Mina Description
We are powered by participants and the world's lightest cryptocurrency blockchain. Mina uses zero knowledge technology to create the infrastructure necessary for the secure and democratic future that we all desire. Mina can be built upon with zkApps smart contracts powered entirely by zero knowledge. The SDK, which is based on Typescript will be available shortly. Today, users are forced to give their data to central entities to participate in the modern world. Mina's smart contracts powered with zero knowledge, zkApps keep users in control of privacy by validating and sharing evidences of their data rather than the data. You can get a loan by sharing a photo of your ID and credit score rather than the data. There is no risk that your personal information will be sold or hacked. Your data is yours alone, and it will never leave your device.
Mina Alternatives
Dusk Network
Dusk Network is a technology that allows for securities. A secure, open-source, and secure blockchain (DLT), infrastructure that businesses can use to tokenize financial instruments or automate expensive processes. A distributed Financial Market Infrastructure should allow for the final settlement of transactions. The settlement of transactions should also be instantaneous or very close to it (15s). These requirements are not met by the popular proof-of work consensus mechanism used in Bitcoin and Ethereum. We created a more efficient consensus called the Succinct Agreement, which allows instant settlement of transactions in under 15 seconds. Organizations use the dusk network to issue tokens that can be governed by smart contracts that protect privacy. You can harness the power of DLT while adhering to confidentiality agreements and data protection legislation.
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DigiByte
DigiByte does more than just provide a faster digital currency. It is a blockchain that can be used to secure authentication, digital assets, smart contracts, and decentralized applications. These three layers are the most advanced parts of DigiByte's blockchain, allowing for network infrastructure, security, and communications to operate at a cutting-edge speed. The top layer functions as an app store and has clear real-world applications. You can create all types of digital assets using the DigiAssets protocol, which is atop the DigiByte Blockchain. The middle layer is responsible for administration and security. A Digital Byte of data is a representation of larger data. It can also be referred to as a unit that has value and cannot be duplicated, copied, or hacked. A public, immutable ledger that records all DigiBytes transactions. DigiByte has five proof-of-work algorithms to ensure security. Only mining produces new DigiBytes.
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Concordium
A blockchain that is compliant with today's and future economies. This allows for both private and public transactions. This allows for high throughput, fast transactions, predictable fees, and high throughput. This allows developers, traders, and businesses to harness the true potential of blockchain. Concordium's decentralised blockchain technology has layer-one ID. It offers forward-thinking companies, developers and traders cryptocurrency unrivalled security and transparency, as well as compliance with regulations if and when they are introduced. Utilizing zero-knowledge-proofs (ZKP) allows parties to verify information without exchanging or storing that information on-chain other than hash functions, so users can trust that their confidential business will become no one else's business.
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Terra
Anchor Protocol allows Terra stablecoin deposits for stable yield. It is powered by block rewards from leading proof-of-stake Blockchains. Terra stablecoins are loved by millions of merchants and users for their instant settlements, low fees, and seamless cross-border trade. Mirror Protocol allows for the creation of fungible assets called "synthetics" that track the prices of real world assets. Mirror synthetics will be used to build smart contracts and bring the world's assets onto the blockchain. You can build smart contracts in Rust or Go, or AssemblyScript. Multiple chains can be used, each connected by the Cosmos IIBC. Use Terra stablecoins, onchain swaps, layer 1 oracles as primitives. Terra's payment services can be accessed by dApp users in a permissive manner. Terra plans to make its stablecoins accessible to every developer on every blockchain. Now available on Ethereum and Solana. More to follow.
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Company Details
Company:
Mina
Website:
minaprotocol.com
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Platforms
SaaS
Customer Support
Online
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