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Mina Protocol Price (MINA)
Mina Protocol (MINA) Chart
Mina Protocol (MINA) Return On Investment(ROI)
Mina Protocol (MINA) Price Now
Mina Protocol price today is $0.3815 with a 24-hour trading volume of $3,029,927. MINA price is up 1.01% in the last 24 hours. It has a circulating supply of 972.64Mil MINA coins and a total supply of 1.08Bil.
In order to search for real-time and historical information about Mina Protocol (MINA) blockchain, including data related to blocks, transactions, addresses, and more, you may use Mina Protocol (MINA) block explorers. Here are some of the most popular and useful Mina Protocol (MINA) blockchain explorers out there:
What Is Mina Protocol(MINA)?
Mina is a layer one protocol designed to deliver on the original promise of blockchain — true decentralization, scale and security. Mina offers an elegant solution: replacing the blockchain with an easily verifiable, consistent-sized cryptographic proof. Mina dramatically reduces the amount of data each user needs to download. Instead of verifying the entire chain from the beginning of time, participants fully verify the network and transactions using recursive zero knowledge proofs (or zk-SNARKs). Nodes can then store the small proof, as opposed to the entire chain. And because it's a consistent size, Mina stays accessible — even as it scales to many users and accumulates years of transaction data.
What Are the Features of Mina Protocol(MINA)?
- Own Your Data, Mina's zkApps, smart contracts powered by zero-knowledge, keep users in control of their privacy by validating and sharing proofs of their data, rather than the data itself.
- Access Mina from Other Chains, Given Mina's lightweight design and the off-chain nature of Mina's zkapp smart contract computations, it's easy to use the Mina proof system from other chains.
- Connecting Crypto to the Real World, Mina's zkApps can privately interact with any website and access verified real-world data for use on-chain.
- Every Participant is a Full Node, Mina's lightweight 22kb blockchain means anyone can easily connect peer-to-peer and validate transactions like a full node, ensuring strong censorship resistance and security for the blockchain.
- A Global Community, Mina is powered by participants.
What Can I Do on the Mina Network?
Any node can send and receive transactions on the Mina network. Additionally, any node can choose to be a "Node operator". Node operators play two specific roles:
- Block Producer - this is analogous to being a Bitcoin "miner" or a "validator" in other proof-of-stake networks. By staking mina, you can be selected to produce a block and win the block reward
- Snark Worker - this job is what helps compress data in Mina's network. The snark worker nodes generate proofs of transactions, and the block producer buys these proofs on the network (we call it a "snarketplace" :)) - thus, the snark worker gets rewarded a bit of the block reward for their efforts.
What Consensus Algorithm does Mina Use?
Mina's consensus mechanism is an implementation of Ouroboros Proof-of-Stake. Due to Mina's unique compressed blockchain, certain aspects of the algorithm have diverged from the Ouroboros papers, and the version Mina uses is called Ouroboros Samisika. Stay tuned for more details on Ouroboros Samisika and some technical writeups on its details and implementation.
How Does Mina Achieve Scalability?
Mina achieves scalability through the use of recursive zk-SNARKs. By generating a proof that attests to the validity of historic blockchain states, Mina can keep the blockchain size fixed. This allows for increased throughput due to block size limits not being as taxing on the network, thereby increasing the scalability of the network.
Who Are the Founders of Mina Protocol(MINA)?
In June of 2017, O(1) Labs kicked off an ambitious new open source project to design a layer one protocol that could deliver on the original promise of blockchain—true decentralization, scale and security. Rather than apply brute computing force, Mina offers an elegant solution using advanced cryptography and recursive zero knowledge technology.
The project has come a long way since 2017. Mina is now stewarded by the Mina Foundation, growing its community and ecosystem worldwide. Several testnets have been conducted, and the network has launched successfully on mainnet as of March 2021. Here, developers build powerful zkApps, or decentralized apps based on zero knowledge, so their users can take advantage of dapps without compromising their privacy or security.
Where Can You Buy Mina Protocol(MINA)?
Investing in Mina Protocol can seem complicated, but it is much easier when you buy Mina Protocol through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Mina Protocol — both for fiat money and other cryptocurrencies. Some of the most popular Mina Protocol cryptocurrency exchange are:
Mina Protocol (MINA) Community
Mina Protocol FAQ
What is the price of Mina Protocol (MINA) coin?
The current Mina Protocol usd price is $0.3815. We update the Mina Protocol USD price in real time. Get live prices of Mina Protocol on different cryptocurrency exchanges around the world on Coincarp.
Is Mina Protocol (MINA) coin a good investment?
It depends on your personal risk tolerance and investment goals. Mina Protocol is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Mina Protocol investing, you will also need to understand the Mina Protocol project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Mina Protocol investing are by participating in Spot, Perpetual, ETF/Leveraged trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Mina Protocol (MINA) coin crypto?
You can buy Mina Protocol from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Mina Protocol. Cryptocurrency exchanges that currently support Mina Protocol trading include:
If there is any error, please feedback to us, our email is firstname.lastname@example.org. Please be aware that buying and selling Mina Protocol involves high risks.You should always do your own research and make sure you understand the risks associated with Mina Protocol trading before you begin.
How to short Mina Protocol (MINA) coin?
The easiest way to short Mina Protocol is through margin trading, usually with Perpetual contracts, Futures contracts, ETF/Leveraged. Only a few cryptocurrency trading platforms allows short selling due to the considerable risk involved in this type of trading.
To start shorting Mina Protocol, open a margin account, provide some collateral for your short position, borrow some coins from the trading platform, and start short selling. Keep in mind that shorting Mina Protocol or any other cryptocurrency is high-risk. Exchanges that currently support shorting Mina Protocol are:
What will Mina Protocol (MINA) coin be worth in 5 years?
It is impossible to predict what Mina Protocol will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Mina Protocol's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Mina Protocol 5 years from now.
MINA Price Statistics
- Mina Protocol Price Today
Mina Protocol Price
24h Low / 24h High
$0.3757 / $0.3844
Trading Volume 24h
Volume/Market cap (24h)
- Mina Protocol Market Cap
Fully Diluted Market Cap
- Mina Protocol Price History
7d Low / 7d High
$0.3667 / $0.393
30d Low / 30d High
$0.3562 / $0.4109
90d Low / 90d High
$0.3562 / $0.5245
52 Week Low / 52 Week High
$0.3562 / $1.23
All Time High
All Time Low
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