Mina protocol — the lightest blockchain in the world.

Mina protocol is the lightest blockchain in the world, which provides the foundation for a decentralized digital economy (Web 3.0), provides network scalability up to several thousand transactions per second, enables millions of users to connect the network. When using recursive zk-SNARKs, Mina blockchain always has a constant size — about 22 kilobytes (the size of several tweets). Recursive zk-SNARKs allow nodes to quickly exchange and update evidence of the correct state of the blockchain across the entire network. This innovative use of zk-SNARKs solves the scalability and high barrier to entry for the nodes that are the scourge of blockchains today. This way, Mina strengthens decentralization and, accordingly, increases network security. The Mina blockchain can be easily accessed by any device, including phones and browsers, and the Mina blockchain can be integrated into new decentralized applications (dApps).

The high interest and activity of the community are explained by the unique approach to the problem of blockchain scalability, which is used in the protocol. Existing blockchains, such as Bitcoin and Ethereum, are extremely slow and ineffective, this problem is caused by security requirements, in which the nodes that validate transactions must download the entire blockchain to verify new blocks. By increasing the block size, you can achieve that more transactions will be processed in each block, but in this case, the resource requirements of the verifying nodes increase, which increases the entry barrier. This leads to the fact that fewer nodes can participate in the process of validating transactions, while decentralization suffers and the network becomes more vulnerable to a 51% attack.

Unlike other third-generation protocols that offer community members 1% or fewer tokens per distribution, Mina sets aside up to 6.7% of tokens for distribution to the original Genesis program members. Plus, program participants won’t have to wait until some uncertain future time to receive their tokens, as Mina’s mainnet will launch this year. In parallel, Mina is launching Genesis 1, a token program that prepares members to become the first block producers after the mainnet launch. Grants will be distributed to initial Genesis members selected from among the participants participating in the testing. Testing is designed to help improve network resilience.

Mina protocol is a unique and amazing project with a great future. Want to know more? Visit https://minaprotocol.com/, https://t.me/minaprotocol