Mina Price

Mina is a lightweight blockchain cryptocurrency that uses zero-knowledge proofs to solve the blockchain trilemma by balancing decentralization, scalability, and security. As the native token of the Mina Protocol, MINA powers a uniquely compact blockchain that maintains a constant size of just 22KB regardless of transaction volume. Currently ranked #247 with a price of $0.1647, Mina has seen -5.07% change in the last 24 hours with a trading volume of $840.14K. The protocol focuses on privacy and efficiency through its zero-knowledge proof technology, allowing for verification of data without revealing the data itself. With a circulating supply of 1.23B MINA and market cap of $204.07M, Mina supports decentralized applications (zkApps) that prioritize user privacy while maintaining security.

Mina was created in 2017 by O(1) Labs, founded by Evan Shapiro and Izaak Meckler. The project officially launched its mainnet on March 23, 2021. Mina was developed with the vision of creating a lightweight blockchain that uses zero-knowledge proofs to maintain a compact size while offering robust security and privacy features. The protocol aims to give users greater control over their digital lives through cryptographic computing, making blockchain technology more accessible and efficient.

Mina was founded by Evan Shapiro and Izaak Meckler through O(1) Labs. The project was officially launched in March 2021 with the goal of providing users with control over their digital assets through cryptographic computing. The founders created Mina to develop a lightweight blockchain that maintains decentralization while solving scalability issues through its unique zero-knowledge proof technology.

Mina operates on a unique blockchain architecture that maintains a constant size of 22KB, making it one of the lightest blockchains. It uses zero-knowledge proofs (zk-SNARKs) to verify transactions without downloading the entire blockchain. The network runs on a proof-of-stake consensus mechanism where MINA token holders can stake their coins to become validators or delegate to others. Currently priced at $0.1647 with a market cap of $204.07M, Mina has 1.23B MINA tokens in circulation. The protocol prioritizes privacy and scalability while enabling developers to build decentralized applications with enhanced security. Block producers earn rewards for validating transactions, and the network supports smart contracts through its Snapps (SNARK-powered applications) feature, allowing for private, verifiable computation.

Mina utilizes a revolutionary technical architecture based on a succinct blockchain design. Unlike traditional blockchains that grow larger over time, Mina maintains a constant size of just 22KB through recursive zero-knowledge proofs (zk-SNARKs). This allows the entire blockchain to be verified quickly with minimal computing resources. The protocol employs a proof-of-stake consensus mechanism where validators (called 'block producers') are selected based on their stake to create blocks. Mina's architecture features a unique 'Snarketplace' where participants can earn rewards by producing zk-SNARK proofs that verify transactions and blocks. Mina's lightweight design enables true decentralization as anyone can participate as a full node using just a smartphone or browser. The protocol also supports privacy-preserving smart contracts through its Snapps (SNARK-powered applications) framework, allowing developers to build applications with built-in privacy features while maintaining verifiability.

Mina has a promising future focused on advancing programmable zero-knowledge proofs technology. The roadmap emphasizes scaling the network while maintaining its lightweight blockchain design. Key upcoming developments include: • Enhanced privacy features and zero-knowledge applications • Expansion of the zkApps ecosystem for DeFi and privacy solutions • Improved developer tools and infrastructure • Greater interoperability with other blockchains The Mina Foundation continues to secure strategic partnerships with major tech companies and financial institutions. With backing from Coinbase Ventures and Polychain Capital, Mina is positioned to grow its market presence through 2025 and beyond. The team is committed to maintaining Mina's status as the world's lightest blockchain while expanding its utility in the privacy-focused Web3 space.