Massa Protocol - The next big blockchain revolution?
8/25/2022, 03:44 PM
The Massa protocol is a layer 1 network that seeks to solve the blockchain trilemma by providing a platform for autonomous smart contracts. The project is the brainchild of three friends who met while working on their doctorates in theoretical physics. Massa Labs was founded in 2020 with the aim of releasing a technical paper detailing how blockchains can be scaled without sacrificing security or decentralization. The company raised $5.8 million in a private seed round in November 2020.
The Massa protocol is based on the blockclique architecture, which is designed to process thousands of transactions per second without compromising on security or decentralization. The protocol also utilizes a multithreaded block graph called Directed Acyclic Graph (DAG) to shard transactions and distribute them across smaller partitions. This allows for parallel blocks with compatible transactions.
One of the key innovations of the Massa ecosystem is the autonomous smart contracts. These contracts can execute arbitrary operations autonomously, without the need for bots or human interaction. This reduces the reliance on centralized systems, such as cloud infrastructure and networks of bot operators, to automate smart contracts.
The Massa protocol also has a high Nakamoto Coefficient, which is a metric used to measure a network's decentralization. The coefficient represents the minimum number of network validators (nodes) that can work together to disrupt or cause harm to a blockchain. So, the higher the Nakamoto Coefficient relative to the total number of nodes, the higher the decentralization and the lower the risk of disrupting the network.
The Massa protocol is currently on its episode 13 testnet. The team behind the project is targeting a launch between Q4 2022 and Q1 2023.
Read more on their homepage: https://massa.net/
The Massa protocol is based on the blockclique architecture, which is designed to process thousands of transactions per second without compromising on security or decentralization. The protocol also utilizes a multithreaded block graph called Directed Acyclic Graph (DAG) to shard transactions and distribute them across smaller partitions. This allows for parallel blocks with compatible transactions.
One of the key innovations of the Massa ecosystem is the autonomous smart contracts. These contracts can execute arbitrary operations autonomously, without the need for bots or human interaction. This reduces the reliance on centralized systems, such as cloud infrastructure and networks of bot operators, to automate smart contracts.
The Massa protocol also has a high Nakamoto Coefficient, which is a metric used to measure a network's decentralization. The coefficient represents the minimum number of network validators (nodes) that can work together to disrupt or cause harm to a blockchain. So, the higher the Nakamoto Coefficient relative to the total number of nodes, the higher the decentralization and the lower the risk of disrupting the network.
The Massa protocol is currently on its episode 13 testnet. The team behind the project is targeting a launch between Q4 2022 and Q1 2023.
Read more on their homepage: https://massa.net/