Which country issued mina currency?

Mina Coin is the native token of the Mina protocol, issued by Protocol Labs in 2021, and is used for payment network transactions, governance, and staking. The innovation of the Mina protocol lies in the lightweight and scalability of its blockchain, which always maintains a constant size of approximately 22KB, making it easy to run on mobile devices.

The Origin of Mina Coin

mina Coin is the native token of the Mina protocol and was issued by Protocol Labs in 2021. Protocol Labs is a company focused on building decentralized internet infrastructure and is also known for creating Filecoin.

Innovation of Mina Protocol

The main features of Mina Protocol are the lightweight and scalability of its blockchain. Unlike traditional blockchains such as Bitcoin or Ethereum that require downloading and storing the entire blockchain history, Mina's blockchain size remains constant (~22KB). This makes the network more user-friendly and can easily run on mobile or low-power devices.

Uses of mina coins

Mina coins have several uses in the Mina protocol:

• Transaction fees: mina coins are used to pay for transactions on the network.
• Governance: Users holding mina coins can participate in network governance and vote on changes and improvements to the protocol.
• Staking: Users can stake mina coins to help protect the network and receive block rewards.

Distribution of mina coins

The token distribution of the Mina protocol is as follows:

• 35% is used for the community, through airdrops distributed in the form of grants, grants and miner rewards.
• 28% goes to the Protocol Labs team and early backers.
• 31% is used for core development and ecosystem growth.
• 6% reserved for future use.

The above is the detailed content of Which country issued mina currency?. For more information, please follow other related articles on the PHP Chinese website!