Mina Protocol (MINA) Price Today

First generation blockchain was a revolutionary technology, which brought new horizons in many aspects of life. It also brought a number of problems to users. Then came Mina protocol, which was an up-to-date reply to the challenges.

What is Mina protocol?

Mina (MINA) is a new generation of blockchain, which offers a number of advantages. The size of Mina blockchain is 22KB and no more - just compare with Bitcoin's 350GB. So Mina protocol is claimed to be the lightest protocol ever. It became possible due to the SNARK technology. It generates SNARK certificate alongside with a new block, which provides proof of validity of the block.

Actually snark proofs are bought and sold at a market place which is called snarketplace. The Mina protocol economy is designed so that block validators use their MINA tokens to purchase snarks on the snarketplace when they need to validate transactions.

Another problem that was solved by Mina is data privacy. Mina uses Zero-knowledge-Succinct Non-Interactive Arguments of Knowledge technology (Zk-SNARK). It provides verification without revelation of the information.

So MINA can substantially reduce costs of transactions - and thus Mina protocol provides new horizons to decentralized apps - so-called snApps.

What is Mina protocol token price?

Most cryptocurrencies and tokens have a limited issue, and all coins are generated either in advance or in the process of staking or mining. MINA tokens work on the principle of inflation, not deflation, and have an unlimited issue.

During the launch of the project, 1 billion MINA tokens will be distributed, but they will be fully unlocked only after 8 years.

Those, who got interested in Mina protocol crypto price, can use trading script to facilitate price comparison. Crypto trading bot can help to “catch” the desirable Mina protocol coin price or Mina token price (when possible).

Where to buy Mina crypto?

As per CoinMarketCap Mina occupies the 104 position in crypto rate. Mina protocol's market capitalization is $ 914.87 millions.

Mina crypto is available on the top cryptocurrency exchanges such as:

  • Binance

  • OKX

  • Bybit

  • DigiFinex

  • FTX

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