Mina Protocol to Host Community Call on May 2nd
Mina Protocol is set to host a community call on May 2nd on Discord. The Mina Foundation will lead the call, which will provide an overview of the Core Grants program, explaining its purpose and the process involved.
Refer to the official tweet by MINA:
Mina Protocol (httpz) 🪶@MinaProtocolאפר' 30, 2024Mark your calendar for the upcoming Core Grants community call on May 2 in Discord → https://t.co/X9CmwZHIhH
In this call, @MinaFoundation will outline what the program is all about, how the process works, and discuss the latest Requests For Comment (RFCs) and Requests For…
MINA Info
Mina Protocol is a Layer 1 protocol designed to provide scalability and privacy in a distributed network. The protocol utilizes zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge) technology, which allows it to be called the lightest cryptocurrency protocol with a compressed blockchain (22 KB). This constant value makes it incredibly compact compared to other blockchains.
Instead of storing the full blockchain data, participants in the Mina Protocol network only store transaction validation proofs. This enables any device, even mobile ones, to become a full node in the Mina network, significantly reducing the entry barrier and increasing decentralization.
The Mina network is secured by proof-of-stake (“PoS”) consensus called Ouroboros Samisika.
Based on Cardano’s Ouroboros, Ouroboros Samisika is a PoS consensus mechanism that requires far less computing power than Bitcoin’s proof-of-work (“PoW”) protocol.