Minima’s cooperative Blockchain network reaches 120,000 complete nodes

Minima’s cooperative Blockchain network reaches 120,000 complete nodes


Minima’s cooperative Blockchain network reaches 120,000 complete nodes

By Joy Dumasia

Today

  • Bitcoin
  • Blockchain Network
  • Blockchain Protocol

ibs Minima GlobalMinima, the cooperative blockchain network that enables anyone to run a complete node on a mobile and IoT device, has exceeded 120,000 complete nodes across 183 countries, surpassing Bitcoin’s node count and distribution. 

Minima has achieved this by ensuring running a complete node (that both validates and constructs its blockchain) is as simple as downloading an app so that a completely decentralised network can be built that is both scalable and inclusive while remaining secure and resilient. 

The exponential growth of Minima’s node count will make its network more resistant to attacks, as the higher number of nodes means that its blockchain is now distributed across increasingly more devices, making it harder for a malicious actor to take control of the network.

Minima’s ultra-lean blockchain enables anyone to run a complete node by downloading an app, empowering individuals to collectively build a more resilient foundation, on which an ecosystem of truly decentralised apps will flourish, where everyone can cooperate as equals.

Complete nodes are the backbone of any decentralised blockchain network. Without them, problems arise as the value of the tokens increases and running a node becomes more difficult and expensive, resulting in the creation of a specialised class of miners or stakers with significant power over a network. 

Minima Founder and CEO Hugo Feiler said: “Only when everyone can run the same version of the blockchain, with no hierarchy, can people truly enjoy the benefits of complete decentralisation-empowered freedom and prosperity.” 

Minima was founded in London in 2018, it has created an ultra-lean blockchain protocol that fits on a mobile or IoT device, allowing every user to run a full constructing and validating node. By adopting this approach, Minima has created the possibility of operating a completely decentralised network that is scalable and inclusive while remaining secure and resilient.

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