MMX is a blockchain written from scratch using Chia's Proof Of Space and a SHA256 VDF similar to Solana.
It's main features are as follows:
- High performance (1000 transactions per second or more)
- Variable supply (block reward scales with netspace, but also is capped by TX fees)
- Consistent block times (every 10 seconds a block is created)
- Native token support (swaps are possible with standard transactions)
- Energy saving Proof of Space (same as Chia)
- Standard ECDSA signatures for seamless integration (same as Bitcoin)
MMX is desiged to be a blockchain that can actually be used as a currency.
For example the variable supply will stabilize the price, one of the key properties of any currency.
Furthermore, thanks to an efficient implementation and the avoidance of using a virtual machine, it will provide low transaction fees even at high throughput.
Tokens can either be traditionally issued by the owner, or they can be owner-less and created by staking another token over time, in a decentralized manner governed by the blockchain.
In the future it is planned that anybody can create their own token on MMX using a simple web interface.
The first application for MMX will be a hybrid decentralized exchange where users can trade MMX and tokens, as well as possibly a decentralized storage platform.
A mainnet launch is planned in ~6 months or so. Currently we are running testnet4, so the coins farmed right now are not worth anything.
See #mmx-news and #mmx-general on discord: https://discord.gg/pQwkebKnPB
Please take a look at the Wiki: