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Mazze
Mazze is a layer 1 blockchain that aims to improve performance using a Proof-of-Work consensus and Directed Acyclic Graph architecture. It seeks to process up to 40,000 transactions per second with one-second finality, incorporating parallel block processing to enhance scalability while focusing on privacy..[1][2]
Overview
Mazze, founded in 2023 by profEdwin and Equin0x, is a layer 1 blockchain that aims to develop a decentralized platform with a focus on security, transparency, and scalability. It is designed to support high-volume transactions, Decentralized Finance (DeFi), and Decentralized Applications (DApps) in sectors such as finance, healthcare, and education.
By integrating Proof-of-Work with Directed Acyclic Graph architecture, Mazze seeks to improve scalability while addressing environmental concerns and aligning with global regulatory standards.[1][3]
Products
Weighted Ledger Selection Rule (WLSR)
Mazze's Weighted Ledger Selection Rule (WLSR) applies a block weighting system, where blocks are assigned weights of 0, 1, or X. This aims to maintain throughput in normal conditions and strengthen security during attacks by producing special blocks. The Weighted Graph Ledger (WGL) combines this system with a Directed Acyclic Graph-based ledger, seeking to balance scalability and security while mitigating liveness attacks.[4][5]
DAG-Embedded Tree Structure (DETS)
Mazze's DAG-Embedded Tree Structure (DETS) incorporates its DAG architecture into a tree-like design, where each block has a single parent and references multiple predecessors. This structure aims to improve ledger security, throughput, and support efficient data integration with concurrent block processing.[4][5]
Architecture
Paradigm in Mining Efficiency
Mazze aims to improve mining efficiency by redirecting computational power to support decentralized applications (dApps) and a computational grid. This approach seeks to optimize resource use and minimize the environmental impact of blockchain operations.[9]
Zero-Knowledge Proofs
Mazze employs Zero-Knowledge proofs (ZKP) to improve privacy and scalability. ZK proofs aim to enable transaction authentication without disclosing sensitive data, thereby preserving anonymity and enhancing scalability by reducing the data load for verification.[9]
Directed Acyclic Graph
Mazze employs Directed Acyclic Graph (DAG) technology, arranging transactions in a tree-like structure to support multiple block strands. This design aims to increase transaction throughput, reduce latency, and enhance network efficiency.[9]
Smart Contracts with EVM Compatibility
Mazze supports smart contracts with Ethereum Virtual Machine (EVM) compatibility, which aims to facilitate the migration of decentralized applications (DApps) from other EVM-compatible blockchains. This integration seeks to offer developers robust smart contract capabilities while ensuring performance and security.[9]
Mazze Testnet
The Mazze Testnet aims to provide a risk-free environment for testing and development. It supports smart contract deployment and experimentation with new technologies, and is compatible with the Ethereum Virtual Machine (EVM). Testnet tokens are available via faucets for testing purposes.
Unlike the mainnet, which is used for real transactions and features greater stability and security, the testnet tokens have no monetary value and are intended solely for development and testing.[10]
Tokenomics
Mazze Token ($MAZZE)
The native MAZZE token is designed to support various functions on the Mazze blockchain. At the mainnet launch, 5,000,000,000 tokens will be minted, with a one-way bridge enabling the conversion of ERC20 MAZZE tokens from Ethereum to native tokens. The token aims to facilitate network sustainability, liquidity, and community involvement.[6]
Utility
The MAZZE token provides several utilities within the Mazze ecosystem:
- Transaction Processing and Smart Contract Execution: Aims to facilitate transactions and the execution of smart contracts.
- Bonding for Storage Space: Required to secure storage space on the network.
- Miner Rewards: Given for transaction fees and block rewards.
- Economic and Security Measures: Supports the network’s security and consensus mechanism.
- Block Reward Management: Manages inflation by reducing block rewards over time.
- Adoption Incentives: Designed to be compatible with Ethereum tools to encourage use.
- Network Incentivization: Aims to promote user participation and network security.[7]
Allocation
The MAZZE token allocation is as follows:
- Public Sale and DEX Liquidity (52%): Aims to provide liquidity and support the public token sale.
- Ecosystem Development Fund (20%): Intended to support innovation and growth within the ecosystem.
- Team Growth Fund (12%): Allocated for hiring and training new talent.
- Community Engagement Fund (8%): Designed to support community-building activities and programs.
- Marketing and Promotion Fund (8%): Aims to fund marketing campaigns and promotional activities.[8]
Ambassador Program
The Mazze Ambassador Program aims to involve individuals in representing the Mazze blockchain project. Ambassadors are tasked with raising awareness, providing feedback, and engaging with the community. They may gain early access to features and participate in discussions. The program seeks blockchain enthusiasts, content creators, and influencers.[11]
Mazze
Commit Info
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Edited On
September 16, 2024
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