Do we need yet another Layer 1?

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Blockchain technology has been around for decades, but it didn’t become popular until the rise of Bitcoin. Satoshi Nakamoto’s idea of a decentralized network, a direct response to the 2008 financial crisis, offered an alternative to the old, centralized legacy systems. Since then, blockchain tech has been blooming with numerous networks vying for the spotlight. All of them are competing to provide the best platform and offer users a good balance between decentralization, security and scalability. These three elements are often thought impossible to combine according to the blockchain trilemma. This belief addresses the challenges that developers face when designing a new blockchain and posits that achieving all three simultaneously is an unrealistic goal.

Currently, all popular Layer 1 blockchains suffer from the trilemma and an increasing lack of decentralization. We’re witnessing a regression in the space where blockchains become more and more centralized with numerous examples. Up until recently (before the Merge), Ethereum was arguably the most decentralized and secure network, but it had major scaling issues. That’s why we’re seeing tons of Layer 2 scaling solutions, all trying to fix the problem. After the Merge, Ethereum reduced its energy consumption drastically, but it also became much more centralized. Other chains, such as Solana, have better scalability and decent security achieved, once again, at the cost of decentralization. But there is one Layer 1 blockchain that may have solved this development obstacle without throwing decentralization under the bus. It’s time we talk about Massa.

Massa is a brand-new