What is Mina Protocol?
Mina Protocol describe as world lightest blockchain network, who’s size remains constant even if surge in its usages. on the official portal Mina network has size of only 22 KB, as most of existing blockchain sizing in gigabytes. Mina is nothing succinct blockchain that built to run decentralized application faster and efficiently ways. Project begin their operation with name Coda protocol, as later in October 2020 it rebranded to Mina.
Mina Protocol integrated with zk-SNARKS i.e., cryptographic proof that help to enable authenticate information without revealing any information. Project aiming to solve problem including data privacy, high fees, ease of use, network congestion, easy adoption. In order to solve this problem, Mina Blockchain implements zero knowledge proofs in their network.
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Using Mina protocol developer now able to build powerful SNARK Powered apps for financial services without fear of data privacy and programable money. Mina believes to be fully secured by participant that added via number of block producer with Proof of stake consensus. Anyone can run node and secure network, as with growing number of participants it becomes more secure and resilient.
Mina Protocol Price Prediction
|Month & Year||MINA Price Prediction|
Mina Protocol Overview
|Project name||Mina Protocol|
|All-time high||$187 USD|
Mina ICO Overview
|Raised by||$48,150,000 USD|
|Date of ICO||13th April 2021|
|ICO Price||$0.25 USD|
|Partners||Finoa, Polychain, Coinbase Ventures, Bixin Ventures.|
Mina Token Price Analysis
MINA Token is native currency on Mina Protocol that required to stake and produce block on the Mina Blockchain. Token will be used as prime currency on smartplace that used by block producers and SNARK producer, as it will be completing main transaction including buying and selling SNARK Proofs. ICO sale was hosted on Coinlist exchange, as there are three option for investing with different token release schedule. ICO sale gets overwhelming response from investor, more than 200k user in the queue and over 1 million registration recorded.
Is Mina Protocol a Good Investment?
Considering Mina Protocol for long term investment, as investing in early listing will be more profitable for those who missed chance buying at ICO Sale.
O (1) Labs created mina protocol, who is san Francisco start-up with mission to use of crypto power to build computing system. however, it company was founded 2017 as their main goal was optimizing scalability and decentralization. However, with great experience team Mina Protocol successful launched mainnet and it gets huge attention from investor, as official community surpass 100k mark. Mina Protocol being lightest and fastest blockchain network will solve many problems in future development of decentralized application. Integration with zero knowledge proof going to solve many existing problem of existing blockchains network and this could definitely attract more developers and investor too.