibilities, you’ll find information about the activity of BTC.Secure in the sphere of digital finance and you’ll be able to earn rewards from owning of digital assets.

https://learn.btcsecure.io/

📚Useful links, instructions and articles about the Minter blockchain in the BTC.Secure Learn

💰The Internet of Money
— About Minter
— About BIP
— Quick start on Minter
— Minter Advantages
— Using Minter
— Earning money on Minter
— Choosing a validator
— Cross-chain transfers
— Liquidity Pools
— How to create a coin/token

🌉Minter Hub
— About Minter Hub
— About is HUB
— Minter Hub Tokenomics
— Buying HUB
— Liquidity Pools in DeFi

👨🏻‍💻Digital assets on Minter
— Bitcoin (BTC)
— Ethereum (ETH)
— Stablecoins (USDT, USDC, etc.)

👛Wallets
— BIP Wallet
— Minter Console
— Minter Wallet

💸Purchasing and selling BIP
— Minter Pools

🔎Follow the BIP price
— Chainik.io
— CoinMarketCap
— CoinGecko

💵Delegation
— What is it
— Profit calculation
— Unbonding

ℹ️Information services
— Chainik.io
— Minter Explorer
— Minter Status
— Minter Info Bot

🛡BTC.Secure
— BTC.Secure Inc.
— BTC.Secure validator
— BTCSECURE coin
— BTC.Secure loyalty program
— Delegate to BTC.Secure

✅Official resources
— Minter Network
— Minter Development Foundation
— Minter Docs
— Minter on Medium
— Minter on Twitter
— Minter on Instagram

✈️Telegram channels
— Minter
— BTC.Secure
— Evgeny Gordeev
— Minter News (Lastochka)
— BipLenta

👨🏻‍💻For devs
— Minter Dev
— API
— SDK
— GitHub

Stake and earn rewards with 100% SLA guarantee by BTC.Secure

We have published the Staking Services Agreement and are pleased to announce that now each of our delegates has legal guarantees of the quality of service by BTC.Secure validator in full compliance with the laws of the United States, where one of the most advanced regulations of digital currencies and assets is.

High reliability and stability of validators are always a priority for us and from now BTC.Secure guarantees 100% validation stability, which is based on the agreement under which we are responsible for your stakes (100% Service Level Agreement).

Delegate to BTC.Secure, increase the reliability of the network and the value of your stakes:
• BIP staking in the Minter (about us, guide)
• LUNA staking in the Terra (guide)
• IRIS staking in the IRISnet

BTC.Secure achieved the max staking return🔥 for delegators among all validators in #Terra.

We will be grateful for delegating to our validator with 0% commission and 100% rewards guarantee. We have been successfully validating Terra since the genesis and never jailed.

Improve the decentralization of Terra with the most stable validator. This’s the best deal for $LUNA staking right now.

Learn more about BTC.Secure on the official Terra page or the Terra Station.

Operator Address:

terravaloper1ya23p5cxtxwcfdrq4dmd2h0p5nc0vcl96yhjra

Feel free to write your questions about that in our group.

Earlier, we announced 100% guarantee of rewards in #Terra when delegating to the BTC.Secure validator in accordance with the Staking Service Agreement, and, in addition, set 0% validator commission to improve our position in the top.

We are glad to announce that over the past 2 months our position in the top has become stronger, and a huge update Columbus-5 has taken place in the #Terra, which marked the beginning of many new projects in the ecosystem.

#Terra is becoming more popular and is being used by an increasing number of projects, respectively, the requirements for the validator infrastructure are growing. We are seeing the growth of the blockchain database by 14 GB (!) per day since the launch of Columbus-5.

It is important that fast NVMe SSDs are required so that the validator always has time to sign new blocks. These are serious requirements for which the BTC.Secure validator is ready.

After the Columbus-5 update, we invested in improving the validator infrastructure in the #Terra and installed a new productive dedicated server for the validator with 128 GB RAM and with great opportunities to increase the amount of disk space based on fast NVMe SSDs.

