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Mina (formerly Coda Protocol), a blockchain encryption protocol with a constant block size. The Mina protocol compresses the entire blockchain into a snapshot the size of a Twitter tweet. This means that no matter how many transactions are performed, validating the blockchain remains convenient and accessible to everyone.
Project Introduction
Mina is one of the lightest blockchains in the world, creating a private gateway between the real world and cryptocurrencies.
Project Advantages:
1. Light chain, high throughput. Keep the blockchain at a constant size, always around 22KB. Compress the verification data to reduce the amount of data required to verify the transaction, so that the entire protocol has a lightweight and high-speed network response.
2. Easily accessible. Mina will build an application ecosystem based on zero-knowledge proof (SNARK) technology, called Snapp (App driven by SNARK). Scenarios similar to credit score verification, document verification, and balance verification can be realized. Mina does not require complex and cumbersome agreements and node confirmations like other blockchains. With Mina's Snapp, developers can build decentralized applications using private, verified, real-world data from any website.
3. Decentralized, with complete nodes. In the Mina network, all nodes are full nodes, and each node can accept and verify zero-knowledge proofs. The design of Mina means that participants can participate in the proof-of-stake consensus to achieve true decentralization.
4. Dedicated and powerful application. Mina supports a whole new class of applications, optimized for privacy and scalability.
5. Programmable currency for everyone. Participants are able to directly build and interact with tokens without going through centralized wallets, exchanges or intermediaries.