First-ever mobile blockchain network now claims more than half of Bitcoin’s node count
Minima is a pioneering blockchain platform focused on utilizing mobile devices as full node hardware. His team has taken a tremendous step forward in terms of decentralization.
Minima now has 7,000 nodes (Bitcoin has 11,200!)
Minima Network, a completely decentralized mobile-first protocol for blockchain transactions, has surpassed the milestone of 7,000 nodes.
According to his team’s statement, that number equals 62.5% of what Bitcoin (BTC) has accomplished in 12 years in terms of the net amount of nodes.
This achievement became possible due to the revolutionary consensus utilized by Minima. The blockchain is built on the Transactional Proof-of-Work (TPoW) consensus: crypto enthusiasts can run its nodes on mobile devices.
In Minima, a mobile device (smartphone or laptop) acts as both validator and block producer, which ensures censorship-resistance of this consensus.
Minima launched an incentive program before the launch of the main network
Within this consensus, Minima blockchain strives to become the most decentralized blockchain network in the entire Web3 segment. Its node software can be downloaded on Android-based mobile devices as well as on PC, Mac and Linux devices.
To accelerate its community management, Minima is setting up an incentive program. Users can earn rewards on their accounts for the development and testing of decentralized applications on Minima.
Hugo Feiler, CEO of Minima, highlights the importance of this milestone for the next version of Minima on the mainnet:
Minima believes that everyone should be able to run a Complete node, to ensure the network remains completely decentralized, now and into the future. For this reason, I am delighted to announce today 7,000 full knots, the first major step on our journey to one million knots. We are grateful to our community of early users and testers, who are making our Mainnet launch in 2022 a reality.
As previously covered by U.Today, Minima recently completed its Series A funding round.
A total of $6.5 million was raised from a clutch of high-profile investors, such as GSR, DEX Ventures, AGE Crypto and SMO Capital with Winny Lingham also backing Minima in its fundraising efforts.
