EX
EXBASI.COMLive Crypto Intelligence
⌘K
Back to News

Mina Protocol to Undergo Hard Fork on September 3rd

By Exbasi Intelligence
Sourced from Coindar
Mina Protocol to Undergo Hard Fork on September 3rd
Mina Protocol will activate the Mesa hard fork on its mainnet on September 3rd.The upgrade includes eight hours of scheduled network downtime, during which transactions cannot be submitted or processed.Refer to the official tweet by MINA:Please note during the upgrade, there will be 8 hours of scheduled network downtime throughout which you won't be able to make or process transactions.Please refer to your exchanges’ channels for additional information and updates.MINA InfoMina Protocol is a Layer 1 protocol designed to provide scalability and privacy in a distributed network. The protocol utilizes zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge) technology, which allows it to be called the lightest cryptocurrency protocol with a compressed blockchain (22 KB). This constant value makes it incredibly compact compared to other blockchains.Instead of storing the full blockchain data, participants in the Mina Protocol network only store transaction validation proofs. This enables any device, even mobile ones, to become a full node in the Mina network, significantly reducing the entry barrier and increasing decentralization.The Mina network is secured by proof-of-stake (“PoS”) consensus called Ouroboros Samisika.Based on Cardano’s Ouroboros, Ouroboros Samisika is a PoS consensus mechanism that requires far less computing power than Bitcoin’s proof-of-work (“PoW”) protocol.

AI Market Prediction

Mina Protocol to Undergo Hard Fork on September 3rd | Exbasi News