Mina, a layer-1 blockchain, has recently launched the OpenMina node browser concept, jolting its token value by over 33%.
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Simplified Explanation of Mina
Mina, previously known as Coda Protocol, aims to enhance blockchain technology by replacing traditional bulky setups with cryptographic proof. This results in a lightweight blockchain of just 22 kilobytes, known as a “zkApps” or zero-knowledge smart contracts.
OpenMina Node Browser Innovation
Through a partnership with Viable Systems, Mina introduced OpenMina, an accessible web node browser concept. This groundbreaking concept removes barriers to node operation, empowering anyone to participate in Mina’s network directly through a browser like Chrome or Firefox.
Enhanced Decentralization and Security
OpenMina addresses the critical need for decentralization in blockchain networks. By simplifying node participation with minimal hardware requirements, even mobile phones can run a node. CEO Evan Shapiro emphasizes that OpenMina aligns with Mina’s core value of decentralization, which strengthens network security.
Stay Informed with Mina Resources
- Website: Mina Protocol
- Twitter: @MinaProtocol
- Telegram: Mina Protocol Official
- Reddit: MinaProtocol
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FAQ
What is a “zk-SNARK”?
ZK-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. It is a cryptographic proof that verifies the authenticity of data without revealing the data itself. This allows Mina to have a small blockchain while maintaining a complete record of network state.
What is “Ouroboros Samisika Proof-of-Stake”?
Ouroboros Samisika is a proof-of-stake consensus mechanism originally developed by Cardano. It ensures that all participants in the Mina network have a fair chance to validate transactions and contribute to the blockchain’s growth.
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