Zero-Knowledge technologies will be one of the most popular topics in a couple of months thanks to Ethereum adoption, especially layer-2 protocols. Mina has really crazy way and the secret gem of my portfolio.
When it comes to making large returns on your investments. Investing in promising ICOs can be an effective strategy. Initial coin offerings (ICO) let you buy coins or tokens long before they list on exchanges, and often at a significant discount.
The problem is that most ICOs aren’t very good and those that are good see so much demand that you’re lucky if you get a chance to buy. One of these highly anticipated ICOs took place a couple of months ago for Mina than a native token of the Mina Protocol.
The investors who managed to get a spot in the Mina sale queue have already seen a 10 to 20x return on investment, but money isn’t the only thing that has people talking about the MINA Protocol.
Today, I’m going to tell you everything you need to know about the world’s lightest blockchain. What it is, how it works, and why the Mina token is one you have to keep your eyes on?
Disclaimer: All the content converted from Coin Bureau’s “Mina Protocol: A REALLY CRAZY Crypto Project!” video after getting the whole permissions.
What Is Mina Protocol?
Mina Protocol was created by computer scientists Evan Shapiro and Izaac Meckler.
Evan and Izaak have been close friends since high school and have been dabbling in cryptocurrency tech since 2011. Evan mentioned in an interview that the pair didn’t take cryptocurrencies too seriously until the 2017 bull run when they realized that all cryptocurrencies on the market had the same fatal flaw.
Now as you all know, every cryptocurrency has a blockchain that stores its transaction history. Each block in that chain has standard signs and new blocks are created at regular intervals.
For example, Bitcoin’s block size is 1 megabyte and a new block is created every 10 minutes. Every time a new block is added to the Bitcoin blockchain, this increases the size of the Bitcoin blockchain by 1 megabyte.
Bitcoin miners need to store Bitcoin’s blockchain history to make sure they’re processing the correct transactions, so they can earn BTC. Bitcoin nodes add security to Bitcoin by keeping an up-to-date copy of the Bitcoin blockchain. Read More…
Categories: CRYPTO PROJECTS