$2.5T
Total marketcap
$76.65B
Total volume
BTC 50.91%     ETH 15.11%
Dominance
Mina Protocol

Mina Protocol MINA Price

$0.8662 7.1846%
  • BTC 0.000013
  • ETH 0.

Mina Protocol Price chart

Sorry, that's all we've gotfor now...

Statistics

Mina Protocol Price $0.8662 All-time high $9.09 Days since ATH 1059
Price change $0.05806 (7.1846%) Date of ATH Jun 1, 2021 % of ATH -90.48%

Mina Protocol Review

Mina Protocol (code: MINA)

Founded Date: Dec 18, 2017

Founders:

Evan Shapiro
Evan Shapiro
Co-founder & CEO
Izaak Meckler
Izaak Meckler
Co-founder

Mina Protocol(MINA) - Coin Trading Data

Mina Protocol Price $0.8662
Ticker MINA
Market Capitalization $943.17M
Fully Diluted Valuation (FDV) $994.87M
Value 24h low $0.7857
Value 24h high $0.8705
Trade Volume for 24h $19.53M
Current Circulating Supply 1.09B
Maximum Supply 1.15B
Algorithm
ICO Price and ICO ROI
Price Change 24h % 7.1846%
MINA quote $0.8662
Fully Diluted Valuation (FDV) $994.87M

Mina Protocol(MINA) ATH - All Time High Price

Mina Protocol ATH Price $9.09
MINA quote 1059
ATH Date Jun 1, 2021
All Time High % -90.48%

Mina Profile

Mina Protocol is a decentralized platform that has the world's lightest blockchain, which is just 22 Kb in size. This blockchain is based on a zero-disclosure proof principle, which means that the blockchain can be fast and avoid network overload.

So, the Mina Protocol is based on Zero-Knowledge Proof, which means that one validator can verify the validity of transactions written to the blockchain without having information from the other side.

The system first checks each blockchain to make sure there are no false transactions and that everything is working correctly. After that, each block is destroyed and replaced with zk-SNARK.

zk-SNARK (Zero Knowledge Succinct Non-Interactive Arguments of Knowledge) is a compressed cryptographic proof that verifies the network status.

Minimum protocol size provides:

  • consistency of performance;
  • increasing popularity;
  • balance, which increases the parameters of security and decentralization.

History of Mina Protocol

  • In 2017, O(1)Labs was founded by Evan Shapiro and Isaac Meckler.
  • In 2018, the O(1)Labs team announced its project on the social platform Medium. It was originally called Coda and had the promise to solve the issue of blockchain size fixation.
  • In 2019, O(1)Labs managed to raise $15 million to develop its project.
  • In 2020, Zk-SNARKS was introduced to the public after three years of development and fundraising.
  • In October 2020, the project was renamed from Coda Protocol to Mina. Mina Coin, Mina Protocol's currency, entered the market the same year.
Mina Protocol Roadmap

Mina Protocol Roadmap (Full version)

Mina Protocol Features

The main outstanding features of this blockchain are its compactness and its fixed size. The new network solves the main problem experienced by such major blockchain as Bitcoin or Ethereum.

Due to the specifics of their architecture, the chains become too heavy as the number of users and transactions increases. As a consequence, mining participation is no longer available to everyone, there is less decentralization, and the vulnerability of the system becomes higher.

Mina Protocol has managed to invent its own lightweight blockchain technology. With this technology, it is always possible to keep the blockchain compact, which makes it possible to expect the realization of the company's main goal: the creation of a global payment system.

The size of the Mina blockchain, no matter how actively it is used, always remains around 22 kilobytes. This means that the network can always be synchronized quickly and all transactions can be validated.

Zk-Snarks

When new blocks are added to the network, validators must check them for validity before adding them to the blockchain. In most blockchains, all miners and validators must actually do this, but that increases the size of the blockchain quite a bit.

Maintaining a small fixed size is now possible with zk-SNARK proofs with zero disclosure. Zk-SNARK is a chain snapshot that is created every time a new block is generated, capturing the current state of the network. The snapshot is used as the basis for the next one and can contain evidence for an unlimited number of transactions.

This particular attribute leads to the advantages of the Mina Protocol.

Full decentralizationModified DappsInternet Compatibility
Thanks to the small size of the Mina Protocol cryptocurrency blockchain and zk-SNARK proof, every coin holder can validate blocks and maintain the stability of the P2P network.In the project ecosystem, developers can create decentralized apps using SNARK technology: Snapps. They provide greater privacy, as users have 100% control of their data.Snapps are more scalable, productive, and secure: calculations are performed outside the chain, and verification is performed inside.Snapps are able to confidentially access information from various sites.

