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Mina
Cryptocurrency protocol developer
- 21-100 employees
- B2B
- Cryptocurrency
- Blockchain
- Web 3.0
- East San Mateo, San Mateo, CA
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Company mission
To create a vibrant decentralized network and open programmable currency — so anyone with a smartphone can participate, build, exchange and thrive.
Our take
One of the persistent problems in blockchain technology is that of scalability. Each transaction on the blockchain is recorded in full on the ledger which grows in size with each transaction. Over size this ledger can reach prohibitive sizes - Bitcoin for instance reached a ledger size of 250Gb by 2021. Enter the Mina Foundation, which has developed a zero-knowledge "succinct" blockchain that works through snapshots of the state of the blockchain, which greatly reduces the difficulty of validating transactions.
Cryptocurrency is currently experiencing serious economic headwinds, and Mina is no exception. However it is working hard to buck the downward trends, for instance by attracting new developers to its network by offering grants. Regardless of whether this will be successful in stabilizing Mina's currency in the short term, the fact remains that infrastructural developments such as Mina's succinct blockchain will be essential for the future development of Web3.
Mina recently raised funds through a large-scale token sale. This investment has been used to develop the protocol and to prepare the next cohort of applications for the Mina ecosystem. They are also looking to invest in talent, particularly in software engineering. So long as decentralization continues to be a driving motive in blockchain development, Mina stands to develop as a considerable force in this sector.
Kirsty
Company Specialist at Welcome to the Jungle
Company values
- Respect: Above all, we respect each other. That’s why we stand for equality and fairness. Why we’re committed to decentralization. And why we strive to always be inclusive and accessible.
- Curiosity: It’s our obsession to understand and solve. Our attraction to big questions and impossible problems. Our love of collaboration and exploration. It’s our imagination, at work.
- Excellence: We demand the best of ourselves. Elegant solutions. Symphonic systems. Technical beauty. We’re committed to creating tech people can depend on. We enjoy the process and deliver results.
- Openness: We’re all about being there for our community. Empowering people with helpful information. Sharing where we are. Owning our mistakes. And serving our vision with humility.
Funding (1 round)
Mar 2022
$92m
EARLY VC
Total funding: $92m
Leadership
Evan Shapiro
(CEO)Co-founded and was previously CEO at 0(1) Labs.