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Mass, net,: pioneer blockchain project of POC consensus

Time : 15/09/2021 Author : mcuxjv Click : + -
        Whether pow, POS or POC, they all try to reach a state, that is, to randomly select block nodes. The probability of a node being selected is proportional to some resources it has invested in the network. If you want to overthrow a confirmed block, you need to master more than 50% of the resources. The difference between the three is that pow invests in computing power, POS invests in owning money, and POC invests in hard disk space. In POS, the more tokens you have, the higher the probability of becoming a block producer. Therefore, it is often questioned that POS makes rich people richer and richer. Whether there is a resource that is sufficiently decentralized to make the network more decentralized from the beginning to the stable operation (this is also the original intention of Nakamoto's use of computational power proof), POC gives the answer.
 
        The biggest feature of POC is that anyone using an ordinary computer can participate in the mining of POC projects. After a lot of research and statistics, the scale effect of cloud storage has only 20% optimization space than personal hard disk. Considering the hard disk that has been widely distributed with personal computers, the centralization problem caused by general mining machines and large-scale mining will no longer exist, and the entire network may achieve the ultimate decentralization. Massnet is a blockchain project that has been launched and is running smoothly. This project is developed by members of the mass community in collaboration. It uses POC consensus. As defined by POC, massnet uses storage space to mine. At present, the difficulty of the whole network is 35 megagrams, and a block is produced every 45 seconds.
 
        It is worth mentioning that the POC algorithm adopted by massnet &mdash& mdash; Mass consensus engine. The consensus core algorithm was proposed by MIT top computer scientists and has the advantages of safety, fairness, low resource consumption and high efficiency:. Now an ASIC miner that implements POW consensus algorithm sells for tens of thousands of yuan, while mass consensus only needs nodes to provide effective storage space. Mass capacity proof consensus protocol can ensure that the blocking probability of a node is only related to the effective capacity proof provided by the node, and the proof of the effective capacity is independent of the storage medium of the data, so that all nodes participating in mass network maintenance have similar marginal costs (that is, there is no scale effect).
 
        The pow consensus is accompanied by a large amount of power consumption in the implementation process. The power consumed by each transaction of bitcoin is equivalent to the power consumed by an ordinary American family in 21 days. Mass capacity certification protocol only consumes computing resources when initializing capacity space. Only a very small amount of computing power is required for retrieval in the process of consensus implementation. At the same time, the power consumption of hard disk is also at a very low level, making the energy consumption gap between POC and POW more than 300 times. When the mass consensus is implemented, the consumption of computer resources accounts for a very low proportion, which does not affect the normal use of computers. When the storage space does not participate in mass network maintenance, the capacity space can be directly formatted for other purposes.
 
        The most successful application of pow consensus, bitcoin, produces a block every 10 minutes. According to the operation data of the main network of massnet blockchain, a block can be produced every 45 seconds, with a performance improvement of more than 10 times. In the process of block consensus, nodes only need to access and retrieve the storage space, and will not perform data operations on the space. Nodes using mass capacity proof protocol can provide consensus for multiple blockchains with the same capacity space, and its versatility further improves the efficiency of resource utilization. Mass cryptocurrency is the native cryptocurrency on massnet. Like bitcoin, a corresponding mass coin will be generated for each block generated.
 
        Unlike other projects in the industry, massnet has no stakeholders and is completely dominated by the community. The main network has no pre excavation, which means that all nodes are fair. In addition, the way of mining with storage space is also very friendly to ordinary users &mdash& mdash; There is almost no threshold at the hardware configuration level. The mass consensus engine used by massnet is a general consensus solution, which can provide consensus services for multiple public chains at the same time. In the future, there will be many blockchains developed based on the mass consensus engine, such as layer1 solutions that implement smart contract functions and layer2 solutions that are committed to improving performance.
 
        Mass consensus engine gives a clever answer to the technical problem of cross chain from the perspective of general consensus as the bottom layer. The mass cryptocurrency generated on massnet is positioned as the value store of the mass consensus engine. Therefore, it is not only a tradable asset on massnet, but also a value anchor for all applications in the mass ecosystem, which will help realize the interconnection of cross chain ecological assets based on the mass consensus engine. Massnet began to develop in 2017, completed the research and development of blockchain prototype system in 2018, and launched the test network in April 2019. After going through four test network stages of prototype system verification, security test, stability test and reliability test, the main network was officially launched on September 1, 2019, and has operated stably since its launch.
 
        From the beginning of development, the project aims to build an ecosystem. After the main network is online, it provides users and developers with full node wallets, mining nodes, blockchain browsers and other tools. Members of the mass community also spontaneously provided several mining solutions to serve different types of node parties. A large number of decentralized nodes are necessary to ensure the stability, security and reliability of the blockchain network, and help the blockchain achieve security and tamper prevention functions.
 
        
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