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About Mina
How Does Mina Protocol Function?
Mina is similar to Bitcoin, apart from how it handles transactions, but also employs the account model used in Ethereum. In this respect, the difference between Bitcoin and Ethereum is that the state of the Bitcoin blockchain contains a list of unspent coins, while Ethereum’s state is made up of account balances. Mina, on the other hand, uses a prover (or snarker, if you will), an equivalent of a miner, to ensure each block commits to the state. Mina employs the Ouroboros Samasika, a type of PoS mechanism specially designed for succinct decentralized networks since it provides bootstrapping from a genesis block. Succinct blockchains contain two major functions: verify and update. Verification touches on consensus, blockchain summary and blocks, while the update function interacts with consensus and chain summary. Apart from the above implementations, the project uses a parallel scan state to optimize transaction processing speed, which works by grouping unproven blocks and assigning the process to parallel provers.
What Is Mina Protocol’s Main Objective?
Mina is working on achieving an efficient distributed payment system that enables users to natively verify the platform right from the genesis block. Its technical whitepaper calls this a “succinct blockchain.” The protocol uses Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs), a cryptographic proof that enables someone to authenticate information without revealing said information. However, enabling a user to trace the platform back to its genesis block can be impractical in a large network. As such, Mina incrementally computes SNARKS that concentrate only on the last few blocks — meaning that end-users check that zk-SNARK-compressed proof, instead of a block’s entire transaction history. At the heart of Mina protocol is MINA, its native currency, which functions as a utility coin and medium of exchange.
What Is Mina Protocol?
Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020. To learn more about this project, check out our deep dive of [Mina Protocol](https://coinmarketcap.com/alexandria/article/what-is-mina-protocol). The Mina network has a size of only 22 KB, which is miniscule when compared to Bitcoin’s 300 GB blockchain.
Mina News
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Crypto technologies are redefining the digital frontier. Innovations in blockchain, privacy, and user experience are paving the way for mainstream adoption and a new era of finance.
Oct 16, 2025 at 05:50 am
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Exploring the latest trends in altcoin development, developer focus, and the increasing integration of crypto into traditional finance.
Oct 08, 2025 at 03:36 am
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RAK Properties in the UAE now accepts Bitcoin and other cryptos for real estate, signaling a shift towards digital assets in the property market.
Sep 02, 2025 at 09:46 pm
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RAK Properties now accepts Bitcoin, ETH, and USDT for property transactions, highlighting the UAE's growing crypto adoption and attracting global investors.
Sep 02, 2025 at 01:48 pm
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RAK Properties partners with Hubpay to accept crypto, signaling a shift in UAE real estate. Discover how Bitcoin, Ethereum, and Tether are revolutionizing property transactions.
Sep 02, 2025 at 05:29 am
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From trade buzz to superstar meetups, Paige Bueckers, Micah Parsons, and Luka Doncic are making headlines. Dive in to explore the latest.
Aug 30, 2025 at 07:26 am
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From ancient silver in Israel to modern crypto-laundering schemes and meme coins, the world of money is always changing. Here's what's trending.
Aug 23, 2025 at 03:39 pm
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A Queensland holidaymaker's incredible find! A 100-million-year-old pearl, dubbed 'paleontological gold,' surfaces, captivating scientists and history buffs alike.
Aug 22, 2025 at 09:10 pm
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Altcoins are poised for growth as developer focus shifts towards real-world applications, signaling a maturing crypto landscape. Institutional interest and regulatory clarity further fuel this evolution.
Jul 07, 2025 at 03:17 pm
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