The Tie Research
Mina: The Succinct Blockchain
By Vaish Puri
April 28, 2023
- Block Producers – gather blocks to be SNARK-ed
- SNARK Workers – create zk-SNARK proofs of transactions to compress the transactions
- $MINA is inflationary with no supply cap
- 1 billion MINA tokens (not including future block rewards) initial distribution with 8 year full unlock
- “Supercharged Rewards” (double block rewards) for unlocked accounts during first 15 months of Mainnet
- A smart contract (written with SnarkyJS)
- A user interface
- Online & on-chain end-to-end data privacy [in production]
- Permissionless Web Oracles (zkOracles) [in development]
- One private internet login (zkIdentity) [in development]
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cryptodefiecosystemsMinasentimentsigdevSNARKSTARKsthetietokenomicsweb3zero-knowledgezkzkappszkSNARKzkSTARK
