Mina Protocol is a condensed blockchain designed to reduce computational requirements of networks so that decentralized applications (dApps) can run more efficiently. Mina is the world’s lightest blockchain, with a total size of only 22 KB, which is tiny in comparison with Bitcoin’s 300 GB blockchain. The size of the Mina blockchain was created to remain constant regardless of how many people are using it, without sacrificing security and decentralization.
The ultimate goal of the Mina protocol is to create an efficient, distributed payment system that allows users to send and verify payments almost instantly.
MINA is the Mina Protocol’s native currency. It can be used for staking, which will earn users rewards while helping to secure the network. It will also eventually be used as a governance token to vote on future upgrades and proposals submitted by the Mina community.
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