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Mina Protocol will discuss the development of the project with the community on April 8.
Mina Protocol will hold an online meeting on April 8 with the participation of Mina Foundation CEO Josh Cincinnati to discuss recent changes and answer frequently asked questions.
Information about MINA
Mina Protocol is a layer one protocol designed to ensure scalability and privacy for a distributed network. The protocol uses zk-SNARK (zero-knowledge succinct non-interactive arguments of knowledge — a succinct non-interactive argument of knowledge with zero-knowledge) technology, which allows it to be referred to as one of the “light” cryptocurrency protocols with a compressed blockchain of (22 KB).
Instead of storing the full blockchain data, participants in the Mina Protocol network only store proof of transaction confirmations. This mechanism allows any device, even mobile ones, to become a full node in the Mina network, significantly lowering the entry threshold and enhancing decentralization.
The Mina network is secured by a consensus mechanism called Proof-of-Stake (PoS) named Ouroboros Samisika.
Based on Ouroboros, created by Cardano, Ouroboros Samisika is a PoS consensus mechanism that requires much less computational power than the (Proof-of-Work, PoW) algorithm of Bitcoin.