๐ฒ Insider Information in my Socials ๐
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๐บImportant Movies๐บ
Coinbase Cryptocurrency Itemizing Standards ๐
Quickest Cryptocurrencies ๐
Suggestions To Discover Good Cryptocurrency ICOs ๐
How To Analysis Cryptocurrency ๐
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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
~~~~~
โ๏ธ ๐ Helpful Hyperlinks ๐ โ๏ธ
โบ How Mina Protocol Works:
โบ Mina Protocol Use Instances:
โบ Mina Explorer:
โบ Mina Staking Dashboard:
โบ MINA Tokenomics Particulars:
โบ Mina Protocol TPS Revealed:
โบ Mina Protocol Finality Time:
โบ Mina Protocol FAQ:
โบ Mina Protocol Archive Particulars:
~~~~~
๐จโ๐ซWhat Is Mina Protocol?๐จโ๐ซ
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
๐ฑMina Protocol Expertise๐ฑ
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
โMina Protocol Structureโ
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
๐ฐMINA Tokenomics๐ฐ
Mina has an preliminary provide of 1 billion tokens with no most provide. Minaโs 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 Minaโs vesting schedule with its base inflation, Minaโs efficient annual inflation charge is someplace within the neighborhood of 300 %
๐MINA Value Evaluation๐
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
๐จโ๐ปMina Protocol Scalability Points๐จโ๐ป
In an interview with Decrypt earlier this 12 months, Mina Protocol founder Evan Shapiro was pressed about what number of transactions per second Minaโs blockchain can deal with. The reply was simply 22 TPS
Iโm 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
๐ต๏ธโโโMina Protocol Safety Issues๐ต๏ธโโโ
Mina Protocolโs 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 wasnโt capable of pin down what number of archival nodes Mina has, however I couldnโt assist however discover that these archival nodes are apparently storing Minaโs complete blockchain historical past on the Google Cloud.
~~~~~
๐ Disclaimer ๐
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
What do you guys think of MINA? Any other projects you want me to review? Don't forget to follow me on my other social channels! ๐ https://guy.coinbureau.com/socials/
can someone translate your content to portugues and repost ?
Evan recently said in a video that it can support 1 TPS
I'll pass for now. TY
Security is not a blip on the road!!
unixdefi is so profit right now. but only in latoken.
Welp, it is 97% down now
They are still slow on transactions, lol, no advantage
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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Mina is scam
A DATABASE on google cloud, TRULY REVOLUTIONARY
Mina will do to 0 soon bzzzzz
nice video bruh, do you know YFDAI is a good defi project just DYOR.
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!
Mina is useless. It has tps of 0.1 . Completely bullshit project
look out for one of the best IDO lauchpad on bsc network. safelaunch will be having their IDO soon on BSCpad.
hoody want
Any chance of a luna video. It seems great and usd at 19ish% via its terra ecosystem? Is it too good or is it brilliant?
Great at breaking things down so the average joe like me can understand. Great job!
Can anyone explain the aggressive drop over the past couple of days?
I bet this will be an abandoned coin in a year
Pass
6:58 "you can shove it to your friends faster"
Very enlightening, thank you Guy!
Hey! Does anyone know how to buy Mina in Australia?
Mina to $250 by 2025
Listened twice, while playing online Risk.
Still mumbojumbo to me.
Radix is more interesting and promising project
Superb explanation.. already i hold 1300 mina .. i got fom ico…
Great ๐ great ๐ great ๐ great ๐ the best project
can you make a video about venus token?
Great summary – nice job
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?
This video doesnt even show up when you search Mina Protocol Coin Bureau ๐คจ
– $ARTH valuecoin can be a huge market cap stablecoin. the product is well built and will tame/kill inflation. just holding ARTH will mean you will get a 8-10% yield depending on the year's inflation.
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Sounds to me like they are just putting the data somewhere else so they can say it's not on the blockchain. Not to say the technology isn't interesting, but there are several issues with this that make it a non starter for me.
ะัะฟะธะป ัะตะณะพะดะฝั Mina protocol ะฝะฐ 1100$, ะฒะตัั ะฒ ะฟัะพะตะบั! ัะฟะฐัะธะฑะพ ะฒะฐะผ ะทะฐ ะฒะธะดะตะพ! ะะดัะผ ะบ ะบะพะฝัั ะณะพะดะฐ 20-30 ะธะบัะพะฒ!