{"id":6497,"date":"2021-11-25T18:29:02","date_gmt":"2021-11-25T15:29:02","guid":{"rendered":"https:\/\/www.paribu.com\/blog\/?p=6497"},"modified":"2026-01-16T10:35:54","modified_gmt":"2026-01-16T07:35:54","slug":"mina-mina-explained-in-6-easy-steps","status":"publish","type":"post","link":"https:\/\/www.paribu.com\/blog\/en\/cryptocurrency\/mina-mina-explained-in-6-easy-steps\/","title":{"rendered":"Mina (MINA) Explained in 6 Easy Steps"},"content":{"rendered":"<p><strong>Known as &ldquo;the world&rsquo;s lightest blockchain&rdquo;, Mina is a protocol with an ability to remain in a fixed size of 22kb despite the growth in use. The network&rsquo;s native cryptocurrency is called MINA.<\/strong><\/p>\n<p><strong>1.When was it founded and by whom?<\/strong><\/p>\n<p>MINA is a project developed by O (1) Labs in June 2017. Originally called the Coda Protocol, it was renamed as Mina in October 2020.<\/p>\n<p><strong>2.MINA&rsquo;s infrastructure<\/strong><\/p>\n<p>Although MINA is a Bitcoin-based protocol, it operates based on Ethereum&rsquo;s ledger model.&nbsp;Instead of mining, it uses a block confirmation system called SNARK.<\/p>\n<p><strong>3.What does it offer to users?<\/strong><\/p>\n<p>Even though it uses blockchain&nbsp;network due to its structure, MINA takes up a very small space and this is a fixed size. Due to this feature, it is defined as a sustainable and eco-friendly blockchain. It has introduced an innovative approach to Proof of Stake (PoS) algorithm.<\/p>\n<p><strong>4.Can MINA be mined?<\/strong><\/p>\n<p>MINA is not a type of cryptocurrency&nbsp;that allows mining activities.<\/p>\n<p><strong>5.All-time low, all-time high (ATH), and total supply<\/strong><\/p>\n<p>MINA&rsquo;s all-time low price was $0.9233 on July 21<sup>st<\/sup>, 2021 while all-time high price was $5.45 on June 3<sup>rd<\/sup>, 2021. Circulating supply of the cryptocurrency is 210,736,193 MINA and the total supply is 824,104,972 MINA.<\/p>\n<p><strong>6.How to trade MINA on Paribu?<\/strong><\/p>\n<p>By clicking on the link, you can trade MINA on Paribu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Known as &ldquo;the world&rsquo;s lightest blockchain&rdquo;, Mina is a protocol with an ability to remain in a fixed size of 22kb despite the growth in use. The network&rsquo;s native cryptocurrency is called MINA. 1.When was it founded and by whom? MINA is a project developed by O (1) Labs in June 2017. Originally called the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[212],"tags":[],"class_list":["post-6497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=6497"}],"version-history":[{"count":1,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6497\/revisions"}],"predecessor-version":[{"id":22827,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6497\/revisions\/22827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media\/24587"}],"wp:attachment":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=6497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=6497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=6497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}