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
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)".
Security Features | Employs advanced cryptographic techniques and robust hashing algorithms. Special emphasis on preventing common threats like 51% and double-spending attacks.
Smart Contract Capabilities | Supports Solidity and is compatible with the Ethereum Virtual Machine (EVM), facilitating easy migration of dApps from Ethereum.
Innovations | Unique block weight system and DAG-based ledger structure for improved scalability and throughput.
Privacy with Zero-Knowledge (ZK) Proofs | Integration of ZK Proofs in Phase D enhances transaction privacy and confidentiality, allowing for validation without exposing transaction dataโโ.
Core Components
Weighted Ledger Selection Rule (WLSR) | Balances throughput and security with a dynamic block weighting mechanism.
DAG-Embedded Tree Structure (DETS) | Improves ledger security and throughput, enabling blocks to reference multiple predecessors.
Consensus Process | Efficient DAG structure and WLSR for rapid block production, ensuring consistent transaction ordering and double-spending prevention.
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.
ZK-STARKs for Enhanced Privacy | The implementation of ZK-STARKs significantly enhances security and privacy within the blockchain.
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