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MINA

No. 127
Mina
Margin
Privacy
ZK
PoS
MINA Price Today
0.5187
USD
5.1%
Lower Price
0.4825
Upper Price
0.5381
24H Value(USD)
129.13K
Total Market Cap(USD)
626.75M
Circulating Market Cap (USD)
626.75M
Total Circulation
1.20B
100%
Total Supply
1.20B

Price

MINA Price Change
24H
5.1%
7 days
-7.33%
30 days
-13.26%
90 days
-6.54%
180 days
4.47%
365 days
-49.62%
All
-85.76%

Markets

Exchange
Market
Price
24H Change
30D Change
24H Volume
24H Value
--
--
-13.24%
-- MINA
-- USDT
--
--
-22.45%
-- MINA
-- BTC
Futures
0.5170
+4.61%
-13.41%
218.56K MINA
111.27K USDT

Introduction

Feed

1. Project introduction

Current cryptocurrencies like Bitcoin and Ethereum store hundreds of gigabytes of data, and as time goes on, their blockchains will only increase in size. With Mina however, no matter how much the usage grows, the blockchain always stays the same size - about 22kb (the size of a few tweets). This means participants can quickly sync and verify the network.This breakthrough is made possible due to zk-SNARKs, a type of succinct cryptographic proof. Each time a Mina node produces a new block, it also generates a SNARK proof verifying that the block was valid. All nodes can then store the small proof, as opposed to the entire chain. By not having to worry about block size, the Mina protocol enables a blockchain that is decentralized at scale.

2. Team introduction

CEO: Evan Shapiro

Linkedin: https://www.linkedin.com/in/evan-shapiro-451731176/

Crypto Engineering Lead: Tess Rinearson

3. Investment institution

Multicoin Capital, FTX Venture, CIRCLE, Coinbase Venture, etc.

4. Distribution

In order to motivate participants to begin staking, Mina’s nominal inflation will begin at 12%. Then, over the course of the first five years, the inflation rate will fall to 7% and remain at 7% thereafter by default, subject to changes via the chain’s governance.

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