Minima Blockchain now has more nodes than Bitcoin
- Minima has established more than 120,000 nodes across mobile and IoT devices in 183 countries.
- The blockchain now passes the number of Bitcoin nodes.
- Minima does not require full-fledged servers to run a node, unlike other blockchains.
The Minima mobile blockchain protocol has established more than 120,000 nodes across mobile and IoT devices in 183 countries.
With this development, Minima now has a larger number of nodes than Bitcoin, one of the most decentralized blockchains.
Minima, first launched last year, attributes this widespread distribution to its technology architecture, which shrinks the size of the blockchain and enables it to run on all kinds of devices.
According to the team, users can download an app and start earning incentives ahead of Minima’s mainnet launch. In particular, the company must get a million working nodes before the launch.
Compared to other blockchains, Minima does not require full-fledged servers to run a node. Instead, a node can be a simple smartphone or IoT device. To achieve this, the nodes only store the status of the blockchain, plus their own transactions.
Minima uses several strategies to enable itself to push the entire blockchain on such resource-constrained units. Unlike Bitcoin, for example, there are no miners on Minima’s network, nor are entities exercising control. Each node stores its own data plus a company in the blockchain book that is both heavily compressed and regularly cropped to ensure that it remains compact.
Minima believes this design results in a completely decentralized network that is more secure and robust than other blockchains. With so many nodes, it is almost impossible for a malicious actor to take control of the network. At the same time, Minima believes that the design makes it far more scalable and inclusive.
The design of Minima’s network claims to solve some of the challenges surrounding Bitcoin, which has become less decentralized over time. As the value of BTC has increased, it has become incredibly expensive to start extracting the cryptocurrency, resulting in the growth of a specialized class of miners who have significant power over it.
“Only when everyone can run the same version of the blockchain, without hierarchy, can people really enjoy the benefits of complete decentralized freedom and prosperity,” insisted Minima founder and CEO Hugo Feiler.
