Introduction
The consensus process is a blockchain’s strongest assurance of trustworthiness and security. Users must be able to join the network, contribute to its upkeep without asking permission, and receive a fair share of the value produced for it to work.
The MASS consensus engine seeks to establish itself as the fundamental framework for all blockchain consensus layers. The MASS consensus engine builds a consensus layer that is permissionless, fair, energy-efficient, secure, and universal, maintaining the fundamental security of the public chain. It does this based on a Proof-of-Capacity consensus protocol.
Any number of public chains can receive consensus services from the MASS consensus engine because to its universality. Nodes run the consensus protocol using storage capacity without asking for permission. Everyone gets the chance to participate because the MASS consensus engine is fair and energy-efficient and only needs a very modest amount of processing resources.
The MASS consensus engine is used for the first time by MASS Net, a public chain. The MASS consensus engine’s value anchor and the store of value in use on the MASS Net are both MASS.
MASS token is the value anchor for the MASS consensus engine and a store of value in the MASS Net.
History of Massnet (MASS)
In 2017, the MASS community established MASS. The MASS community is a nonprofit with the goal of introducing blockchain technology to a larger audience in order to enhance people’s lives and create a more just society. The MASS group is trying to spread awareness about blockchain technology.
What is the Price of MASS Tokens?
MASS has a circulating supply of 98,026,147 MASS coins and a max supply of 206,438,400 MASS coins. And the highest price paid for MASS is $1.89, which was recorded on Jan 23, 2021. At the time of writing, MASS market cap is 318,167. The current MASS price is $0.003 per coin. The 24-hour trading volume for the coin is $59,565.
How Does MASS work?
Through ongoing online communication and collaboration, as well as sporadic offline events, mass is continuously advancing our progress. All experts with expertise in computer science, social sciences, economics, finance, or entrepreneurship are invited to join the MASS community as long as they share our goals. We favor team players who have fresh perspectives and excellent communication abilities. New members must first receive approval from at least half of the current members in order to guarantee that they are suitably competent to be part of the community. To assure the quality of our work, the MASS community has tight guidelines for research and implementation. Our work will eventually become open source, which will increase public knowledge of the technology and facilitate future collaboration.
What problems can MASS solve?
A Proof-of-Capacity consensus method was developed and implemented by MASS in an effort to address the problems with PoW. This algorithm served as the basis for our ideal MASS Layer 0 consensus engine. How can one tell if a Layer 0 consensus process is effective? As the foundation for our progress, we created a framework of desirable traits. We think the following characteristics of a good Layer 0 consensus engine:
- permissionless
- fair
- energy efficient
- universal
- secure