AltcoinsCrypto TechMina ProtocolscalingTechnologyzk-Snarks

“Tweet-Sized” Blockchain Mina Launches, Announces Token Sale

Mina, the world’s lightest blockchain, has launched its mainnet. 
Mina Launches “Tweet-Sized” Blockchain
Backed by leading venture funds like Coinbase Ventures, Three Arrows, and Polychain, the Mina protocol leverages zk-SNARKs for scalability. This technology allows the chain to always remains 22kb–the size of a couple of tweets. 
Since its inception in 2015, the Ethereum blockchain size has grown over 200GB in transactional data, as per Blockchair. The Bitcoin blockchain is much larger and growing fast. 
Source: YChartsInstead of saving every transaction, Mina’s zk-SNARKs innovation compresses the chain into a small proof and distributes this proof for validation. 
With the mainnet launch, developers will leverage the protocol to build scalable apps, which the team calls “SNARK-powered applications (Snapps).” Snapps will bank on Mina’s unique ability to connect to any website and use web data with the blockchain in a privacy-preserving manner.
According to Evan Shapiro, CEO and co-founder of O(1) Labs, the creators behind Mina, the mainnet features allow developers to build a “seamless gateway to privately connect the real world with crypto.”
Besides the mainnet release, the team has organized a community sale of native MINA tokens in partnership with crypto exchange CoinList. This includes 75 million tokens or 7.5% of the initial distribution of 1 billion tokens offered to non-US persons only. 
Story continues on Crypto Briefing

Related posts
AMMsBalancerDEXsGauntletTechnology

Balancer Partners with Gauntlet, Launches Dynamic-Fee Pools

Gauntlet is bringing dynamic-fee pools to Balancer.  Dynamic-Fee Pools Coming to Balancer  Balancer is introducing dynamic-fee pools.  The DeFi keystone is partnering with Gauntlet, a simulation platform for on-chain risk management. Using techniques developed in algorithmic trading, Gauntlet’s involvement in…
GoogleLatest NewsNeevaNeeva search enginesearch engineSridhar RamaswamyTech NewsTechnologyTechnology NewsUdi ManberVivek Raghunathan

Former Google Employees Build Neeva, A New Search Engine

E-Crypto News’ update provides the latest articles on technology and cryptocurrencies. e-cryptonews.com Continue reading Former Google Employees Build Neeva, A New Search Engine at E-Crypto News. Story continues on E-Crypto News
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Monero, NEM, Augur Price Analysis: 23 March

Monero was trading at the helm of its $215.7-support level, with its bearish indicators spelling short-term losses over the coming sessions, at press time. On the contrary, NEM was moving within a horThe post Monero, NEM, Augur Story continues on…