Abstract
The development of blockchain technology, which is quite fast, has revolutionized many industries globally at this time. Blockchain has backed up many platforms and cryptocurrencies, for example, Bitcoin and Ethereum, two cryptocurrencies that are very popular today. Experts predict that in the future blockchain will be implemented massively in various industries such as finance, cargo, the medical, marketplace, etc.
If we talk about blockchain, it is inseparable from the PoW algorithm, which is a consensus protocol that guarantees that the system can run with reliability and feasibility. However, with the growing network, several problems regarding this consensus protocol began to emerge such as, the energy used continued to increase over time. The blockchain consensus protocol must be updated to maintain it.
A Blockchain Consensus Engine
MASS is a blockchain consensus engine that focuses on issues regarding the current blockchain consensus protocol. MASS was originally founded by a community of experts, blockchain enthusiasts, entrepreneurs, technical experts, etc., who had real goals related to the future of blockchain.
The MASS solution is to serve all blockchain consensus layers - the consensus layer that is energy efficient, permissionless, fair, universal, and secure - This is the goal of MASS. MASS will carry a consensus mechanism called Proof-of-Capacity or simply PoC. This is an open-source consensus algorithm proposed by computer scientists at the Massachusetts Institute of Technology (MIT). As you know, MIT is a leading campus in the world that has produced many genius and professional graduates. When it comes to technology and innovation they are second to none.
MASS will be the next generation consensus engine of the Bitcoin PoW consensus, which we know is widely used. MASS will address problems related to consensus PoW use, such as the high energy consumption of Bitcoin, and other problems.
Platform Features
Now that we know what PoC consensus is, it is time to discuss the features of MASS.
Secure: The PoC protocol ensures that the MASS system is completely secure and nothing can interfere with the main chain.
The Fair: PoC protocol ensures that the node's block generation probability is dependent only on the proof of effective capacity provided by the node so that each participant in the network will have the same marginal cost.
Energy-efficient: In contrast to PoW, PoC consumes very few resources. It is suitable for long term use.
Universal: MASS PoC protocol can simultaneously support multiple blockchain instances in parallel.
In Conclusion
Blockchain is a revolutionary technology in this decade but the Bitcoin consensus protocol makes this technology inefficient and wasteful in the use of resources. The MASS consensus engine will be the next generation consensus of PoW that is usually used. PoC solutions allow solving several problems in a consensus system and allow achieving a consensus layer that is permissionless, fair, energy-efficient, secure, and universal.
Connect
WEB: https://masscafe.cn/
WHITEPAPER: https://download.massnet.org/research/MASS-A%20Blockchain%20Consensus%20Engine.pdf
TELEGRAM: https://t.me/massnetorg
TWITTER: https://twitter.com/massnetorg
ANN Thread: https://bitcointalk.org/index.php?topic=5230593.0