MASS is an open source PoC (Proof of Capacity) consensus algorithm proposed by top computer scientists at the Massachusetts Institute of Technology (MIT). It can provide underlying consensus support for any blockchain. Its technological innovation is that each user only needs to contribute a small amount of space to participate in the storage and verification of blockchain data. Based on MASS, the million-level space all over the world will be connected into a super consensus machine to protect the blockchain in the form of public services.

The MASS blockchain system is the first public chain using the MASS consensus engine. The MASS cryptocurrency is the value store of the MASS blockchain system and the value anchor of the MASS consensus engine.

Project Introduction

In order to fundamentally solve the problems that the Bitcoin network tends to be centralized, the consensus process consumes high energy, and the network computing power cannot be reused, and is committed to achieving a more democratic, fair, energy-saving, secure, highly scalable and universal Based on the blockchain infrastructure, the MASS community proposed and developed an efficient capacity proof consensus protocol. When a node participates in the MASS network for data consistency maintenance, it only needs to provide an effective unforgeable capacity proof to the network, which is only related to the space capacity provided by the node and can be verified by any node.

The MASS capacity proof consensus protocol has the following advantages:

Nodes participate in data maintenance without permission, the security boundary is similar to the Nakamoto consensus protocol, the evolution of the node network is more decentralized, the competition for block production rights does not require computing resource consumption, and the node network can support multiple blockchain instances in parallel.

The MASS consensus engine is universal and can provide consensus services for any number of public chains. Nodes use storage capacity to run the consensus protocol without permission. The MASS consensus engine is fair and energy-efficient, requiring only a very small amount of computing resources, which means that everyone has the opportunity to participate.

Token Allocation

Mining reward: 18.75%
Locking reward: 18.75%
Gaming reward: 62.50%

If the miner who produced the block is bound to MASS, the miner can get additional game rewards in addition to the basic mining rewards. If the miner who produced the block is not bound to MASS, he can lock the reward pool to get additional game rewards.

Release Rules:

The total circulation of MASS is 206,438,400 and will be issued in 15 periods. When entering a new cycle, the block reward will be halved for each block, and the cycle will be twice as long as the previous cycle. The first halving occurred at block height 13440. When all MASS is issued (which will take more than 600 years), transaction fees will become an incentive for people to continue to support the MASS network.