mmx-node
“ MMX – fast, low power, feature rich, compatible, decentralized – with tokenomics of an actual currency ”
A base blockchain written from scratch, using proven logic from Chia's Proof of Space and improved SHA256 VDF similar to Solana.
Design
- High transaction capacity, with low and consistent block times
- Energy efficient Proof of Space, with transition to virtual storage
- Rich compatible feature set, built into base blockchain
- Balanced hardware requirements, with nodes in home networks
- Designed with the properties and usage of an actual currency
- Variable supply stabilizes the price, a key property of any currency
- Efficient implementation provides low transaction fees, at high throughput
Features
- High performance code (1000 transactions per second or more)
- Custom high-level VM for smart contracts (similar to JavaScript)
- Variable supply (reward scales with netspace, but capped by TX fees)
- Consistent block times (every 10 seconds, governed by VDF)
- Native token and NFT support (atomic swaps with standard transactions)
- Smart contract offers for on-chain trading (bids locked into contract)
- Energy efficient Proof of Space (same as Chia)
- Standard ECDSA signatures for seamless integration (same as Bitcoin)
Roadmap
| Release | Planned | 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-tbd. [2] |
| testnet11 | tbd | Planned Q3 2023. [2] |
| testnetX | tbd | As needed. [2] |
| mainnet | tbd |
[1] Coins farmed on testnets are not worth anything, now or later.
[2] A fixed reward of 0.5 MMX per block win, in incentivized testnet, will be given on mainnet genesis.
See #mmx-news and #mmx-general on Discord: https://discord.gg/BswFhNkMzY
Installation / Setup / Usage
Please take a look at the Wiki:
WebGUI
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.
Release Notes
Testnet9
- 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
Testnet10
- 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 10 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