Mina Protocol, a privacy-oriented blockchain network based on zero-knowledge-proof technology, has gone live.
The development means Mina’s mainnet has been launched and it now lets developers build decentralized applications, known as Snapps, in this case.
Snapps, or SNARK-powered applications, deploy recursive zero-knowledge (zk)-SNARK technology to enable user privacy, data ownership, and verifiability.
Put simply, zk-SNARKs enable users to prove that they know something without divulging any private information.
The first application to integrate with Mina is the decentralized lending protocol Teller Finance. With the move, Teller’s users won’t have to share their actual credit score or their social security number with a requesting party. Instead, they will just be able to prove that their credit score is above the required number of 700.
“Mina can simply connect to a credit score reporting website, produce a proof on the user’s local machine (e.g., passing the credit threshol
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