The Mina Protocol is a crypto blockchain with the purpose of solving scalability issues inherent to many proof-of-work (PoW) blockchain networks. Using its small block size and the zk-SNARK system, Mina crypto allows more people to run nodes. Additionally, users gain the ability to keep their data decentralised and safe on a concise and scalable blockchain.
The blockchain works on the proof-of-stake (PoS) consensus mechanism, together with the proof-of-validity system, to minimize computing power and reduce file sizes. Mina incorporates that notion with the Zk-SNARK “Zero-Knowledge Succinct Non-interactive Argument of Knowledge” system, which aims to solve the problem of scalability. Instead of large files shared, SNARKs are shared, which allows data to be secure and makes the blockchain much more efficient.
The native Mina coin is MINA, which is used to process Mina crypto network transactions, and for staking.
How To Buy Mina or Add it to your Strategy
The fastest, most convenient way to purchase Mina is to purchase it on ICONOMI. We check Mina live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Mina by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Mina is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Mina, we recommend you read the next section, as copying might be a better approach.
Add Mina to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Mina in their structure.