What is Mina Protocol (MINA) | What is Mina Protocol token | What is MINA token
Mina is the first cryptocurrency with a lightweight, constant-sized blockchain. This is the main source code repository for the Mina project. It contains code for the OCaml protocol implementation, website, and wallet. Enjoy!
Overview
Here’s where you’ll find all the documentation for the whole process of getting up and running with Mina.
What is Mina?
Mina is the first cryptocurrency protocol with a succinct blockchain. Current cryptocurrencies like Bitcoin and Ethereum store hundreds of gigabytes of data, and as time goes on, their blockchains will only increase in size. With Mina however, no matter how much the usage grows, the blockchain always stays the same size - about ~20 kilobytes (the size of a few tweets). This means Mina can be accessed trustlessly from any device, including phones and browsers, and enables frictionless integration of cryptocurrency into applications for developers.
This breakthrough is made possible due to zk-SNARKs - a type of succinct cryptographic proof. Each time a Mina node produces a new block, it also generates a SNARK proof verifying that the block was valid. All nodes in the network can then store just this proof moving forward, and don’t need to worry about the raw block data. By not having to worry about block sizes, the Mina protocol enables vastly higher throughput in the network, and enables a blockchain that is decentralized at scale.
How does Mina work?
How does a ‘succinct blockchain’ work? Read our technical white paper to learn more about our cryptographic preliminaries and the succinct blockchain construction used in Mina.
Check out our economics white paper to learn about the roles within Mina Protocol, the incentive design and the monetary policy.
Try Mina
The Mina public testnet beta is live! Head over to the testnet landing page to learn more about the testnet and how to get involved.
If you’re ready to install Mina and begin running a node, head over to the Getting Started page.
Easily Accessible, Now & Always
Other protocols are so heavy they require intermediaries to run nodes, recreating the same old power dynamics. But Mina is light, so anyone can connect peer-to-peer and sync and verify the chain in seconds. Built on a consistent-sized cryptographic proof, the blockchain will stay accessible—even as it scales to millions of users.
Truly Decentralized, with Full Nodes like Never Before
With Mina, anyone who’s syncing the chain is also validating transactions like a full node. Mina’s design means any participant can take part in proof-of-stake consensus, have access to strong censorship-resistance and secure the blockchain.
Light Chain, High Speed
Other protocols are weighed down by terabytes of private user data and network congestion. But on Mina’s 22kb chain, apps execute as fast as your bandwidth can carry them—paving the way for a seamless end user experience and mainstream adoption.
Private & Powerful Apps, Thanks to Snapps
Mina enables an entirely new category of applications—Snapps. These SNARK-powered decentralized apps are optimized for efficiency, privacy and scalability. Logic and data are computed off-chain, then verified on-chain by the end user’s device. And information is validated without disclosing specifics, so people stay in control of their personal data.
Programmable Money, For All
Mina’s peer-to-peer permissionless network empowers participants to build and interact with tokens directly—without going through a centralized wallet, exchange or intermediary. And payments can be made in Mina’s native asset, stablecoin or in user-generated programmable tokens—opening a real world of possibilities.
Mina Protocol (MINA) ICO
Apr 13, 2021 - Apr 15, 2021
Tokens for Sale: 75,000,000 MINA
Tokens Sold: N/A
ICO Price: $0.25
Where to buy: Coinlist
Soft Cap: TBA
% of Total Supply: 7.5%
Fundraising Goal: $48,150,000
Accept: USDT/USDC/BTC/ETH
Personal Cap: $50~$1000
Access: Public
How and Where to Buy Mina Protocol (MINA)?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
fter the deposit is confirmed you may then purchase MINA from the exchange ICO: https://coinlist.co/register
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MINA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information MINA
☞ Website ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Message Board ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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