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Massa, the first blockchain with autonomous smart contracts

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Massa, the first blockchain with autonomous smart contracts

Disclaimer: The text below is a press release and 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 release on a blockchain. Massa is a new layer 1, which intends to solve the blockchain trilemma by improving decentralization and scalability – looking for a decentralization coefficient of more than 1,000 Nakamoto. Since July 2022, Autonomous Smart Contracts it is possible to try them Massa test network.

Launched in 2021 and currently in the testnet phase, with more than 7,000 nodes constantly running on its network currently, Massa has already achieved significant milestones: it raised 5 million euros in a private sale (one of most decentralized private sales involving 100+ individuals and entities), launched its own smart contract engine and reached 4,000 transactions per second (with plans to reach 10,000 by the end of the testnet phase) .

Massa Team’s main goal has always been to create autonomous smart contracts. Currently, none of the existing blockchains manage to deploy this type of smart contract functionality, making it one of the most important goals achieved by the developers at Massa. The Autonomous Smart Contracts concept aims to allow Smart Contracts to “live” on the blockchain and self-activate, with an autonomous flow to use them. They can feed on blockchain data and request information from external sources without the need for additional interaction. Existing smart contracts on other blockchains require human interaction (or bots) to function.

The CEO of Dusa Laboratoriesan AMM building in Massa, said: “Thanks to the autonomous smart contract and the 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 completely autonomous execution of our users’ latent stock market orders, a optimal management of liquidations, all coupled with increased security for our users.

Massa Incentivized Testnet is currently in its 13th episode (a new episode is released at the beginning of each month) and will continue through Mainnet. In the meantime, Massa continues to grow its community of builders, developers, and node runners for its new ecosystem. It aims for a launch between the end of Q4 2022 and the end of Q1 2023. The team is currently made up of more than 15 people. The Massa Ambassador program will be launched at the beginning of the fourth quarter of 2022, with Masstronauts and Mascots -.

About Massa

Mass technological research and development began in 2018. The company was incorporated in 2020, in Paris, France. The Massa blockchain is based on parallel block technology capable of processing thousands of operations per second with minimal power consumption. Through a fair ICO and other crucial decisions ensuring decentralizationMassa is the first blockchain targeting a Nakamoto decentralization coefficient greater than 1,000, as well as the first blockchain to feature 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/

Youtube: https://www.youtube.com/channel/UChVfdvYpn0eFk4B-T7TGmOg

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