thedegeneratedev5150 / mmx-nodez

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:

• Installation
• Getting Started
• CLI Commands
• Frequently Asked Questions

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 Swap contract, to trade via liquidity pools (similar to UniSwap, anyone can provide liquidity and earn fees)
• Improved Offer contract: 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 deflate level 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 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