In this article we are going to talk about a project, which is kind of magic in blockchain world. Some ICOs may not be profitable in short-term since their native tokens may decrease in price when entering the market. However, many users could raise their investment up to 10 or 20 times by investing in Mina Project ICO, which was run recently. The only advantage of MINA is not in making money and profitability. This project is developed in a way that is more like a magic.
Mina Project; the lightest blockchain
In general, almost all blockchains take notable space since they use distributed ledger technology. The more network activity, the larger the size of the ledger would become. For example, the sizes of Bitcoin and Ethereum blockchains are about 350 GB and 250 GB respectively. This causes challenges for nodes since they need more memory and computing power to recall the information.
Here is where Mina protocol joins the game and solves the challenges through making its blockchain extremely tiny as 22 KB. This blockchain is designed in a way that would not surpass this amount. Therefore, Mina project main purpose is to make its blockchain available to all users and create a user-friendly environment. Meanwhile, it is possible to create a transaction recording node on a mobile phone. Thus, according to Mina protocol design, there would be no need to access the full history of blockchain data for security maintenance. Although Mina project has the lightest blockchain, it has complex technologies in its infrastructure.
MINA is the native token of Mina blockchain, which has various use cases such as rewards of registering a new block in Proof of Stake process as well as a means of payment.