The stability of Bitcoin proves that a practical, internet-scale, Byzantine fault-tolerant system is possible, and also the reliability of the system is guaranteed through its consensus protocol. However, the Bitcoin system’s use of a Proof-of-Work (PoW) algorithm has raised serious concerns about the expansion of its network.
The MASS consensus engine aims to become the essential infrastructure for all blockchain consensus layers. supported a Proof-of-Capacity consensus protocol, the MASS consensus engine creates a consensus layer that’s permissionless, fair, energy-efficient, secure, and universal, ensuring the elemental security of the general public chain.
Universal and Capable of Providing Consensus Services Across Any Number of Public Chains
The MASS consensus engine is universal and is capable of providing consensus services across any number of public chains. Nodes use storage capacity to run the consensus protocol and don’t require permission. The MASS consensus engine is fair and energy-efficient, only a very small amount of computing resources are required, meaning everyone has the possibility to participate.
The MASS blockchain system is that the first public chain to form use of the MASS consensus engine. MASS is that the store important within the MASS blockchain system and is additionally the worth anchor for the MASS consensus engine.
Any new consensus mechanism requires a good system of incentives so as to grow and be sustainable. This incentive system should be designed in such how in order that the actions of each individual participant pursuing their own rational self-interest will be within the interest of the system as a full and result in a highly distributed and stable consensus network.
There will only ever be a maximum of 206,438,400 MASS in circulation, and these are going to be issued across 15 periods. When entering into a brand new period, the full block reward for every block is going to be halved, and also the length of the amount is going to be doubled compared to the previous one. the primary halving will happen at a block height of 13440 and once all MASS has been issued which should take over 600 years, transaction fees will act because of the incentive for people to still support the MASS network.
Secure, Fair, and Energy-Efficient
The MASS blockchain system has the subsequent features such as Secure, Using the principle of time-memory trade-offs, the PoC protocol ensures the unforgeability of proofs, and along with the utilization of a verifiable random function ensures that the MASS system has 51% Byzantine Fault Tolerance. Furthermore, a fork detection punishment scheme protects the most chain from Nothing-at-Stake attacks that might split the most chain.
Then Fair, The MASS PoC consensus protocol guarantees that a node’s block generation probability relies only on the proof of effective capacity provided by the node. additionally, the proof of effective capacity is data-storage medium independent, in order that all nodes participating within the MASS network have similar marginal costs.
Also MASS has an Energy-efficient feature, within the MASS PoC protocol, computing resources are only required when initializing storage capacity, and when entering the block consensus phase storage capacity data is barely accessed at O1 complexity a time. Therefore, using the MASS PoC protocol for block consensus doesn’t require continuous power input consumption.
When the MASS system performs block consensus, the computing resources used are negligible, sufficiently small to not affect the conventional usage of a computer. When storage capacity isn’t participating within the MASS network, it may be reformatted and used for other uses purposes.
Visit MASS website for more info: https://massnet.org