Blockchain technology has been around for decades, but it only became popular with the rise of Bitcoin. Satoshi Nakamoto’s idea of a decentralized network, a direct response to the 2008 financial crisis, offered an alternative to the old centralized systems. Since then, blockchain technology has been on the rise and many networks are competing for the limelight. They all compete to provide the best platform and offer users a good balance of decentralization, security and scalability. These three elements are often considered impossible to combine, according to the blockchain trilemma. This belief addresses the challenges developers face when designing a new blockchain and assumes that achieving all three elements simultaneously is an unrealistic goal.
Currently, all popular Tier 1 blockchains suffer from the blockchain trilemma and a growing lack of decentralization. We are seeing a regression in the space where blockchains are becoming more and more centralized, with many examples. Until recently (prior to merging), Ethereum was arguably the most decentralized and secure network, but it had major scalability problems. That’s why we see tons of scalable Level 2 solutions, all attempting to solve the problem. After the merger, Ethereum dramatically reduced its power consumption, but it also became much more centralized. Other blockchains, such as Solana, have better scalability and decent security achieved, again, at the expense of centralization. But there is a level 1 blockchain that may have solved this development hurdle without throwing decentralization under the bus. It is time to speak mass.
What is Massa?
Massa is a brand new Layer 1 blockchain that achieves the sacred trinity of security, decentralization and scalability. It solves this trilemma through unique cutting-edge technological innovations, such as autonomous smart contracts, blockclique architecture, and transaction sharding.
Massa’s founders are no strangers to advanced technologies and the scientific field. Massa Labs, the company behind Massa, was founded in 2020, but work on the project has been ongoing since 2017. Massa’s driving forces are:
- Sebastien Forestier – CEO
- Damir Vodenicarevic – Head of development
- Adrien Laversanne-Finot – Head of Strategy
The trio combines extensive experience in artificial intelligence and theoretical physics, putting their knowledge to use in a massive effort to solve the blockchain trilemma. How will they get there? In 2020, the company released its technical paper “Blockclique: Scaling Blockchains through Transaction Sharding in a Multithreaded Block Graph”. In it, the team details the technological advances they have made and explains how blockchains no longer have to make tough choices, making the famous trilemma a thing of the past.
Why yet another level 1 blockchain?
Far from being just another Layer 1, Massa is bringing innovative solutions to some of the biggest problems of blockchain technology, making huge improvements in other areas as well. One of the team’s biggest technological breakthroughs relates to smart contracts, further strengthening Massa’s decentralization.
Inspired by the Bitcoin white paper, the team behind the project has decentralization at heart. Decentralization is a core value of Massa, as it is the only thing that distinguishes blockchain networks from the Web2 monopoly. If blockchain technology is to build a better future, decentralization is the one thing that cannot be compromised.
The unrivaled decentralization of Massa
When it comes to decentralizing networks, the Nakamoto coefficient is one of the best criteria and this is where Massa really shines. The Nakamoto coefficient represents the minimum number of people (not validators but real people) needed to break the system. Since many entities hold a large number of validators, the Nakamoto coefficient of Bitcoin and many other coins is around 3 or 4, depending on the hashrate of the largest mining pools, while that of Ethereum was only 3 in April. 2022 (before the Merge which is considered to have had an even more negative impact).
To corrupt a network, an attacker needs a simple majority of 51%, but some blockchains require a higher percentage. The number of nodes is not the only factor that determines the Nakamoto coefficient. Other elements, such as the distribution of nodes around the world, active developers, as well as the number of customers and owners, also play a key role.
Many of the top 10 Layer 1 networks have rather poor scores:
- Solana – 19
- Avalanche – 25
Massa’s results exceed 1000, which sets a new record for the world’s most decentralized blockchain Web3 (outside of Bitcoin). The Massa network has over 6,000 nodes on its test network and this number is expected to increase after the official launch. This figure is higher than the number of validators on other popular blockchains.
- Avalanche – 1209 validators
- Solana – 2051 validators
- Cardano – 3200 validators
Decentralization is one of the fundamental principles in the blockchain world. According to the Massa team, “if a blockchain is not decentralized, it is no better than a database on AWS”. Massa achieves unprecedented levels of decentralization from day one through a variety of methods that emphasize community.
Anyone can launch a mass node
You’ve probably heard it before. A project that claims that anyone can start a node, only to then change the rules and make the requirements higher than what the average user can afford. Bulk allows all users to create their own node with few angles.
No expensive hardware is needed
But what about the hardware? This is the best part. You don’t need anything you don’t already have! Users can run a node directly from their personal computer and turn it into a validator. Massa offers the world true decentralization without sacrificing scalability or security to achieve it.
The blockchain we need
Not all major blockchains have solved the blockchain trilemma yet. Some need scaling and lack of security, while others are too centralized. Massa solves the trilemma and doesn’t need Layer 2 as a solution to achieve true scalability. With its unmatched decentralization and accessibility, coupled with the highest degree of security, Massa is in a unique position to represent the future of the blockchain. The project is ready to integrate the next billion users into Web3, offering them a secure, scalable, accessible and easy-to-use environment.
Massa, the Layer 1 blockchain of tomorrow
The team behind Massa solved the blockchain trilemma on their own and presented the world with a secure, scalable and decentralized blockchain. A true precedent in the blockchain space.
With over 10,000 transactions per second and a Nakamoto coefficient of over 1000, Massa does not compromise on security and offers users and developers a new way to build. Thanks to its autonomous smart contracts and blockclique architecture, Massa is the most decentralized Layer 1 in the blockchain space. Invite everyone to use it easily to develop there or to start running a node with minimal investment.
The Massa network is currently operational on testnet and is aiming for an official launch between the fourth quarter of 2022 and the first quarter of 2023. Become a pioneer and share your feedback with the community on Telegram, Discord or Twitter. It is time for blockchain technology to take a bold step into the future!
Warning: This article is promotional content and does not constitute investment advice. Do your research and invest only the money you can afford to lose.