MASS is a hard drive mining project with no funding, no premine, and no founder benefits. The MASS consensus engine is intended to allow participants to get a fair portion of the value generated i.e. anybody may mine using standard hardware because just a modest amount of processing resources are required. Furthermore, the network may handle several blockchain instances running at the same time.
About Massnet
MASS is a fundamental infrastructure layer that can provide consensus services over an infinite number of public chains. MASS Proof-of-Capacity consensus mechanism is used by the MASS consensus engine to produce a sustainable and powerful Layer 0. Proof-of-Capacity creates a consensus layer that is anonymous, equitable, energy-saving, safe, and ubiquitous, assuring the public chain’s basic security. Proof-of-Capacity is intended to eliminate the usage of ASICs: participants just require access to storage space (such as hard drive space on a basic laptop.)
What is Massnet [MASS]?
The MASS consensus engine was used for the first time by MASS Net, the first public chain. The network is permissionless with a measure of safety assurance comparable to the Nakamoto consensus mechanism and nodes run the consensus protocol using storage capacity. When compared to bitcoin, the network is more decentralized since competing for blocks does not necessitate the employment of prohibitively expensive processing resources.
Who Are the Founders of Massnet [MASS]?
The MASS community developed MASS. The MASS community is an open, non-profit online organization whose purpose is to spread blockchain technology to the general population, therefore improving people’s lives and leading to a more equitable and successful society.
In 2017, the MASS community was established. We are continually progressing through ongoing online conversation and collaboration, as well as frequent offline events. All specialists with expertise in computer science, social sciences, economics, finance, or entrepreneurship who share our goals are welcome to join the MASS community.
What Makes Massnet Unique?
Some of the primary benefits of the MASS PoC consensus protocol are as follows:
The network has no permissions. The degree of security is comparable to that of the Nakamoto consensus protocol. In comparison to bitcoin, the network leans more toward decentralisation. Competing for blocks necessitates the usage of no computational resources. The network may handle many blockchain instances running at the same time.
The MASS system has the following characteristics:
Secure: Using the Time-memory trade-off theory, the PoC protocol provides the unforgeability of proofs, and when combined with the usage of a verifiable random function, the MASS system has 51 percent Byzantine Fault Tolerance. A fork detection penalty mechanism also protects the main chain from Nothing-At-Stake attacks, which might divide the main chain.
The MASS PoC consensus technique ensures that a node’s block generation probability is solely determined by the node’s proof of effective capacity. Furthermore, the demonstration of effective capacity is storage medium agnostic, implying that all nodes in the MASS network have comparable marginal costs.
In the MASS PoC protocol, computer resources are only required when initialising storage capacity, and storage capacity data is only accessed at O(1) complexity a timetimes when beginning the block consensus phase. As a result, employing the MASS PoC algorithm for block consensus does not necessitate constant power use.
Where Can You Buy Massnet [MASS]?
If you’re looking for a place to purchase Massnet, the best cryptocurrency exchanges to use right now are Huobi Global, MEXC, Pionex, Hoo, and BKEX.
Frequently Asked Questions
Can I Buy Massnet [MASS] With Cash?
No. There is no direct method to purchase MASS using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy Massnet [MASS] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of Massnet [MASS] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact MASS’s price and market cap.
Massnet Official website – https://massnet.org/
Massnet Twitter – https://twitter.com/massnetorg
Massnet Medium – https://medium.com/