Massa: On-Chain Web3 & Autonomous Smart Contracts - TOKEN2049 London 2022
Discover the groundbreaking innovations presented at TOKEN2049 London 2022 as Vincent, Chief Communications Officer of Massa Labs, introduces the revolutionary Masa blockchain. At the forefront of Web3 development, Massa offers a unique approach to blockchain technology with its autonomous smart contracts and truly on-chain Web3 capabilities.
Massa distinguishes itself with its scalable and decentralized infrastructure, addressing fundamental challenges in traditional blockchains. By employing 32 threads for parallel processing, Massa achieves up to 10,000 transactions per second, comparable to top-tier financial systems like MasterCard, all while maintaining a high degree of decentralization. This advancement sets a new benchmark in transaction execution and scalability.
The session also delves into autonomous smart contracts, a significant leap forward in blockchain automation. Unlike traditional smart contracts, which rely heavily on centralized intervention or cloud services, Massa smart contracts can independently respond to blockchain events without external triggers. This innovation enables applications like the non-financial game Storagein and the decentralized financial protocol Doosan to function autonomously, highlighting the practical, versatile applications of this technology.
Moreover, Massa introduces a truly decentralized Web3 environment by eliminating reliance on traditional centralized infrastructure, providing a more secure and accessible way for users to interact with blockchain-based applications. This transformation is poised to redefine user interaction, further advancing the decentralization agenda.
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