The Mina Protocol—the world’s lightest blockchain—is powered by participants. The Mina Foundation—a public benefits corporation responsible for stewarding the Mina protocol—is committed to providing transparency to the community regarding, among other things, its token activities, operations, holdings and protocol developments. This annual report covers a period between February 2021, when the Mina Foundation was first launched, to December 1, 2021.
Starting from the calendar year of 2022, the Mina Foundation will issue quarterly reports that highlight certain key information, including token activities and other updates relating to the Mina ecosystem.
About Mina Protocol
Mina is the world’s lightest blockchain, powered by participants. Rather than apply brute computing force, Mina uses advanced cryptography and recursive zk-SNARKs to design an entire blockchain that is about 22kb, the size of a couple of tweets. It is the first layer-1 to enable efficient implementation and easy programmability of zero knowledge smart contracts (zkApps). With its unique privacy features and ability to connect to any website, Mina is building a private gateway between the real world and crypto—and the secure, democratic future we all deserve.