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Mina Protocol: A REALLY CRAZY Crypto Project!! 🤯



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📺Important Movies📺

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– TIMESTAMPS –
0:00 Intro
1:59 What Is Mina Protocol?
5:14 Mina Protocol Expertise
8:59 Mina Protocol Structure
12:38 MINA Tokenomics
14:01 Mina Value Evaluation
16:13 Mina Protocol Scalability
18:18 Mina Protocol Safety
20:25 Conclusion

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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️

► How Mina Protocol Works:
► Mina Protocol Use Instances:
► Mina Explorer:
► Mina Staking Dashboard:
► MINA Tokenomics Particulars:
► Mina Protocol TPS Revealed:
► Mina Protocol Finality Time:
► Mina Protocol FAQ:
► Mina Protocol Archive Particulars:

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👨‍🏫What Is Mina Protocol?👨‍🏫

Mina Protocol was created by pc scientists Evan Shapiro and Izaak Meckler. Evan and Izaak have been shut pals since highschool

In a sentence, the Mina Protocol is a brilliant contract appropriate proof of stake cryptocurrency blockchain that’s designed to have a continuing blockchain measurement of 22kb

💱Mina Protocol Expertise💱

Mina Protocol makes use of one thing known as zero information proofs. Zero information proofs make it doable to show one thing while not having to supply any data to assist that proof

Mina Protocol takes this concept to the subsequent stage by utilizing one thing known as recursive zero information proofs

As an alternative of turning each transaction and block right into a 22kb snapshot, every further transaction and block turns into part of the identical 22kb snapshot

⛓Mina Protocol Structure⛓

Verifiers on Mina are like nodes on Bitcoin. Verifiers add safety to the Mina blockchain by holding that 22kb zero information proof

Block producers on Mina are like miners on Bitcoin. They stake MINA to create blocks containing transactions and earn MINA tokens from transaction charges and block rewards

Snarkers on Mina are those tasked with taking snapshots of all of the transactions going down on the blockchain. They don’t have to stake any MINA to do that

💰MINA Tokenomics💰

Mina has an preliminary provide of 1 billion tokens with no most provide. Mina’s annual inflation charge is 12% and this can drop to 7% after 2 years. This inflation schedule might be modified by neighborhood vote

If you mix Mina’s vesting schedule with its base inflation, Mina’s efficient annual inflation charge is someplace within the neighborhood of 300 %

📈MINA Value Evaluation📈

As fundamental economics dictates, if provide is bigger than demand than costs will fall. This appears to be the case with Mina because it has been in deep pink during the last week

This poor value motion could be because of the remainder of the crypto market. As soon as the markets get again on monitor nonetheless, I feel that Mina might see some spectacular value motion

👨‍💻Mina Protocol Scalability Points👨‍💻

In an interview with Decrypt earlier this 12 months, Mina Protocol founder Evan Shapiro was pressed about what number of transactions per second Mina’s blockchain can deal with. The reply was simply 22 TPS

I’m not a cryptographer by any means, however so far as I perceive this sluggish pace has to do with how these zero information proof snapshots are created. Every zk proof can take as much as 30 seconds to make

🕵️‍♂‍Mina Protocol Safety Issues🕵️‍♂‍

Mina Protocol’s predominant worth proposition is its small blockchain measurement. Nevertheless, if any massive issues come up on the Mina protocol, they should reference archival node knowledge to get the blockchain again up and working.

I wasn’t capable of pin down what number of archival nodes Mina has, however I couldn’t assist however discover that these archival nodes are apparently storing Mina’s complete blockchain historical past on the Google Cloud.

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📜 Disclaimer 📜

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific end result.

#mina #crypto #blockchain #altcoin #evaluation #zksnarks

Source: Coin Bureau

41 Responses

  1. A bit rushed on the analysis. Archive nodes can be migrated to Arweave or the distributed ledgers. tps needs usage (1-2 tps is actual not potential) so the team is focused on developer tooling – Mina can do zk-roll-ups per dApp, that will scale it very quick. I am invested so this could be seen as a shill.

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  4. ShibToTheMoon!!!! We went from "gold/silver" to "paper/digital" money, (for the non believers, ask your self) so why not to "Crypto" money? I love crypto currency! Crypto currency is the future!

  5. maybe I don't understand. I see where the current state of the ledger is, but how do you determine the previous states? Like if you had to do an audit of the ledger at a date 12 months prior? Is it still a publicly auditable blockchain?

  6. – $ARTH valuecoin can be a huge market cap stablecoin. the product is well built and will tame/kill inflation. just holding ARTH will mean you will get a 8-10% yield depending on the year's inflation.

  7. Sounds to me like they are just putting the data somewhere else so they can say it's not on the blockchain. Not to say the technology isn't interesting, but there are several issues with this that make it a non starter for me.

  8. Купил сегодня Mina protocol на 1100$, верю в проект! спасибо вам за видео! Ждём к концу года 20-30 иксов!

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