MASS MASS

Rank #4689

$ 0.00211522 -1.30%

MASS Price (MASS)

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MASS to USD Price Chart

MASS Statistics

Market Rank	#4689
Market Cap	$ 0.2M
Volume 24h	$ 63.2K
Circ. Supply	98.0M
Total Supply	98.0M
Max Supply	206.4M

What Is the Current Price of MASS?

$ 0.00211522

The current price of MASS fluctuates with market trends. Today, the value has decreased to approximately $ 0.00211522. This is influenced by myriad factors, including market sentiment, investor activity, and broader economic conditions.

What Is MASS?

MASS is a blockchain-based project with a core focus on providing a consensus engine for blockchain networks. Its main objective is to offer a foundational consensus layer that can serve multiple blockchains. The MASS consensus engine is designed to be permissionless, fair, energy-efficient, secure, and widely applicable, thereby enhancing the inherent security of any public blockchain that integrates with it.

Who Created MASS?

The MASS consensus engine and the associated MASS Net were launched in 2017 by Dr. Ren Ling. As a non-profit organization, the MASS community was formed with the goal of promoting blockchain technology and fostering a more accessible and energy-efficient consensus model.

How Does MASS Work?

MASS works by utilizing a Proof-of-Capacity (PoC) consensus algorithm. This method allows nodes in the network to use available storage space to participate in the blockchain consensus. Unlike other algorithms that may require significant computational power or investment, Proof-of-Capacity makes it possible for a broader range of participants to become nodes, as it requires minimal energy consumption.

What Makes the MASS Consensus Engine Unique?

The MASS consensus engine's uniqueness lies in its universal design, allowing it to provide consensus services for any number of public chains. Its distinguishing feature is the implementation of the Proof-of-Capacity protocol, which is both energy-efficient and fair. This approach means that virtually anyone with sufficient storage capacity can participate in the network, democratizing the process of maintaining blockchain security and integrity.

How is MASS Net Connected to the MASS Consensus Engine?

MASS Net is the first public chain that has implemented the MASS consensus engine. The MASS cryptocurrency functions within MASS Net as the circulating store of value and serves as an economic measure for the security and operations of the consensus engine. The integration between MASS Net and the MASS consensus engine demonstrates the potential for wide-scale application and adaptation in other blockchain systems.

How Energy Efficient Is the MASS Network?

The Proof-of-Capacity consensus mechanism upon which the MASS network operates requires nodes to use their storage capacity for block verification, rather than intensive computational work. This process consumes significantly less energy compared to Proof-of-Work (PoW) systems, positioning MASS as a more sustainable and environmentally friendly blockchain option.

How Fair Is the MASS Consensus Mechanism?

The MASS consensus mechanism is designed to be fair in the sense that it allows participants with varying levels of available storage capacity to join the network. The barrier to entry is low compared to other consensus mechanisms that demand high computational power or large staked amounts, thus promoting equal opportunities for involvement in the consensus process.

What Is the Circulating Supply of MASS?

98.0M

The circulating supply of MASS tokens is currently 98.0M. The supply continues to change as more blocks are validated and rewards are distributed to network participants.

Is MASS Widely Adopted?

As a newer addition to the blockchain world, MASS seeks adoption by highlighting its energy-efficient and fair consensus mechanism. Its degree of adoption can be measured by the number of public chains that choose to implement the MASS consensus engine and the active participation of nodes in the network. Adoption rates can be an indicator of trust and utility within the blockchain community.

Where Can You Buy MASS?

Huobi, Hotbit, LBank, Bkex

MASS is available for trading on a variety of cryptocurrency exchanges. Prospective buyers can purchase MASS tokens from Huobi, Hotbit, LBank, Bkex. Each exchange may offer different market pairings and features, so users should conduct their own research to find a trading platform that meets their needs.

How Can You Keep Your MASS Tokens Safe?

Keeping your MASS tokens safe is paramount, much like with any other cryptocurrency. It is recommended to use reputable wallets that provide strong security measures, such as hardware wallets for long-term holding or software wallets that offer convenience for regular transactions. Always ensure wallets are updated and backups are securely stored.

How Do the MASS Community and Governance Work?

The MASS community operates under a non-profit, decentralized governance model, where decisions are made collectively. The ecosystem encourages open collaboration and contributions from its members to support the promotion of blockchain technology and the continued development and adoption of the MASS consensus engine. Community interactions and decision-making processes are facilitated through various online platforms managed by the MASS organization.

MASS Links