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About Massnet

MASS Net (MASS) is a public chain that allows anyone to participate in the network with an aim to make use of the MASS consensus engine. The MASS consensus engine allows the distributed systems to stay secure and work together. The platform claims that MASS consensus engine aims to create a consensus layer that is secure, fair, permissionless, universal, and energy-efficient ensuring the fundamental security of the public chain.

In a blockchain, the initial layer i.e. Layer 0 is the consensus layer followed by the data structure layer, the contract layer, and the application layer. The base of the blockchain is Layer 1 which ensures security and decentralization, and Layer 2 is about scalability and performance. Without a well-built Layer 0, Layers 1 and 2 are useless. Hence, without consensus, all blockchain-based actions (such as transactions) would be baseless, as would blockchain-based contracts and applications.

As a solution, MASS Net aims to create and implement a Proof-of-Capacity consensus algorithm and use the technology as the foundation for the MASS Layer 0 consensus engine. MASS aims to be the solution of Layer 0. Proof-of-Capacity (PoC) is a consensus mechanism that provides proof of storage space. In a PoC consensus algorithm, along with a block submission by the node to the network, a valid proof of capacity is also required.

MASS token is the value anchor for the MASS consensus engine and a store of value in the MASS Net.

MASS was created by the MASS community in 2017. The MASS community is a non-profit organization with a mission to promote blockchain technology among the wider audience to improve people’s lives leading to a fairer society. The MASS community aims to work for the popularization of blockchain technology.

Market

Portugal Market Stats

Market cap

€329,813.71

Volume (24h)

€44,744.80

Circulating supply

98.0M MASS

All time high

€1.77

Price change (1h)

+1.18%

Price change (24h)

+0.85%

Price change (7d)

-18.77%

Portugal News about Massnet

BeInCrypto • May 02, 24

Former US Regulator Matthew Homer Launches $5.10 Million Crypto Fund

Matthew Homer, previously a DFS regulator, launched the Department of XYZ crypto fund with $5.10 million in initial funding, promising startups regulatory guidance.The post Former US Regulator Matthew Homer Launches $5.10 Million Crypto Fund appeared first on BeInCrypto.

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Decrypt • May 02, 24

What are Parachains? Polkadot's Secret Weapon Explained

Polkadot’s parachains offer a unique technical approach to achieving scalability and interoperability for blockchains.

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Blockworks • May 02, 24

StakeKit launches market’s most comprehensive self-custodial yield API, powering Zerion’s new Earn section

The Earn section on Zerion now offers users the ability to stake, liquid stake, restake, and earn DeFi yields

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CoinDesk • May 02, 24

MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals

MicroStrategy has already built one application using its service. "Orange For Outlook" integrates digital signatures into emails to enable recipients to verify the identity of the sender.

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Decrypt • May 02, 24

Ethereum Blogging Protocol Mirror Embraces Farcaster in Social Media Pivot

Mirror's team is now building a Farcaster-based social app called Kiosk, while Paragraph will take over Mirror. Collectively, they've raised $15 million.

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Blockworks • May 02, 24

Fintech has hit a wall. Blockchain will break through it.

Relatively soon, blockchain will become the only part of fintech that matters.

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Massnet is on the decline this week.

The price of Massnet has increased by 1.18% in the last hour and increased by 0.85% in the past 24 hours. Massnet’s price has also fallen by 18.77% in the past week. The current price is €0.0034 per MASS with a 24-hour trading volume of €44.74K. Currently, Massnet is valued at 99.81% below its all time high of €1.77. This all-time high was the highest price paid for Massnet since its launch.

The current circulating supply of Massnet is 98,026,147.052 MASS which means that Massnet has as total market cap of 98,026,147.052.

FAQ

What is the current price of Massnet?

We update our Massnet to EUR currency in real-time. Get the live price of Massnet on Coinbase.

What is the market cap of Massnet?

The current market cap of Massnet is €329.81K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Massnet?

The all-time high of Massnet is €1.77. This all-time high is highest price paid for Massnet since it was launched.

What is the 24 hour trading volume of Massnet?

Over the last 24 hours, the trading volume of Massnet is €44.74K.

What other assets are similar to Massnet?

Assets that have a similar market cap to Massnet include Dexlab, TitanSwap, Refereum, and many others. To see a full list, see our comparable market cap assets.

How many Massnet are there?

The current circulating supply of Massnet is 98 million.

Can I buy Massnet on Coinbase?

No, Massnet is not currently available on Coinbase, but you can sign up to get the latest news on Massnet and be notified when it gets added to our exchange.