The crypto world is changing and developing with each day. While the notion of decentralized blockchains is appealing, there are certain concerns about the most mainstream crypto eco-systems. Today we will take a look at such blockchains as Mina and Solana to find out the difference between the two. If we compare mina vs sol – which one operates on a better platform, which one is more sustainable – all of these you can read in this article.
What is Mina?
The Mina Protocol is a recent development in the cryptoworld that boasts a completely new approach to blockchains. It is based on the principle of zero-knowledge. It is an alternative to blockchains like Bitcoin and Ethereum that require constant increase of nodes to operate. With Mina – allegedly the lightest blockchain so far, such issues of accessibility are out of the picture. The blockchain runs on a proof of certificate model. It is far more convenient than the proof of work and proof of history blockchains.
What is Solana?
Solana is by far one of the top blockchains in the cryptoworld, second only to Ethereum and Bitcoin. It runs on both proof of history and proof of stake standards. This makes it a more advantageous blockchain than, for example, Ethereum, which is far more consuming time- and cost-wise. The value of the SOL token is currently at 170$, and is expected to grow. There were certain issues with Solana’s operation over the recent months, with one major outage that put the blockchain’s reliability under question. However, Solana quickly recovered and now remains one of the leading cryptocurrencies on the market.
Mina vs Solana
So how do Mina and Solana correlate? As a changelly review would show, there are certainly a lot of common things for these two blockchains, which are:
- both have decentralized framework
- both are lighter than Bitcoin and Ethereum due to PoS and PoC models
- newer crypto ecosystems that have a lot of potential
- technically more efficient in the long-run than the mainstream blockchains
The difference between Solana and Mina is primarily in the models on which the two blockchains operate. Mina uses zk-SNARK cryptography so that a block contains only a proof of certificate. Solana’s operation is dependent on storing both the history of transactions and the validator nodes. As the blockchain that utilizes zero-knowledge framework, the Mina Protocol will not increase in size like Bitcoin. This makes it easy to access and run multiple transactions without having to connect to a 300+ gigabyte blockchain. This is where Solana falls short in comparison, as it aims for higher performance than sustainability.
As you can see, both Mina and Solana fall within a category of newer, lighter, and more decentralized blockchains. They offer a more sustainable and accessible alternative to mainstream cryptocurrencies. The models of the two cryptocurrencies are slightly different. Still, the main focus is on the efficiency of a compressed and decentralized transaction system. As of today, Solana has a higher value than Mina, but in terms of convenience these two blockchainsmay even be on the same level.