What is MINA ? A Quick Overview of MINA Protocol | Crypto Currency MINA

Mina is building a gateway between the real world and crypto — and the infrastructure for the secure, democratic future we all deserve.

By design, the entire Mina blockchain is about 22kb1 – the size of a couple of tweets. So participants can quickly sync and verify the network

When was MINA invented?

The Mina protocol was created by O(1) Labs with the goal of optimizing both scalability and decentralization. This is achieved by utilizing zero knowledge proofs to condense the blockchain into a fixed size. Mina is working to make it easy for anyone to participate from websites or mobile phones with intermittent connectivity, making the experience for users easier as well as opening up new possibilities of applications for developers to build.

MINA Consensus :

Mina uses a Proof-of-Stake permissioning mechanism known as Ouroboros Praos to reach consensus, which builds off prior work done by IOHK, the company working on Cardano. It was designed to be simple and allow anyone to participate proportionally to the amount of stake in the protocol. Bandwidth requirements are low to facilitate a high level of inclusivity.

References

  1. https://minaprotocol.com/
  2. https://www.youtube.com/channel/UCWzKMFfIlMzHUXKSnYot5HA
  3. https://github.com/MinaProtocol/mina
  4. https://coinmarketcap.com/currencies/mina/

 

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31-August 11:38 PM 421 Views

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