Mina is a new blockchain protocol that claims to be the “lightest” and most efficient blockchain in the world. Mina is designed to be a scalable, decentralized, and secure platform for building decentralized applications (dApps).
Mina is built on top of the Ethereum blockchain and uses Ethereum’s smart contract functionality.
Mina’s main selling point is its scalability. The Mina protocol uses a new data structure called a “compressed Merkle tree” that allows it to compress blockchain data down to 22kb.
This means that Mina can theoretically scale to handle millions of transactions per second without sacrificing security or decentralization.
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Mina is still in development and has not yet launched on mainnet. However, the protocol has been tested on testnet and is currently being audited by several independent security firms.
If everything goes according to plan, Mina could launch on mainnet sometime in 2020.
So far, Mina seems to be living up to its promises. If the protocol can continue to deliver on its technical roadmap, it could become a major player in the blockchain space.
Only time will tell if Mina can truly become the “lightest” and most efficient blockchain in the world.
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