The Beuaty of Mina protocol's technology.
How mind blowing it is, and how it works in providing utility.
More about the innovative protocol here. ↓
#minaprotocol #mina $mina
How mind blowing it is, and how it works in providing utility.
More about the innovative protocol here. ↓
#minaprotocol #mina $mina
1/ Background
#Mina is a layer one protocol designed to deliver on the original promise of blockchain — true decentralization, scale and security.
blockchains are designed to be held accountable by its users.
#Mina is a layer one protocol designed to deliver on the original promise of blockchain — true decentralization, scale and security.
blockchains are designed to be held accountable by its users.
When anyone can enforce the rules by validating an irrevocable public ledger — power remains in the hands of the many, not the few.
This decentralized structure is what allows the network to conduct trustless transactions.
This decentralized structure is what allows the network to conduct trustless transactions.
2/ The problem
In practice, this hasn’t been the case.
With legacy blockchains like Bitcoin and Ethereum, when a new participant joins, they have to check every transaction since the beginning of the network to verify correctness.
In practice, this hasn’t been the case.
With legacy blockchains like Bitcoin and Ethereum, when a new participant joins, they have to check every transaction since the beginning of the network to verify correctness.
The result, hundreds of gigabytes of data.
Most people can’t afford the computing power it takes to verify these heavy chains on their own and are forced to trust increasingly powerful intermediaries.
Most people can’t afford the computing power it takes to verify these heavy chains on their own and are forced to trust increasingly powerful intermediaries.
This means most folks can no longer connect peer-to-peer — causing decentralization to :
1. suffer,
2. power dynamics shift, and
3. The network becomes more vulnerable to censorship.
1. suffer,
2. power dynamics shift, and
3. The network becomes more vulnerable to censorship.
3/ The solution.
#Mina offers an elegant solution:
Rather than apply brute computing force, Mina uses advanced cryptography and recursive zero knowledge proofs to deliver true decentralization at scale.
#Mina offers an elegant solution:
Rather than apply brute computing force, Mina uses advanced cryptography and recursive zero knowledge proofs to deliver true decentralization at scale.
Mina replaces the blockchain with an easily verifiable, consistent-sized cryptographic proof.
#Mina dramatically reduces the amount of data each user needs to download.
#Mina dramatically reduces the amount of data each user needs to download.
And Instead of verifying the entire chain from the beginning of time, participants fully verify the network and transactions using recursive zero knowledge proofs.
Nodes can then store the small proof, as opposed to the entire chain.
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.
Keep an eye on this project because it shows much promise.
Keep an eye on this project because it shows much promise.
What's your opinion about #mina?
What did I miss?
Follow @minaprotocol for more updates and
Please follow @2xnmore, for more educational threads 🧵.
That's all for now fam.
#minaprotocol #mina $mina
What did I miss?
Follow @minaprotocol for more updates and
Please follow @2xnmore, for more educational threads 🧵.
That's all for now fam.
#minaprotocol #mina $mina
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