Some projects launch airdrops of their tokens for $LUNA stakers, which seriously increases the amount of staking rewards. Projects motivate $LUNA stakers to delegate to small validators, as well as to those with a commission above 0%. All of this for better decentralization.

The more projects in the Terra ecosystem that are used, the higher the responsibility of validators for the reliability and speed of the network. We, as a reliability-oriented validator, contribute to the success of each $LUNA token owner.

And we urge other validators to invest in high-quality infrastructure, as well as to set a commission above 0%, which will allow paying for the reliable infrastructure of the validator and the work of professionals who maintain and develop it.

The load will continue to grow, and we must be ready for this, so that every user will be pleasantly surprised by the speed and stability of services in the Terra ecosystem. It makes sense for $LUNA stakers with long-term interests to support reliable validators.

BTC.Secure still 100% guarantees of rewards for $LUNA stakers.

In order to maintain the current stability and continue to improve it, we will gradually, as the stake increases, change the validator commission by no more than 1% per day.

This week the commission will be 5%.

Thanks to the most stable and reliable infrastructure of the BTC.Secure, we with our delegators, will further strengthen the reliability of the #Terra, which is important to every who expects a long-term increase in the value of the network and the price of the $LUNA.

Improve the decentralization of #Terra by delegating $LUNA tokens to the BTC.Secure with 100% guarantee of rewards.

We validate the #Terra since the genesis and have actually shown the highest level of stability.

Our profile in the Terra Station »

🚀BTC.Secure validator on the #Terra network has reached a stake of ~1.5M LUNA (~$65M).

Since the publication of the last post about Terra, there has been a significant increase in the validator's stake: 185K -> 1.5M LUNA.

We previously wrote that we will gradually, as the size of the stake increases, change the validator's commission and, at the moment, we have already reached a commission value of 5%, as planned at the first stage.

Today we want to inform you that due to the growth of the stake by 8 times, we will continue to increase the commission by 1% per day until the target commission of 10% is reached, which will become permanent and will no longer increase.

All this in order to comply with the highest, world-wide, quality standards and guarantee 100% validation stability in #Terra.

$LUNA staking becomes even more attractive against the background of the launch of the decentralized cross-chain bridge Wormhole V2 and the upcoming expansion of the $UST stablecoin in the Ethereum, BSC and Solana networks, the activity of using which directly affects the growth of the $LUNA price by burning tokens when printing new $UST.

The use of $UST in DeFi of various networks is growing📈 -> the demand for printing new $UST is higher🏦 -> more burning of the $LUNA token🔥 -> the $LUNA price is growing🚀

$UST is a strong candidate for #1 place among decentralized stablecoins (already ~$2.7B capitalization) and, at this rate, will bypass $DAI soon enough.

Learn more about the #Terra network and the $LUNA token in BTC.Secure Learn, delegate to BTC.Secure (how to delegate) and go with us to the🌕

✅Minter 2.6. What's new?

On December 1, the long-awaited update of the Minter Network took place. This upgrade increases the decentralization of the blockchain and complements the trade tools through the Minter Console with a familiar and necessary function — limit orders.

• Limit orders allow you to place an order for exchange of tokens at the desired price. You just need to select a token, specify its quantity and set the desired price for triggering a buy or sell order.

• With the upgrade to new version, token burning is now available to each user, not just for its creator. To perform this action, go to the Coiner page, go to the bottom of the page, select a token and specify the amount you want to burn.

• Even more decentralization. In Minter 2.6 the validator's Voice Power has been limited to 20%. This means that if the Voting Power indicator exceeds 20%, then further delegation to this validator is impossible until this value becomes <20. This update will allow to distribute the power of the vote to other validators and increase decentralization of the network. You can track the voice power indicator through the validators page on Chainik, Pie column.

In addition, bugs were fixed and fee for failed transactions was set at $0.01. This also depends on the information in payload and gas price.

🚀Minter Hub has been updated to version 2.0

On Saturday, December 3, at 13:00 UTC, a large-scale update of the Minter Hub network took place. This upgrade reduces fees when making cross-chain transfers, and also simplifies the connection of other blockchain networks.

