MassBit Intro
The fully decentralized solution to make your DeFi and Web3 dreams come true
Last updated
The fully decentralized solution to make your DeFi and Web3 dreams come true
Last updated
MassBit provides fully decentralized solutions for Defi and Web3 App project development. Currently with 4 products in the stage of development, MassBit enables DeFi and Web3 App development to be faster, stable, scalable, and more cost-effective.
The powerful โglueโ holding together and supporting all the products is the MassBit Verification Protocol, which is based on Proof of Stake. The protocol incentivizes those working within the system to verify each otherโs work. The verification of other nodes, gateways, or indexers gives rewards or penalties for the mistakes to each individual or entity. From that, the protocol ensures the whole networkโs health.
We work with small API providers and validators to form decentralized gateways. Some API providers only utilize 20% of their capacities while validators or miners only do their work to earn rewards but waste other resources (data and APIs). With Massbit, our validators earn more rewards and serve numerous DeFi and Web3 apps. The testnet is currenly open! Check it out here.