Mina Price (MINA)

Mina is a blockchain protocol that aims to streamline computational requirements for running DApps more efficiently. Mina's size is designed to remain constant, regardless of usage growth, aiming to balance security and decentralization. The Mina network is notably smaller in size compared to other blockchains. The protocol's primary objective is to create an efficient distributed payment system that allows users to verify the platform from the genesis block. Mina's native currency, MINA, is used within the network for various functions.

Mina operates in a way that is similar to other blockchain protocols, with a unique approach in how it handles transactions. It also employs the account model used in other platforms. Mina uses a prover, equivalent to a miner, to ensure each block commits to the state. The protocol uses the Ouroboros Samasika, a type of Proof of Stake (PoS) mechanism designed specifically for succinct decentralized networks. Mina's succinct blockchains have two main functions: verify and update. The protocol also uses a parallel scan state to optimize transaction processing speed, grouping unproven blocks and assigning the process to parallel provers.

Mina's approach to blockchain technology involves multiple participants each handling a specific function on the decentralized network. Its compact size and efficient operation make it suitable for running DApps more efficiently, even on devices with limited computational power. The protocol's use of Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs) allows for the authentication of information without revealing the information itself. This feature could be beneficial in applications where privacy and security are paramount. Furthermore, the native currency, MINA, is used within the network for transactions and interactions between users.

Mina Protocol was initially known as Coda Protocol before undergoing a rebranding. The protocol was developed with the aim of addressing computational requirements and maintaining a constant size despite usage growth. Mina's approach to blockchain technology involves multiple participants each handling a specific function on the decentralized network. These roles include verifiers, block producers, and snarkers, each playing a crucial part in the operation and maintenance of the network.

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The current market cap of Mina is £572.79M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Mina is £4.89. This all-time high is highest price paid for Mina since it was launched.

Over the last 24 hours, the trading volume of Mina is £52.47M.

Assets that have a similar market cap to Mina include THORChain, Beam, HEX, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Mina is 1.2 billion.

The median time that Coinbase customers hold Mina before selling it or sending it to another account or address is 32 days.

Mina ranks 81 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 96% of Coinbase users are buying Mina. In other words, 96% of Coinbase customers have increased their net position in Mina over the past 24 hours through trading.

Yes, Mina is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Mina guide.