Mina's price today is $0.1716**, with a **24-hour trading volume** of $12.1 million. The MINA token shows 0.00% change over the past day, with a circulating supply** of 1.24 billion MINA.
What Is Mina Protocol?
Mina is a lightweight blockchain maintaining a constant size of 22 kilobytes—regardless of network growth. Designed to solve scalability challenges in traditional blockchains, Mina enables efficient verification of transaction history without relying on centralized validators or external guidance.
Key Features:
- Fixed blockchain size (22KB)
- zk-SNARK technology for privacy
- Decentralized node participation
- Energy-efficient verification
Mina's Historical Timeline
Early Development (2017–2020)
- Founded by Evan Shapiro and Izaak Meckler as Coda Protocol under (O)1 Labs
- Raised $3.5M seed funding** (2018) and **$15M Series A (2019)
- Rebranded to Mina in 2020 after trademark disputes
Mainnet Launch (2021–Present)
- Mainnet went live on March 23, 2021
- Public sale of 75M MINA tokens in April 2021
Initial token allocation:
Category Allocation Community 34.8% Core Contributors 23.6% Early Backers 20.5% Token Sales 21.1%
👉 Discover how Mina compares to other Layer 1 blockchains
How Mina Protocol Works
Mina combines zero-knowledge proofs (zk-SNARKs) with a unique node structure to maintain decentralization:
- zk-SNARKs: Verify transactions without revealing sensitive data.
Three Key Participants:
- Verifiers: Validate proofs
- Block Producers: Create new blocks
- Snarkers: Generate zk proofs for transactions
- Consensus: Proof-of-Stake (PoS) variant with MINA staking.
Performance Metrics
- Throughput: 22 transactions/second
- Finality: 15 confirmations per transaction
Use Cases for MINA Token
MINA serves multiple functions within the ecosystem:
- Staking: Secure the network and earn rewards
- Transaction Fees: Pay for zkApp computations
- Governance: Vote on protocol upgrades
- Snarketplace Currency: Incentivize proof generation
👉 Learn about staking MINA for passive income
Frequently Asked Questions (FAQ)
Why is Mina called the "lightest blockchain"?
Mina's fixed 22KB size allows anyone to run a node—even on smartphones—unlike blockchains requiring terabytes of storage.
How does Mina ensure privacy?
Through zk-SNARKs, users prove transaction validity without exposing sensitive data, enhancing confidentiality.
Where can I buy MINA tokens?
MINA is available on major exchanges like Crypto.com, Binance, and OKX. Always verify liquidity and security before trading.
What’s the max supply of MINA?
The total supply will grow via block rewards, with ~500M MINA minted over six years post-mainnet launch.
Can I stake MINA in a wallet?
Yes! Use Mina’s official wallet or supported custodial services. Staking rewards vary by validator performance.
Future Outlook
Mina’s lightweight architecture positions it uniquely for Web3 adoption, particularly in:
- Mobile-first dApps
- Privacy-focused DeFi
- Scalable identity solutions
With ongoing development of zkApps (zero-knowledge applications), Mina could become a cornerstone for trustless, private computations across industries.
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