“The world’s smallest blockchain” once again delighted native token holders. The point is that the value of the Mina (MINA) cryptocurrency continued to grow again. Its quotes increased by 29% compared to the previous day.. As of 20:45 Moscow time on December 24, 2023, the price of the digital currency reached $1.21.
Thus, Mina is already in 55th place in the ranking of the best in terms of maximum capitalization. The total supply of assets on the market reached $1.23 billion, and trading volumes in the last 24 hours alone exceeded $465 million.
Mina cryptocurrency (MINA) is an innovative project based on a zero-knowledge protocol (zk-SNARKs). It provides privacy and network scalability. Mina's main goal is to create a lightweight and decentralized protocol that allows participants to confirm and verify transactions without downloading the full size of the blockchain. Instead, Mina generates a several-kilobyte “mini-blockchain” that contains a summary of information about the global state of the network.
zk-SNARKs technology makes it possible to prove the accuracy of transactions without disclosing specific data. This ensures privacy and reduces the size of the blockchain. Mina also offers the creation of smart contracts that run on the protocol. It allows developers to create and deploy decentralized applications (dApps) with high levels of privacy and security.
The MINA token gives holders the opportunity to take part in voting and make decisions on the development of the network. Participants directly influence the future of the protocol. The growth in quotes began after the developers announced the launch of zkIgnite. It is a collective, community-driven innovation fund. The program provides startups with resources including grants and mentorship.