Massa, the first blockchain with autonomous smart contracts
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
In 2022, first in April during the Paris Blockchain Week Summit and then in July during Ethcc Paris, the Massa team unveiled the first autonomous smart contracts ever released on a blockchain. Massa is a new layer-1, which aims to solve the blockchain trilemma by improving decentralization and scalability – seeking a 1000+ Nakamoto decentralization coefficient. Since July 2022, Autonomous Smart Contracts it is possible to try them on the Massa Testnet.
Launched in 2021 and currently in the test network phase, with more than 7,000 nodes constantly running on the network at the moment, Massa has already achieved important milestones: it has raised 5 million euros during a private sale (one of the most decentralized private sales involving 100+ individuals and entities), released its own smart contract engine and reached 4,000 transactions per second (intending to reach 10,000 by the end of the testnet phase).
Massa Team’s main focus has always been building autonomous smart contracts. Currently, none of the existing blockchains are able to deploy this type of smart contract functionality, making this one of the most important goals achieved by the Massa developers. The Autonomous Smart Contracts concept intends to let Smart Contracts “live” on the blockchain and activate themselves, with an autonomous flow to use them. They can feed on blockchain data and request information from external sources without requiring further interaction. Existing smart contracts on other blockchains require human interaction (or robots) to work.
Managing Director i Dusa Labsan AMM building at Massa, declared: “Thanks to the autonomous smart contract and blockchain hosting of our web application, we will be able to offer the first 100% decentralized DeFi experience. These technological innovations allow us to have a fully autonomous execution of our users’ latent trade orders, optimal management of liquidations, everything together with increased security for our users.“
The Massa Incentivized Testnet is currently in its 13th episode (a new episode is released at the beginning of each month), and will run to the Mainnet. Meanwhile, Massa continues to grow the community of builders, developers and node runners for the new ecosystem. It is aiming for a launch between the end of Q4 2022 and the end of Q1 2023. The team currently consists of more than 15 people. The Massa Ambassador Program will launch in early Q4 2022, with Masstronauts and Masscots –.
About Massa
Massa technology research and development started in 2018. The company was incorporated in 2020, in Paris, France. Massa blockchain is based on a parallel block technology capable of processing thousands of operations per second with minimal energy consumption. Through a fair ICO and other key decisions that ensure decentralization, Massa is the first blockchain to target a Nakamoto Decentralization Coefficient above 1000, as well as the first blockchain with autonomous smart contracts and decentralized web hosting.
Twitter: https://twitter.com/massalabs
Telegram: https://t.me/massanetwork
LinkedIn: https://www.linkedin.com/company/massa-labs/
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