New Layer 1 Designed to Cater to All Web3 Needs

Although blockchain-based expertise has been round for many years, it solely caught up to the mark with the rise of Bitcoin.

The concept of a decentralized community brought forward in Bitcoin’s Whitepaper 14 years in the past by Satoshi Nakamoto was a direct response to the monetary disaster of 2008. It delivered a viable various to the centralized banking system.

This expertise has been rising, and it has additionally been redefining itself ever since, with a number of iterations and totally different networks competing for the highlight. All of them are attempting to supply probably the most revolutionary platform and supply customers with the proper steadiness between decentralization, scalability, and safety.

Presently, many of the bigger layer-one networks battle with fixing the blockchain trilemma, and even networks like Ethereum undergo from scalability points. That is what Massa makes an attempt to resolve.

What’s Massa?

Massa is a newly-developed layer-one blockchain that makes an attempt to mix the ever-elusive trifecta of scalability, safety, and decentralization. Its principal focus is on fixing the blockchain trilemma, and it goals to take action by combining state-of-the-art improvements in its expertise stack. These embody, however usually are not restricted to, sharding of transactions, autonomous good contracts, and blockclique structure.

In 2020, Massa printed its technical lite paper referred to as Blockclique: Scaling Blockchains through Transaction Sharding in a Multithreaded Block Graph. 

The Want for a New Layer 1

Massa is trying to sort out among the most urgent points that the business is at the moment battling whereas additionally making enhancements in different areas as nicely.

Impressed by Bitcoin’s whitepaper, the builders of the challenge are placing decentralization on the forefront. It’s one of many core values of the initiatives and a characteristic that differentiates blockchain networks from the rising monopoly of Web2 platforms.

The Nakamoto coefficient is among the greatest standards in the case of decentralization. It measures the minimal variety of customers (not validators, however actual individuals) required to disrupt a decentralized system.

There are various entities who maintain a lot of validators and that’s why the Nakamoto coefficient of many cash is round 3 or 4. As of April 2022, earlier than the Merge was 3.

Different networks, corresponding to Avalanche, Cardano, and Solana, additionally rank moderately poorly. Massa, however, has a results of 1000, proving that the crew’s efforts to ship a decentralized platform are bearing fruit.

Anyone is free to run a Massa node – as long as they maintain a sure variety of tokens. As well as, there’s no requirement for costly {hardware}, because it’s potential to run a node straight from a private pc.

Massa is at the moment working on its testnet and has set its official launch for someplace within the fourth quarter of 2022 or the primary quarter of 2023. Those that want to change into early adopters and share suggestions can achieve this on the challenge’s Telegram, Discord, or Twitter.