Decentralization is non-negotiable! This is not a cry of the soul, but an official statement on the website of the Massa Labs project.The team is rolling a barrel on the whale who have seized power over the nuts and believe that we were all received in this way. Among other things, there are technical problems associated with scaling while maintaining security and decentralization. The well-known blockchain trilemma. The developers of the project, in a large and beautiful font, declare its solution. And now our favorite is research. Let’s go!
The idea came straight from the heart of Paris to the project team. Sebastien Forestier, Damir Vodenikarevich, Adrian Laversanne-Fino are three friends. They started their research activities in 2017. Having gained experience and profit, the guys opened the company Massa Labs in 2020. Currently, the project team consists of 12 people. 10 of them are engaged in writing code, including the implementation of smart contracts. The remaining 2 are designed to hoe the mass media and create interesting partnerships for the project. Speaking about the funds raised, I want to start with a non-standard moment. Massa Labs received two grants from the French government for $400,000 to develop a blockchain that solved the trilemma. Also, many well-known investors from the crypto and blockchain ecosystem contributed to the first round of the token sale. Among them are BlueYard, Acecap, Numeus, Ariane Capital. In total, $5.6 million was collected from 100 buyers from 18 countries.
Ecosystem and utility
Massa Labs challenges established solutions in blockchain and smart contracts. Decentralized cryptocurrencies based on blockchain architecture do not make sufficient use of the available network bandwidth, which makes them unable to scale to thousands of transactions per second. Massa defines a Blockclique architecture that solves this limitation by splitting transactions into a block graph with a fixed number of threads. The architecture allows you to create internally compatible blocks in parallel, where each block references one previous block of each thread.
Thus, we have another L1 blockchain, but with an unexpected, innovative approach. The masses are obsessed with the idea of decentralization for real. Criticizing — offer. The project is flawlessly right in this, because it offers a solution through Blockclique technology and the introduction of the AssemblyScript language for compilation into bytecode, and translation into smart contracts via WebAssembly (WASM).
Blockclique is a multithreaded graph that allows nodes to create blocks in parallel and process 10,000 transactions per second. Thanks to this parallel block structure, Massa is the first (never has been and here it is again) blockchain technology that will solve the trilemma. The consensus mechanism is identical in logic to Bitcoin, but produces blocks in parallel. This is possible thanks to a special scheme for distributing transaction flows and records between nodes. Thus, the test network consistently shows more than 10,000 t/s. Strictly preserving the principles of decentralization. That’s not all. What’s up with smart contracts and Gapps.
Do you know what is the weak point in Web 3.0? That’s right, web 2.0! Remembering the periodically occurring hacks of DeFi services, the team has developed a solution for protection. The analysis of these hacks made it clear that the connected decentralized wallet operates through a completely centralized website, from which a loophole for hacking was found. Massa Labs offers to build the architecture of websites and the logic of interaction in the network. This will allow you to check them for immutability. Accordingly, it offers its own DNS and browser plugin.
Massa uses a new parallel blockchain protocol developed over 3 years of research, which has been shown to scale to thousands of operations per second with the support of thousands of nodes. The main blockchain software is written in Rust, and the smart contract mechanism includes several innovations, such as autonomous and asynchronous smart contracts, web hosting on the network and Wasm byte code, which allows you to write smart contracts in many languages.
This technology will allow you to get away from controlled blockchains that work on the capacities of certain people and on which transactions take a very long time. So the Massa project has practically solved the problem of scaling the blockchain using a multithreaded blockchain, which allows you to significantly increase network performance and process many times more transactions per unit of time.