I’m George Agapov, Technical Lead at o1Labs, and I’m excited to introduce o1Labs’ first MIP towards the Mina Protocol upgrade this fall!
This MIP aims to reduce the slot time for Mina’s block production, thereby improving chain throughput and transaction responsiveness and marking our first step on the path toward achieving fast finality. We’ll also address the impact on vesting schedules and our proposed risk mitigation plan, along with the technical specifics.
You can read and comment on the full technical MIP on Github, and we’ll be engaging here with any questions or comments you have about the proposal and the process.
What’s Changing?
We propose the following changes:
- Reduce slot times from 180s to 90s.
- Update the coin base constant from 720 to 360 MINA.
- Update the account vesting schedule logic.
- Remove the zkApp soft limit.
Why Does This Matter?
The Mina Protocol has been carefully designed to scale without compromising on decentralization. So far, much of the work has been focused on developing the protocol and ensuring that the cryptography and security are robust.
Now, we must start to showcase how Mina’s design will allow it to scale quickly while maintaining Mina’s unique, succinct design.
The specific value of 90 seconds was chosen as:
- Doubles the potential throughput of the network
- Remains safely within the performance capabilities of the improved system
How YOU Can Get Involved:
We are eager to hear your thoughts, feedback, and suggestions on this MIP.
Give us feedback:
- Github
- Mina Research (comment below)
Or reach out directly if you have any questions or ideas!
Best,
George Agapov