Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay.
News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase.
According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts.
ZK proofs allow one party to prove to a validator that a specific statement is true without giving out any extra irrelevant information.
MINA was initially set to launch two weeks ago but was met with delays. News of the original launch sent the smart contract platform surging from $2.16 to $2.71, a 25.4% increase.
Coinbase says that the ability to buy and sell the lightweight blockchain was pushed back in order to ensure the launch would be successful.
“In order to have full confidence in a successful launch of MINA, we have made the decision to continue to delay the launch of trading.”
Yesterday, Coinbase announced that trading MINA would begin as long as proper liquidity conditions were met. Those conditions were met and MINA was officially launched for trading on the exchange today as a result.
Mina Protocol has since stabilized and is exchanging hands at $3.22 at time of writing.
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/jamesteohart/Natalia Siiatovskaia/Andy Chipus
The post Coinbase Triggers Altcoin Rally As ‘World’s Lightest Blockchain’ Hits Top Crypto Exchange appeared first on The Daily Hodl.