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Recent Developments, Future Events, Price Updates, and Community -Breaking

by Mike Robinson

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Mina (MINA), News, Future Events, Updates on Prices, Community and Other Information
  • Mina Protocol, a lightweight blockchain project (MINA), celebrated its 120,000th anniversary with 200 stake pools and a record number of blocks.
  • Mina (MINA), a cryptocurrency exchange that has surpassed 100,000 accounts in a single day, was finally listed by Coinbase (NASDAQ) a few days later.
  • Mina Protocol developers are currently working to create a bridge that will allow Ethereum developers to access the Mina blockchain.
  • The price of MINA rose more than 100 percent in the past three weeks to $3.5 per month.

Devs are constantly coming up with new ideas in the quest to build the perfect blockchain. Mina Protocol takes a unique approach, creating a minimal “succinct blockchain” to curtail computational requirements to run dApps more efficiently.

Mina Blockchain’s developers say it will measure 22 KB. Other blockchains currently in use have over 300 GB. Mina describes itself as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage.

What makes the minimalist blockchain different from the rest?

Latest Developments

Mina celebrated the 1st anniversary of its mainnet’s launch in March with some significant developments. Mina received $92 million through strategic and private sales funding. FTX Ventures was the lead investor and Three Arrows Capital led the financing round.

The company said that proceeds from the funding round will be used to attract developers and drive Mina’s adoption as the leading zero-knowledge platform within Web3.

Mina also announced later in the month that Mina had set a new milestone of over 120,000 blocks and more than 200 staking pool records. The company later revealed that more than 90% of MINA tokens eligible were staked or delegated.

Mina, which had 100,000 accounts active on Mina’s ledger in March 2017, accumulated 25,000 more than the four previous months.

Mina was able to record another win when Coinbase published the MINA token for sale on Wednesday April 6. The MINA tokens saw a 10% increase in value after being listed on the biggest exchange in America.

Future Events

Mina Foundation has identified some key events that will help the Mina Project reach its highest heights. Developers are working right now on the Bridge to Ethereum: One Way Mina > Ethereum project.

The bridge is scheduled to be launched in Q2 and will enable Ethereum developers access to the Mina state through the Ethereum Virtual Machine.

zkApps testing, which takes place in a number of stages to verify the network’s stability, is ongoing. Mina developers have scheduled the Testnet “Berkeley” to launch in Q2.

After the Berkeley testnet, there will be a Mina Improvement Proposal (MIP) to decide on a hard fork for zkApps to enable easy zkApps’ programmability on Mainnet.

Pricing Updates

Mina celebrated its first anniversary on March 15. A series of developments has helped Mina increase by more than twofold in the past three weeks. MINA’s value was $1.59 on March 15. On April 8, however, MINA reached an Interday High of $3.5

MINA price chart between March 15th and April 8 Source: Tradingview

After hitting $3.5, MINA traded at $3.2231, and CoinMarketCap ranked it as the 71st biggest cryptocurrency with a market capital of $1.45 Billion.

Flipside

  • Users have criticised Mina’s slow rollout of new features.
  • Mina was first launched in 2017 but some of its features have not yet been fully implemented.

Community

Mina Foundation believes that the Mina project is at its heart in the hands of the communities. The community is actively involved in developing the project.

Thanks to great community involvement, the Mina community’s size grew significantly from 100,000 in March to 270,000 in March. Mina residents are quick to express support for MINA tokens’ future and be bullish about it.

In anticipation of the launch Ethereum bridge, @CxDegen crypto trader has some words to say about Mina

@youviixbt writes;

The project was also written by @cji1108, another Twitter user (NYSE :).

What You Need to Care About

Mina offers an innovative solution to blockchain’s scaling issues. Mina is a potential leader in a new generation blockchains, if the team of developers delivers as promised in Q2 – and beyond.

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