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What is MINA coin and how does it work?

by Financial Economy

Mina Protocol is a project that aims to connect the real world with the cryptocurrency world. The native token of the Mina protocol network is the Mina token. Used when paying Mina SNARK and block producers. Detailed information about what is MINA coin and how does it work, how much it costs, how to buy, etc. is located in the continuation of the content. You can browse here for information about Bytecoin (BCN).

What is MINA coin and how does it work?

Mina protocol uses the world’s lightest blockchain chain. Unlike first-generation blockchains such as Bitcoin or Ethereum, Mina uses a chain of about 22 kb so that participants can quickly synchronize the entire chain. Mina is designed to scale while maintaining the highest levels of flexibility, security, and privacy for users without sacrificing decentralization. Due to its small size, the pool of validation nodes suitable for Mina is much more inclusive, making it more suitable for decentralization and availability. Essentially, Mina is built differently so that it is accessible to end users even if it grows.

Mina coin builds a privacy-protecting gateway between the real world and crypto. By design, the entire Mina blockchain is about 22kb. That’s the size of a few tweets. This allows anyone to establish a peer-to-peer connection and quickly sync and verify the chain.

How to buy Mina coin? How much does MINA cost?

Mina coin can be purchased on “trusted” cryptocurrency exchanges where it is listed. Before trading, the stock market should be well researched and reliable/well-known stock markets should be preferred. As of August 17, 2021, the price of 1 MINA is around $3.40. As of August 17, the circulating supply of Mina coin is 195,727,677 units, and the total supply is 824,104,972 units.

Note: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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