Mina Cryptocurrency

Mina cryptocurrency is a chain of compressed blocks, which are formed to minimize computational requirements. At the same time, it aims to increase the efficiency of DApps.

The coin is issued on its own blockchain; it is required for any transactions within the network. It is used for

  1. paying transfer fees;
  2. creating Snapps;
  3. deploying smart contracts.

Mina Cryptocurrency

Mina cryptocurrency is a chain of compressed blocks, which are formed to minimize computational requirements. At the same time, it aims to increase the efficiency of DApps.

The coin is issued on its own blockchain; it is required for any transactions within the network. It is used for

  1. paying transfer fees;
  2. creating Snapps;
  3. deploying smart contracts.

Ways to Get Mina

  • Stacking. The conventional way of earning involves two requirements: to be online all the time and to use the time synchronization protocol permanently. The team recommends using the NTP service installed in a number of Linux distributions.
  • Delegation. As an alternative, it is proposed to delegate: the transfer of your stacks to block producers, the bigger players. You will have to pay for delegation as for a standard operation plus pay a commission to the producers for their services. It is important to remember that the transfer of tokens is not performed instantly, and takes two to four weeks.
  • Snarking. Finally, tokens can be earned through snarking, a local version of mining. By generating new snarks and participating in chain data compression, users claim a reward for each processed block.

Mina Protocol Pros and Cons

ProsCons
Really progressive technology that solves a serious problem.No support for smart contracts
Long time for unlocking tokens. All coins will be unlocked only in a few years. This means that all this period the team will be interested in the development of the project, and there will be no strong reasons to dump the price.High percentage of staking: Mina is one of the most staked projects in the world, with over 90% of all coins sent by users to staking.
Good staking programs.Open source code.
Support from some good and large foundations.Low blockchain throughput.
Own blockchain and cheap transactions. The system has the potential to be actively used.

Summary

The Mina Protocol allows the creation of truly productive and still secure blockchain applications (Snapps). Other modern blockchains focus on scalability and high throughput, while sacrificing network security. Validators will not have to process a lot of data in the blockchain, and the consensus will be achieved faster, so the future of the Mina Protocol is quite good.

Perhaps, in the future an entire ecosystem will emerge and develop around the Mina platform, which will include not only decentralized projects, but also Internet data providers. For Mina Protocol such perspective will be a point for rapid growth, which will probably affect the rate of MINA cryptocurrency as well.

How much is a one Mina Protocol worth now?

1 Mina Protocol worth $0.8662 now.

What is the price of MINA?

The price of MINA is $0.8662.

What is the Mina Protocol max supply?

The max supply of Mina Protocol is 1.15B.

What is the Mina Protocol stock symbol or ticker?

The stock symbol or ticker of Mina Protocol is MINA.

How many MINA coins are there in circulation?

There are 1.09B coins in circulation of MINA.

What is the exchange rate of Mina Protocol(MINA)?

The exchange rate of Mina Protocol is $0.8662.

What was Mina Protocol's trading volume in 24 hours?

Mina Protocol's 24-hour trading volume is $19.53M.

What was the highest price paid for Mina Protocol?

Mina Protocol reached a record high of $9.09 on Jun 1, 2021

Mina Protocol Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 CoinDCX CoinDCX MINA/INR $0.973 $813.4 100% 4 days ago
2 CEX.IO CEX.IO MINA/USDT $0.8668 $0 0% 4 days ago
3 CEX.IO CEX.IO MINA/USD $0.8687 $0 0% 4 days ago
4 HitBTC HitBTC MINA/USD $3.17 $0 0% 2 years ago
5 DigiFinex DigiFinex MINA/USDT $0.8655 $0 0% 4 days ago
6 Mercado Bitcoin Mercado Bitcoin MINA/BRL $0.905 $0 0% 4 days ago
7 Kraken Kraken MINA/USD $0.8674 $0 0% 4 days ago
8 Kraken Kraken MINA/EUR $0.87 $0 0% 4 days ago
9 Kraken Kraken MINA/GBP $0.8655 $0 0% 4 days ago
10 Kraken Kraken MINA/XBT $1.44 $0 0% 11 months ago
11 Bitubu Exchange Bitubu Exchange MINA/USDT $1.01 $0 0% 10 months ago
12 Tokenize Tokenize MINA/USD $0.8564 $0 0% 4 days ago
13 Tokenize Tokenize MINA/SGD $0.8564 $0 0% 4 days ago
14 HBTC HBTC MINA/USDT $0 $0 0% 2 years ago
15 XT.COM XT.COM MINA/USDT $0.8668 $0 0% 4 days ago