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Update minter-doc #150

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Update minter-doc.md
shrpne Jun 24, 2021
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shrpne Jun 24, 2021
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22 changes: 16 additions & 6 deletions docs/minter-doc.md
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Expand Up @@ -4,16 +4,22 @@ title: Minter
sidebar_label: Minter
---

### Type
### Name

Minter

### Description

L2 solution based on Delegated Proof-of-Stake with ability to issue custom coins and exchange them for BTC, ETH or other issued coins.

### Tx Cost

1 BIP for simple "Send" transaction (~1500 gwei as of 2021/01/14).
24h average transaction fee (as of 2021/01/14) -> 9.89 BIP.
$0.01 for simple "Send" transaction.
$0.03 for "Swap"

One can pay fee in any coin, fee price is bonded to the stable coin like USDT and converts to BIP in a moment of processing transaction.

Fees for other transactions: https://www.minter.network/docs#commissions
Fees for other transactions: https://www.minter.network/docs#fee

### Finality

Expand All @@ -23,7 +29,7 @@ Fees for other transactions: https://www.minter.network/docs#commissions

Delegated Proof-of-Stake (DPoS) consensus protocol. The blockchain utilizes Tendermint Consensus Engine, which relies on a set of validators that are responsible for committing new blocks into the blockchain. Validators are determined by who has the most stake delegated to them and their number is limited.

### $ Efficient
### Capital Efficient

YES.
DPoS protocol implies low energy requirements – lower than PoW or PoS (see [here](https://ieeexplore.ieee.org/abstract/document/8798621)). Low-end to mid-range HW is recommended to run validator's node. 45 validators provide enough resources for at least 1000TPS (as of January 2021).
Expand All @@ -32,10 +38,14 @@ DPoS protocol implies low energy requirements – lower than PoW or PoS (see [he

~1000 now, 5000-10000 at the end of 2021.

### Additional info
### Resources

[Project site](https://www.minter.network/)
[Whitepaper](https://about.minter.network/Minter_White_Paper.pdf?v04)
[Github](https://github.com/MinterTeam)

### Social Media & Community

[Medium](https://medium.com/@MinterTeam)
[Twitter](https://twitter.com/MinterTeam)
[Facebook](https://www.facebook.com/MinterNetwork)
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