Technical Specifications

Metric

Value

Consensus Mechanism

Proof of Work (PoW) with DAG structure

Block Generation Rate

1 block per second

Daily Block Generation

86,400 blocks per day

Transaction Throughput

~40,000 transactions per second (TPS)

Initial Base Block Reward

14 MAZZE per block

Inflation Rate (First 4 Years)

8.83% annually

Block Reward Reduction

Quarterly by a factor of 0.958

Storage Cost

0.5 MAZZE per 1 kB

Smart Contract Language

Solidity

Token Name

MAZZE

Smallest Token Unit

Mazzy (1 MAZZE = 10^18 Mazzy)

Initial Token Supply

5 billion MAZZE

Key Features

  1. Consensus Mechanism | Utilizes a hybrid of Proof of Work (PoW) and a Directed Acyclic Graph (DAG) structure, enhancing scalability and transaction throughput with a "Weighted Graph Ledger (WGL)".

  2. Security Features | Employs advanced cryptographic techniques and robust hashing algorithms. Special emphasis on preventing common threats like 51% and double-spending attacks.

  3. Smart Contract Capabilities | Supports Solidity and is compatible with the Ethereum Virtual Machine (EVM), facilitating easy migration of dApps from Ethereum.

  4. Innovations | Unique block weight system and DAG-based ledger structure for improved scalability and throughput.

  5. Privacy with Zero-Knowledge (ZK) Proofs | Integration of ZK Proofs in Phase D enhances transaction privacy and confidentiality, allowing for validation without exposing transaction dataโ€‹โ€‹.

Core Components

  1. Weighted Ledger Selection Rule (WLSR) | Balances throughput and security with a dynamic block weighting mechanism.

  2. DAG-Embedded Tree Structure (DETS) | Improves ledger security and throughput, enabling blocks to reference multiple predecessors.

  3. Consensus Process | Efficient DAG structure and WLSR for rapid block production, ensuring consistent transaction ordering and double-spending prevention.

  4. EVM Integration: Incorporates an Ethereum Virtual Machine (EVM) environment to facilitate the deployment and execution of smart contracts written in Solidity, ensuring compatibility and flexibility.

  5. ZK-STARKs for Enhanced Privacy | The implementation of ZK-STARKs significantly enhances security and privacy within the blockchain.

Last updated