What is Mina (MINA)? | Mina Protocol Explained in Under 60 Seconds

3 years ago
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Mina Protocol (MINA) is the world’s lightest blockchain which gives anyone with a smartphone the power to build & participate in the ecosystem. Nodes can store small proofs instead of the entire chain.

Mina Coin (MINA) - The Mina protocol is powered by is native currency $MINA. MINA Coin is used for transactions, staking and as the protocol’s utility coin.

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The World’s Lightest Blockchain - Mina blockchain has a fixed size of 22KB1, compared to the Bitcoin blockchain with an increasing size of 300GB2. This allows for quick syncing and network verification.

End-to-End Data Privacy - Mina provides end-to-end data privacy with advanced cryptography and recursive zk-SNARKs, which provides enhanced data security and true decentralization at scale.

SNAPPS (Privacy-Enabled Apps) - Developers can build privacy-enable apps called SNAPPS that use zk-SNARKs to ensure the highest level of data privacy. Verification is performed without exposing user data.

Mina is connecting crypto to the real world with features such as SNAPPS that can privately interact with websites, permissionless web oracles for real world data, and one private internet login for secure web access.

WEBSITE: https://minaprotocol.com/

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