For a long time Mina coin team both Ethereum $1,900.00 Whether it was the bridge, as well as other goals, promises could not give what was requested. Although it is quite ambitious about technology, ideals and goals, more importantly, investors who cannot see that the product develops have developed in the price is uncomfortable with the situation. And the Mina Coin team took action.
Mina Coin latest developments
A few days ago Mina Foundation He published an important announcement. After the road map is not complied with and the increase in the reactions from investors, action is taken. At the point of development of the network, the load rode on the shoulders of O1Labs. This will eliminate the delays caused by different teams in efficient operation and pave the way for the goals to be more faster and really.
At least the announcement of the Mina Foundation is in this direction. The following announcement also includes details about the transfer of the team to accelerate the process. Mina seems to be at all at all.
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“The Board of Directors of Mina Foundation over the past month is to get feedback Mina Interacted with the community.
As a result of these feedbacks, we believe that the best approach for the ecosystem is that O1labs lead and own the technical roadmap for Mina.
The focal point of the Mina Foundation will accelerate the creation and adoption of a decentralized treasure. Josh Cincinnati, a member of the Board of Directors of the Mina Foundation and President of the Council of Interchain Foundation, will serve as the temporary CEO of the Mina Foundation and the Chairman of the Board of Directors.
JOSH is the first executive director of the ZCash Foundation and Cosmos recently
$4.03 It brings a rich experience in leading the Ecosystems during the transition periods by shepherd to the Interchain Foundation to help combine the ecosystem.
Kurt Hecker and Evan Shapiro decided to leave their duties in the foundation. We have been grateful for their pioneering and management for years and we expect to continue their contributions to the ecosystem. While continuing to build a future supported by the participants, this means a new page for the Mina protocol. ”
Evan Shapiro
Kurt and Evan left his post in some statements. Although Kurt said things in the general framework, Evan Shapiro wrote the following in the message he shared a few minutes ago;
“This week Mina FoundationI’m leaving my job.
I would like to thank everyone who contributed for years. Mina began as an idea 8 years ago, and it was incredible to see it turned into a larger ecosystem and community. I can’t wait to see what is waiting for the O1Labs and Mina Foundation to take Mina further.
Mina was a great opportunity for me to learn and grow both personally and professionally. I am grateful for all the growth opportunities and lessons I have learned by being in a unique position of establishing Mina.
When I started this project 8 years ago, I was excited by the opportunity to create a blockchain that everyone could access in a completely decentralized, inter -spousal way.
I am still very optimistic about how these different technologies can come together. In particular, the possibility of helping to make a world possible in the systems where users are part of is part of them as a stakeholder. In particular, the implementation of these new types of systems, on the one hand, increases our collective coordination capacity, while the implementation of these new types of systems is particularly important as the risk of further intensification of the power of artificial intelligence, which has increased globally and becomes more talented.
BlockchainsZK and other advanced cryptography are key components for us to realize the technical foundations of such systems. Although I’m not going to be at the Mina Foundation anymore, I’m deeply interested in seeing that Mina and other ZK and other developed cryptography projects help to move forward these possibilities.
There is a lot to learn to succeed in these new class projects. Technology is very talented – but they will need a combination of a distribution motor and values in order to ultimately be effective. There is a lot to learn for me both project and personally. It is very difficult to be successful in this field both due to the innovation of technology and the fluctuation of the world’s existing wider situation. I hope the best for the Mina Foundation and O1Labs to overcome these difficulties.
I also think that these changes are also a good opportunity to think and see how we can best contribute to the potential of these new digital systems. Even though I leave my current task, I am interested in this issue and I plan to see how I can contribute more to a wider problem of problem. Until then, I offer everyone my best wishes and I say to talk later. ”
Mina Coin Future
Josh cinginnnti It has not yet made a statement, but the idea that the development process will progress under a single roof seems to eliminate the problem of the delay on the basis of the delay. As a matter of fact, Will Cove (HTTPZ) said some things in his last statement about delays and what will happen next.
“When I joined the community 3 years ago, the future was bright. @O1_LABS introduced Mainnet in the previous year and strengthened Mina’s pioneering role in zero information cryptography by launching its first Production ZK Rollup and designing the first -centralized Prover market (Snarketplace).
At that time Mina FoundationHe left O1Labs to manage the Mina brand, community and treasure. I wasn’t here yet, but I understand the logic of removing the decision -making mechanisms of the core teams from the center. Mina’s power is to verify the proofs of ZK; This means that Mina can be and should be the most central network on the market. The team structure should also reflect this.
When we look back, it was very early to separate the team from the team that marketed the product.
To give an example, I conducted developer -oriented grant programs to enable Mina’s application to be developed with tools. We have marketed Zkapps as ‘special smart contracts’ and tried to recruit from the Ethereum ecosystem. In fact, the development environment in Mina is very different from Ethereum. Mina does not have self -conducting contracts and the situation is not stored on the chain. There was a lot of excitement, but the developers began to skip while trying to use a set of vehicles that were not ready for them.
We learned and reiterated along the way, but in this process, too much time, energy and funds were spent. We carried out these programs independently of O1LABS, and even though we all wanted to work closer together, the organizational inertia has been constantly on our way.
After 3 years, the disappointment of the Mina community can be explained by the Conway law, which states that the structure of a system is determined by the social structure of the organization that designed it. In other words, the products mimic organizational structures.
The first L1 achievements were shipped by a united team and we have been fighting since then. If the teams were under one roof, I’m sure we’ll communicate to better describe what Mina is, who is, and how developers can use it. Although there is a lot of work to be done in front of us, today’s news is a step taken in the right direction.
I believe that O1labs’s public, technical leadership is delayed so that we can leave the organizational frictions behind. Josh’s experience in helping the merging of the cosmos ecosystem is what the Mina Foundation needs for a temporary CEO, and the road to an inhabitant treasure is open.
Most importantly, the endless scaling can be scaled in mina design. O (1) in the number of transactions and blocks, and in the number of accounts, O (N) can be scaled. This is the only design that allows a decentralized network to avoid centralization during time and use.
Vitalik recently said that Beam Chain suggestion was trying to replace Ethereum’s current design with Mina’s design, “ZK -friendly minimal, simple, beautiful L1 çıktı, but it would probably take 5 years.
O1labs sent the same design 4 years ago… Let’s see what Mina can do with O1labs’ return to the driver’s seat.
A special thanks for all Mina supporters, developers and knot operators made Mina progress in noise. Finally, I would like to thank Kurt and Evan for their efforts to take Mina forward for years. Thanks to Evan and Izzy, the Mina ecosystem is always grateful for it. ”
In summary, it means potential compared to yesterday Mina It looks at a better point. If Josh Cincinnati conducts a successful leadership and accelerates development under one roof, investor confidence and developer interest can be revived again.
In order to confront the problem that became understood and gangrene, the price had to decline below the pre -sales price of $ 0.25. When we look at it today, both the price and the mina (O1Labs) seems to be at the appropriate point to start again. The wolf and the Cincinati, who came after Tekinalp’s departure, now show that the third chance is the last. You see above Mina coin The graph reflects the pain suffered by investors waiting patiently because he believes in technology for years.
Good luck to the Mina Coin community.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
