Minima: Abbreviated Introduction
Minima was founded in London in 2018. It aims to be a completely decentralized network for information and value transfer that enables individuals to exchange whatever, wherever, and whenever they want. The project was born out of the desire to build a network that empowers freedom for all. Minima is compact, scalable, and secure.
Various blockchain protocols claim to be decentralized yet have concentrated power on miners or ‘stakers’ who validate the networks. In this light, Minima seeks to ensure that every participant on their network is an equal contributor thus eliminating censorship.
The Minima protocol has been engineered to be complete at launch, requiring no future hard forks. The core values of Minima are Collaboration, Empowerment, and Accountability. Minima is composed of four layers:
• Layer 1: On-chain. Used for value transfer – all nodes process all transactions.
• Maxima: Off-chain. A Layer for information exchange.
• Layer 2: Omnia. It enables peer-to-peer payments.
• Layer 3: Mini-dApps based on web3. Smart contracts are written in the KISS scripting language.
Minima is based in Zug, Switzerland. This country has an established regulatory framework for crypto assets and is host to many pioneer projects in the blockchain industry.
Mainnet launch and token generation event (TGE) of the Minima Network is scheduled for Q1 2023. Minima will have a fixed supply of one billion coins at launch. The Minima coin can be used as a store of wealth over time. Unlike traditional Fiat monetary systems, the Minima coin supply cannot be inflated. Due to the Burn mechanism, the supply is expected to be deflationary.
The project’s leadership has set the minimum target of one million active and participating Mainnet nodes. It already has over 120,000 operational nodes in more than 183 countries. Its growing node count makes it considerably more resistant to attacks than most blockchains.
Minima has more than 68k members on its Discord server and 22k followers on Twitter.
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