Bittime - Mina Protocl. a blockchain protocol known for its super light blockchain size, will undergo a network upgrade or upgrade process today, June 4 2024. This upgrade will cause the Mina network to be temporarily inaccessible.
Mina Protocol: Super Light Blockchain
One of the main advantages of Mina Protocol is its very light blockchain size. The Mina blockchain is only around 22 KB in size, much smaller than other protocol blockchains such as Bitcoin which are hundreds of GB in size. This light blockchain size makes Mina Protocol ideal for use on devices with limited resources, such as smartphones.
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Mina Protocol Network Upgrade Details
- Time: June 4, 2024, from 16:00 WIB to 23:00 WIB
- Impact: The Mina Protocol network will not be accessible during the upgrade process.
- Action Required: Users who are not running a Mina node do not need to take any action.
- Transactions: Transactions that are not entered into the blockchain from 16:00 WIB until the upgrade process is complete will be rejected. Users can resend the transaction once the Mina network is active again.
Things to note
The upgrade process is expected to take approximately 15 hours. Although users who do not run nodes do not need to take any action, there may be temporary service disruptions on exchanges where MINA tokens are stored. To ensure smooth transactions, it is recommended to monitor the progress of the upgrade process via the official Mina Protocol website.
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Why is a Network Upgrade Done?
Network upgrades are commonplace in blockchain protocols for various purposes, such as improving network performance, such as transaction speed and scalability; adding new features to the protocol; and improve network security.
Although network upgrades cause temporary inconvenience due to network inaccessibility, these upgrades are ultimately for the good of users and the future of the protocol itself.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
$MINA Berkeley Upgrade: Introducing New Features!
OKEx Supports Mina (MINA) Mainnet Upgrade on June 4, 2024
Berkley Upgrade Optimizes Mina Protocol, Ready for Mass Adoption
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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