Sirwin
Sirwin

Massa: a quick intro and the ongoing community activities

By CrypptoCat | SKCrypto | 25 Jan 2023


Hello, everyone! Today we're talking about a fairly old project that has been under construction for a long time, but recently received an additional portion of hype by launching quests on Crew3. Meet Massa.

Massa: a brief overview

In crypto, a lot depends on hype. If we compare how many people know about Aptos and Massa, the advantage will clearly be in favor of the first project. And here we can argue for a long time about the coolness of the Move language, investments, or something else. But the main thing is not to overlook the main thing and not to forget that the crypto industry is not only about hype but also about technology. Massa is a Layer-1 blockchain that offers its own solution to the blockchain trilemma and can conduct up to 10 000 transactions per second. But first things first.

If you are interested in blockchain technology itself, you are likely to know that existing blockchains either have capacity problems (for example, the blockchain on which Bitcoin is built can only process 5 transactions per second, Ethereum went not much further: 15-20 transactions per second) or if they scale to high throughput, they are either centralized or have security problems.

Massa is developing a new architecture called Blockclique that scales transaction throughput to 10 000 transactions per second without sacrificing decentralization or security. This architecture is based on sharding transactions in a multi-threaded blockchain. For those who like to dig into the technical details, you can learn more about the technology in the project's whitepaper.

In a nutshell:

  • Massa combines transaction sharding with a multi-threaded blockchain architecture that allows you to create parallel blocks with compatible transactions.
  • The blockchain extends Nakamoto's consensus rule to the case of parallel blocks, providing a secure and decentralized consensus using Proof-of-Stake.
  • Blockclique's architecture can process thousands of transactions per second, on par with traditional financial systems like Visa.
  • The number of transactions processed by blockchains is not even close to that of classical financial systems. For example, VISA processed 111 billion transactions in 2017 (an average of 3500 tx/s). As a result, the blockchain can easily become overloaded.

Massa aims to solve those problems. But what about the blockchain trilemma?

The blockchain trilemma, or scalability trilemma, is a theorem that formulates the main problem of scaling any distributed network. It states that out of the three main characteristics - decentralization, security, and performance - a blockchain can have only two.

Massa's development is based on the introduction of a multi-threaded graph that allows nodes to create blocks in parallel and process 10,000 transactions per second. Thanks to this parallel structure, Massa offers a technology that solves the trilemma. The consensus mechanism is logically identical to Bitcoin, but produces blocks in parallel. This is possible thanks to a special scheme for distributing transaction and record flows between nodes. Thus, the test network consistently shows more than 10 000 tx/s. With strict adherence to the principles of decentralization.

The blockchain has been developed over 3 years of research, and as shown in the test network, it can scale to thousands of transactions per second with the support of thousands of nodes.

The core blockchain software is written in Rust, and the smart contract engine includes several innovations such as offline and asynchronous smart contracts, networked web hosting, and the Wasm bytecode, which allows you to write smart contracts in many programming languages.

Activities

Okay, that sounds good. What kind of activities does the project have for the community?

A node

I first installed node a year ago, in early February. It doesn't need the most expensive server, and the technology looked interesting. It was the 7th phase of the testnet, and now we are in the 18th. Judging by the sprint on Crew3, the testnet may be relevant at least until March, so if you want to play with the node, you can try it.

The node earns points in each phase of the testnet. The team hasn't announced the connection between these points and possible rewards, as well as rewards in general. Nothing is guaranteed, join only for the experience.

More about the node.

The Crew3 quests

A recently launched program for the community. Basically, these are quests, some are simpler, like subscriptions or likes, and some are more complex and require the installation of a node. As for the rewards, here's some information from the team:

  • For the top 10 - Masscot role (Discord & Telegram access to private channels) - those who already have a Masscot or Masstronaut position will not be included, and therefore more places will be open than in the top 10 leaderboard.
  • For the top 25 - Massavatar PFP (NFT in mainnet).
  • For the top 50, access to special tasks in the future.
  • For the top 100, 5 people will also be randomly selected to receive Massavatar PFP and apply for participation in Masscot.
  • An additional XP bonus for those who complete the tasks of the introductory sprint before it ends.

Perhaps the rewards will be reviewed due to a large number of new participants, but this is just my guess.

Given the opportunity to get roles, there is also a high probability that their holders will have their own events or access to a private sale, etc.

Join here.

Ecosystem

Massa is a blockchain, and many other projects, such as wallets and other ecosystem projects, will work on it. Follow the announcements, these projects may have their own drops/activities.

Find the list of announcements on Discord.

Conclusion

Massa is interesting because of its idea, technology, and friendly atmosphere. And let's be honest, what else is there to keep an eye on in the bear market if not this project? Not a recommendation or financial advice, always DYOR!

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CrypptoCat
CrypptoCat

Crypto Content Creator, Enthusiast, Ambassador and DeFi Believer


SKCrypto
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