Article Summary, Automatically Generated By AI
Summary of Public Mint (MINT)
Overview
- Public Mint bridges the gap between crypto and fiat currencies.
- Offers a fully collateralized, regulated, and FDIC-insured platform for synthetic fiat currencies.
Founders
- Halsey Minor, founder of CNET and Uphold, and co-founder at Salesforce.
- Jorge Pereira, former CTO at Uphold and current CTO at Public Mint.
- CEO: Paulo Rodrigues, former Head of a Swift bureau and CEO at a blockchain R&D center.
Unique Features
- Allows users to transact with tokens
About Public Mint: Empowering the Future of Digital Assets
Introducing Public Mint (MINT): A Comprehensive Overview
Public Mint’s paramount objective is to seamlessly integrate the realms of cryptocurrency and traditional fiat currencies. By providing a fully collateralized, stringently regulated, and FDIC-insured platform, it facilitates the creation of synthetic fiat currencies, thereby bridging the divide between the two.
Public Mint also boasts a fiat-native blockchain, APIs, and an embeddable web widget, empowering developers to craft innovative, fiat-enabled applications that seamlessly accept a diverse range of payment methods, including credit cards, ACH, wire transfers, and more. Founded in 2020, Public Mint has been at the forefront of fintech innovation.
The Visionaries Behind Public Mint: Meet the Founders
The esteemed founders of Public Mint comprise Halsey Minor, a visionary entrepreneur who founded CNET and Uphold, as well as co-founded Salesforce, alongside Jorge Pereira, a seasoned technologist who previously served as CTO at Uphold and currently holds the same position at Public Mint. At the helm of the company is CEO Paulo Rodrigues, a seasoned executive with a distinguished background as the former Head of a Swift bureau and CEO of a blockchain R&D center.
Unveiling the Unparalleled Excellence of Public Mint
Public Mint empowers users to seamlessly transact with tokens pegged to fiat currencies, thereby bridging the gap between traditional finance and the digital realm. The platform boasts a fiat-native blockchain, enabling users to deposit fiat currencies, which are subsequently tokenized for convenient utilization within the Public Mint ecosystem. By combining the price stability inherent to fiat currencies with the 24/7 accessibility, global reach, and efficiency of blockchain technology, Public Mint offers a unique synergy that redefines the boundaries of financial transactions.
The Public Mint blockchain seamlessly bridges the disparate realms of off-chain and on-chain domains, empowering users to navigate each sphere with distinct scopes, requirements, and limitations.
At the network level, Public Mint seamlessly integrates a traditional client-server model with an Ethereum-compatible blockchain, fostering a harmonious convergence of decentralized and centralized architectures. The system establishes connections with custodial partners and KYC providers, ensuring stringent adherence to regulatory requirements and maintaining the highest standards of compliance. Furthermore, the platform meticulously ensures that the minting and burning of on-chain tokenized fiat assets are precisely synchronized with the corresponding fluctuations in funds held within the custodial layer, thereby guaranteeing a seamless and secure experience.
The Public Mint ecosystem is comprised of three distinct layers. The multi-custodial layer is embodied by Custodial Partners, comprising licensed financial institutions that assume custodianship of fiat funds, maintaining a 1:1 parity with the tokenized assets.
The blockchain layer, built upon Hyperledger Besu, constitutes an enterprise-grade Ethereum (ETH) client. Notwithstanding, the Public Mint platform operates independently of Ethereum, as it exercises autonomous control over its transactional logic and assumes responsibility for the deployment and maintenance of its blockchain infrastructure.
The Smart Services layer is comprised of smart contracts that augment the blockchain foundation with additional functionality. Public Mint facilitates state changes in a manner analogous to the Ethereum Virtual Machine (EVM), allowing smart contracts to be scripted in any Ethereum-compatible programming language.
Notably, Public Mint features a liquidity rewards program, empowering liquidity providers to accrue MINT tokens as a form of incentive.
What Is the Circulating Supply of Public Mint (MINT) Coins?
As of March 2021, Public Mint (MINT) boasts a circulating supply of 17,437,500 tokens, with a capped maximum supply of 250,000,000 tokens.
The Public Mint Network’s Robust Security Framework
Public Mint boasts its own blockchain, which leverages a proof-of-authority (PoA) consensus mechanism, an alternative approach that substitutes traditional stakes with identity-based validation, thereby facilitating rapid and cost-effective transactions.
Acquiring Public Mint (MINT): A Comprehensive Guide to Exchanges and Marketplaces
You can exchange Public Mint (MINT) on the following esteemed cryptocurrency platforms:
- Uniswap (Version 2)
- Bilaxy Exchange
- 1inch Decentralized Exchange
Delve into our exhaustive guide, where we demystify the process of acquiring Bitcoin and other prominent cryptocurrencies.
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