The live price of Mina is - per (MINA / USD) with a current market cap of $312.54M USD. 24-hour trading volume is - USD. MINA to USD price is updated in real-time. Mina is -% in the last 24 hours with a circulating supply of 1.23B.
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Mina Protocol is a lightweight blockchain implementation designed to enable broader network participation. Its native currency, MINA, is used as a medium of exchange and to incentivize transaction validators. The protocol employs a variant of Delegated Proof-of-Stake (DPoS) called Ouroboros Samasika. It also uses recursive zk-SNARKs to maintain a consistent total blockchain size of approximately 22 KB. This design lowers hardware requirements, allowing anyone—even those using low-power devices like smartphones—to participate in transaction validation.
Mina is a Layer 1 blockchain built using zero-knowledge proofs (ZKPs), with smart contracts written in TypeScript. What makes it unique is its fixed 22KB size, earning it the title of “the world’s lightest blockchain,” redefining the traditional resource-heavy blockchain structure.
Mina's primary goal is to increase crypto adoption by reducing the computational demands of running a node and enhancing user privacy. It encourages users to actively participate in the blockchain rather than passively following trends.
Mina Protocol uses zero-knowledge proofs to create a more efficient blockchain architecture. While early blockchains like Bitcoin and Ethereum accumulate hundreds of gigabytes of data, Mina remains at a constant size of about 22KB. A single recursive zk-SNARK proves the current consensus state, enabling participants to sync and verify the network quickly.
The protocol's security is built on a Proof-of-Stake (PoS) mechanism called “Ouroboros Samasika,” inspired by Cardano’s Ouroboros. This PoS approach consumes significantly less computational power compared to Bitcoin’s Proof-of-Work (PoW).
Mina's framework relies on zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), allowing fast verification of the current network state. The protocol enhances decentralization and promotes full-chain validation by all internet users. This approach boosts interoperability and lays the foundation for privacy-centric, verifiable smart contracts known as “Snapps.”
By building privacy-preserving applications (Snapps) and offering inclusive blockchain solutions aimed at mass adoption, Mina Protocol contributes to expanding the scope of decentralization.
The native cryptocurrency of Mina Protocol, MINA, facilitates network transactions and fee distribution. MINA holders play a role in guiding the network’s direction and governance, contributing to its long-term resilience and potential growth.
Mina (MINA) is designed with a minimalist philosophy to build a blockchain protocol. The blockchain maintains a constant size of just “22KB forever,” earning it the title of “the world’s lightest blockchain.” Users can stake MINA tokens to participate in transaction validation and earn rewards, contributing positively to the blockchain ecosystem.
Mina was founded by Evan Shapiro and Izaak Meckler. Shapiro serves as the CEO of blockchain company O(1) Labs, the core team behind the creation of Mina Protocol. Evan Shapiro holds a computer science degree from Carnegie Mellon University, bringing valuable expertise to Mina’s development vision.
$MINA is primarily used to participate in the network, pay transaction fees, and enable Mina Protocol’s unique privacy features. Mina balances privacy with verifiable computation (zk-SNARKs). Compared to traditional blockchains that are bulky and complex, Mina offers significant advantages, making it highly attractive in the market.
As of this writing, the circulating supply of MINA tokens is 991,711,773.
Mina uses the Ouroboros Proof-of-Stake consensus mechanism. Users can stake the native $MINA token to become validators or delegate their stake to others. Validators are responsible for creating new blocks and verifying transactions. This allows users to actively shape the development of the network through community participation.
The Mina to other currencies exchange rate?
