Upbit, the largest cryptocurrency exchange in South Korea, announced on July 11, 2023 that it will support the trading of MINA, a digital asset of the Mina blockchain network, on the BTC market.
MINA is a lightweight blockchain network that uses zero-knowledge proofs to reduce the size of the blockchain and enable anyone to join the network.
According to the announcement, Upbit users can start depositing tokens and trading at 10:00 CEST (07:00 UTC) within three hours of the announcement. Upbit reports that only deposits from the Mina network are supported.
It is known that volatility often increases in the price of altcoins listed by South Korean exchanges. Similarly, we see that there is movement in the price in the MINA chart.
According to its official website, Mina is a project that aims to create a decentralized, scalable and secure blockchain platform that can interact with any website and verify any type of computation.
By using zk-SNARKs, a cryptographic technique that can generate proofs of verification without revealing any information, Mina can reduce the size of her Blockchain to 22 KB, regardless of the number of transactions or users. This way, anyone with a smartphone can run a full node and verify transactions without the need for intermediaries.
*Not investment advice.
