Friends, hello everyone! Today we'll talk with you about a very cool project called Mina-protocol. Mina Protocol is a blockchain that uses a zero knowledge proof cryptographic technology. Mina is a Layer 1 protocol that is designed to fulfill the original purpose of the blockchain, which is true decentralization, scalability, and security. In legacy blockchains such as ethereum, bitcoin, when a new participant joins it, he must check each transaction first on the network to make sure it is correct. And this currently amounts to hundreds of gigabytes of data. Specifically using bitcoin as an example, it is currently 330 gigabytes. Most people cannot afford that kind of computing power, so most people cannot connect to a peer-to-peer network, resulting in decentralization, power dynamics change, and the network becoming more vulnerable due to censorship. This problem is solved by the Mina protocol. Mina offers an elegant solution: replacing the blockchain with an easily verifiable cryptographic proof of constant 22kb size. Rather than validating the entire chain from the very beginning to the very end, participants fully validate the network and transactions using recursive zero knowledge proofs. Otherwise, they are also called zk-SNARKs. Then the nodes can only store that proof, not the whole chain. And because it is a constant size, Minu Protocol remains accessible and can be accessed trustlessly from any device, even if it scales to millions of users and accumulates transaction data over the years.
Website: https://minaprotocol.com/
Сhallenges: http://bit.ly/CommunityLeaderboardCha...
Discord: https://bit.ly/MinaDiscord
Telegram: http://bit.ly/MinaTelegram
Twitter: https://twitter.com/MinaProtocol
Medium: https://medium.com/MinaProtocol
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