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.
Looking to buy Mina Protocol? You can sign up to the Swyftx Crypto Exchange now and start trading today.
Swyftx’s trading fees are lower than many other exchanges in New Zealand, meaning you can focus on trading and not worry about fees.
Verify your account in a couple of minutes and deposit NZD to get started with trading Mina Protocol and heaps of other cryptocurrencies.
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Deposit and withdraw NZD via bank transfer.
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