• The codebase has been completely redesigned to simplify the integration of existing blockchains supporting advanced multisig addresses or smart contracts (for example, Cardano, Solana, Polkadot, Terra, etc.). Now integration will be easier and take much less time.

• Users paid a fairly large fees for cross-chain tranfers from Minter to Ethereum. Now, unused for fees ETH will be returned to the address on the Minter Network as a "cashback".

• Long-awaited integration with Binance Smart Chain. Now you're able to transfer tokens from BSC to Minter and back using the advantages of each of the networks. This will also bring the price of tokens in Minter closer to the market due to new arbitrage situations.

• Cross-chain DeFi. In the new version of Minter Hub, it's now possible to make trades (and not only) in the DeFi services of integrated networks. For example, you can make trades on Uniswap on the Ethereum network without leaving the Minter interface. At the same time, the fee can be paid in "Minter-style" — with any coin.

• Discounts for HUB holders have been activated. The HUB token allows you to reduce the fees of the Minter Hub network when making cross-chain transfers between Minter, Ethereum, BSC and other networks added in the future. As one seed phrase provides access to the wallet in three networks at once (Minter, Ethereum, BSC), then to get a discount, you can hold HUB tokens in any of the networks (or in several at once, they are summed up). The base fee of Minter Hub for cross-chain transfer is 1%.

Discounts for HUB holders:
1 HUB - 10%
2 HUB — 20%
4 HUB — 30%
8 HUB — 40%
16 HUB — 50%
32 HUB — 60%

For example, if you keep 16 HUB on your wallets, then for you the fee for cross-chain transfers will be 50% less than the base, i.e. 0.5%.

• Deposit and withdrawal of ETH and BNB tokens are now performed in native standard, i.e. there will no longer be a have to pre-convert the native standard into the ERC20 or BEP20 standard.

✅The update went unnoticed for users.

🗳Voting for Minter Network Commission Price (Commission Proposal 2.2)

Minter and Minter Hub were successfuly updated and now it's time to bind the commissions in the Minter network to the USD equivalent, in particular to USDTE, to implement plans for the cost of transfer to $0.01, and trade to $0.03.

Updates will take effect on December 27 at ~11:00 UTC on block 8173094 with the necessary total power of votes (66.66%+).

To get acquainted with the instructions for validators and the full list of changeable parameters in Commission Proposal 2.2, follow the link.

You can track the voting process on this page.

⚠️We urge all validators to take an active part in the voting and do it before the selected block.

✅Binding commissions to the dollar equivalent

We inform you that Commission Proposal 2.2 reached more than 66.66% of the total power of votes (see). This means that a consensus has been reached among the validators and on December 27, at ~11:47 UTC, the commissions will be updated on the 8 173 094 block.

Initially, 7 days were planned for voting and the validators successfully coped with this, for which we express our great gratitude to them🙏🏻

The next step is to update the services — adding support for payment of commissions with custom coins, taking into account the binding to USDTE.

⚠️The request to all developers to update the services (if any) before the block on which the updated commissions will take effect.

🌘Terra 2.0 is here

A new version of the Terra network was launched with a new version of the native LUNA token, the supply of which was distributed by airdrop among holders of LUNC (Luna Classic), USTC (TerraClassic USD) and aUST (deposited USTC in the Anchor Protocol).

LUNA DISTRIBUTION
You could get an airdrop if:
• before the attack* you held LUNA (including staking derivatives) and/or aUST (the maximum amount of aUST on the wallet to which the drop will apply is limited to 500k aUST)
• after the attack** you held LUNA (including staking derivatives) and/or UST
______________________
*up to 7544910 block — May 7, at 14:59:37 UTC
**up to 7790000 block — May 26, at 16:38:08 UTC

THE METHOD OF DISTRIBUTION
Not all LUNA tokens were distributed immediately after the launch of the network, most of them will be blocked for a certain period (cliff) with subsequent vesting. Vesting is the period during which the asset is gradually unblocked. In this case, the tokens will be partially unblocked each block.

