What role does the MINA token play in the Mina blockchain?
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What role does the MINA token play in the Mina blockchain? |
What role does the MINA token play in the Mina blockchain?
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Q1. What is Mina?
A. A lightweight blockchain that remains around 22kb even as it scales
B. A wallet where you can store your tokens
C. A website that allows you to privately access data
D. An application that loads very quickly
Answer: A lightweight blockchain that remains around 22kb even as it scales
Q2. What are zkApps?
A. Privacy-preserving decentralized applications
B. A platform to build applications
C. Lines of code to enable Mina’s smart contracts
D. Very fast applications
Answer: Privacy-preserving decentralized applications
Q3. What role does the MINA token play in the Mina blockchain?
A. It’s used for transaction fees, block rewards, and purchasing proofs in the Snarketplace.
B. The token doesn’t actually contribute to the blockchain, it’s additional
C. The token makes Mina lightweight
D. Participants in the Mina blockchain can only hold a fixed amount of MINA tokens
Answer: It’s used for transaction fees, block rewards, and purchasing proofs in the Snarketplace.