“ MMX – fast, low cost, feature rich, decentralized – with tokenomics of an actual currency ”
A blockchain written from scratch, doing most things differently.
Design
- Variable token supply governed by consensus voting (1 block = 1 vote)
- High throughput L1 with consistent block interval (500 TPS, 10 sec)
- Novel Smart Contract VM for ease of development + high performance
- Energy efficient Proof of Space, with optional Proof of Stake (Tx fees only)
- Block reward is adjusted to stabilize price, a key property of any currency
- Minimum transaction fee to allow large block size without spam and DB bloat
- Using only a few libraries to keep codebase clean (and secure)
- No pre-mine, no ICO, no investors
- Account model based
Components
- High performance code (C++, can handle over 1000 TPS easily)
- Parallel transaction execution when possible
- Custom high-level VM for Smart Contracts (similar to JavaScript)
- Native support for variants, arrays, maps and objects
- Unified memory (automatic persistence and state updates)
- Compiler for a restricted sub-set of JavaScript
- Roughly two machine instructions per source line (on average)
- Native token support (no "approvals" needed, NFT = 1 mojo)
- Smart contract offer based trading (fixed price, OTC)
- Liquidity pool swap based trading (AMM, multi-fee tiers, similar to UniSwap v3)
- ECDSA signatures for seamless integration (same as Bitcoin)
- Custom database engine (much faster than RocksDB / LevelDB, blockchain specific)
- Adaptive SHA256 VDF to govern block interval (no fake timers like Solana)
- Fully featured Node with built-in Block Explorer, Wallet, Market, Swap as well as HTTP RPC endpoints
Roadmap
| Release | Date | Description |
|---|---|---|
| testnet7 | Sep 2022 | Finished. [1] |
| testnet8 | Oct 2022 | Finished. Incentivized testnet, height 25k-425k. [2] |
| testnet9 | Dec 2022 | Finished. Incentivized testnet, height 25k-1220k. [2] |
| testnet10 | Apr 2023 | Active. Incentivized testnet, height 40k-3200k. [2] |
| testnet11 | tbd | Planned May 2024. [2] |
| mainnet | tbd | Planned Q4 2024. |
[1] Coins farmed on testnets are not worth anything, now or later.
[2] A fixed reward of 0.5 MMX per block win on incentivized testnets will be given on mainnet genesis.
See #mmx-news and #mmx-general on Discord: https://discord.gg/BswFhNkMzY
Please take a look at the Wiki:
To access WebGUI, go to: http://localhost:11380/gui/
Only available on localhost, because it has full access to your wallet.
Login password is auto-generated at first launch, located in $MMX_HOME/PASSWD file.
- New
Swapcontract, to trade via liquidity pools (similar to UniSwap, anyone can provide liquidity and earn fees) - Improved
Offercontract: partial trades and extending offers are now possible - Re-designed
Virtual Plots: withdrawal is now possible with a 10% fee (no lock duration, fee is burned), also there is no more expiration - Network traffic is now compressed via
deflatelevel 1 - Second best farmer will now create an empty block (just to get the reward), in case the first farmer fails or is too slow
- Decentralized Timelord rewards (fixed 0.0025 MMX per block, paid by TX fees when possible (but never more than 1/8))
- New AMM Swap with multi-fee tier system (you can chose between 4 fee levels for your liquidity)
- Account activation TX fee (0.01 MMX when transferring to a new address with zero balance)
- Increased min block reward to 0.5 MMX
- Full transition to smart contracts with compiled JS like code
- Harvester improvements for compressed plots (graceful degradation)
- New dev fee system, based only on TX fees, with a fixed amount plus 1% (but never more than 1/4 of TX fees)
- Plot filter has been decreased to 256 now, as it is planned for mainnet
- Many improvements to the code base
- New plot format:
- k29 to k32 max
- 9 tables
- very low compression only
- CPU farming only
- SSD and HDD plot types
- Old format no longer valid
- Transaction output memo support
- Block reward voting support
- Swap algorithm improved
- Swap fee levels changed to: 0.05%, 0.25%, 1% and 5%
- Using zstd compression for network traffic
- NFT plot support (testing only)
![@dependabot[bot]](https://avatars.githubusercontent.com/in/29110?s=64&v=4){kind=small}