VESTING PERIOD
The vested tokens will be blocked for at least 6 months (for the cliff period), and then they'll be gradually unblocked with each block (~6 seconds).

With the launch of the network, all vested LUNA were automatically staked to different Terra validators for maintain network security. Users will receive rewards for them and will be able to request them at any time. Users can also choose the validator they want to stake vested LUNA — delegation, redelegation and undelegation functions are available.

Initially, all vested LUNA were automatically delegated to the validators at genesis, and the user himself decides whether to leave it as is, change the validator or not delegate at all.

AIRDROP SUPPORT
Exchanges that have supported airdrop since genesis: Binance, Bitfinex, Bitget, Bithumb, Bitmart, Bitrue, Buenbit, Bybit, Coinmetro, Coinone, Crypto. com, FTX, Gate, GOPAX, Hoo, Huobi, Kraken, Kucoin, Lbank, Let's Bit, MEXC, Nexo, Okcoin, OKX, Upbit

For wrapped tokens in other networks (Ethereum, BNB Chain, Polygon, etc.), LUNA was allocated and blocked in the community pool at genesis. Their distribution will be made later.

BTC.Secure VALIDATOR
We invite everyone to delegate your free and vested LUNA to our validator on the Terra network, cause we:
• have experience in validating blockchain networks for more than 3 years and our uptime in all networks is close to 100%;
• validate the classic version of the Terra network from the beginning and were among the 30 validators at the genesis classic;
• entered the white list of Terra validators in Lido Finance, the largest liquid staking service with a total asset value exceeding $8.5B;
• have 100% Service Level Agreement (guarantee of validation stability for delegates) in the Staking Services Agreement.

🌘HOW TO DELEGATE
To delegate, you'll need the Terra Station app:
• Web-app
• Windows
• Mac (Apple Chip, Intel Chip)
• Linux (.rpm, .deb)
• iOS
• Android
• Chrome Extension
• Firefox Add-on

1) For those who don't have a wallet yet, create one and save the seed phrase in a safe place (if you lose it, you'll lose access to assets). If you have LUNA on your Trust Wallet, then just log in using your phrase in the Terra Station.
2) Make sure that the Terra network (not Classic) is selected.
3) Go to the Stake section.
4) Select BTC.Secure from the list of validators or enter a public key in the search bar:

terravaloper15389y60f0rk596tm38qewqycr8ztt8hshsf2mk

5a) In order to delegate your LUNA, click Delegate, specify the amount, click Next and confirm the transaction.
5b) In order to redelegate your LUNA from another validator — to BTC.Secure, select BTC.Secure from the list, click Redelegate, specify which validator you want to transfer the stake and the size of the stake, then click Next and confirm the transaction.

📗Step-by-step guide (with screenshots)

🌔LUNC Staking is available in Terra Classic.

Here is the guide to delegate your stake in BTC.Secure.

To delegate, you'll need the Terra Station app:
• Web-app
• Windows
• Mac (Apple Chip, Intel Chip)
• Linux (.rpm, .deb)
• iOS
• Android
• Chrome Extension
• Firefox Add-on

1) For those who don't have a wallet yet, create one and save the seed phrase in a safe place (if you lose it, you'll lose access to assets). If you have LUNC on your Trust Wallet, then just log in using your phrase in the Terra Station.

You can create a wallet in desktop and mobile applications and browser extensions.

2) Make sure that the Terra Classic is selected.
3) Go to the Stake section.
4) Select BTC.Secure from the list of validators or enter a public key in the search bar:

terravaloper1ya23p5cxtxwcfdrq4dmd2h0p5nc0vcl96yhjra

5a) In order to delegate your LUNC, click Delegate, specify the amount, click Next and confirm the transaction.
5b) In order to redelegate your LUNC from another validator — to BTC.Secure, select BTC.Secure from the list, click Redelegate, specify which validator you want to transfer the stake and the size of the stake, then click Next and confirm the transaction.

📗Step-by-step guide (with screenshots)