Mina is up almost 85% over the past seven days amid the latest itemizing on UpBit in opposition to the Korean received.
Mina (MINA) is now buying and selling at $0.6712 after seeing a virtually 85% improve over the past seven days. It doubled its worth yesterday on information that UpBit listed the token in opposition to the Korean Received.
![Mina is up 85% in one week amid Upbit listing - 1](https://crypto.news/app/uploads/2023/10/MINA_7D_graph_coinmarketcap.jpeg)
What’s Mina and why is it surging these days
Mina is an L1 blockchain based mostly on zero-knowledge proofs (ZKP) with good contracts written in TypeScript. It has been dubbed as the primary cryptocurrency protocol with a succinct blockchain, coming in at simply 22 kilobytes in dimension.
Mina’s key innovation is utilizing zero-knowledge proofs to construct a blockchain structure that doesn’t accumulate knowledge over time, like Bitcoin (BTC) and Ethereum (ETH). The Mina blockchain all the time stays 22 kilobytes. Verifying the present consensus state is feasible utilizing this one small zero-knowledge proof.
These zero-knowledge proofs enable for options like limitless off-chain execution of good contracts, privateness for personal knowledge, and the flexibility to write down contracts in TypeScript. Mina refers to its zero-knowledge good contracts as “zkApps.”
The community is secured by a proof of stake consensus mechanism known as Ouroboros Samisika, which is way much less energy-intensive than proof of labor protocols such because the one employed by Bitcoin. The latest value surge for Mina possible comes as extra traders uncover the venture and its distinctive structure and capabilities. The itemizing on UpBit additionally offered elevated entry and liquidity.