Welcome to Marscoin
Marscoin is a ✨ Groundbreaking Layer 1 ✨ , is inspired by Musk’s Mars immigration plan and Musk’s 2021 tweets on X (
https://x.com/elonmusk/status/1361709250561642498). The goal is to use innovative, cutting-edge algorithms to enable true decentralized finance in a future on Mars.
Marscoin have developed a brand new mining algorithm (XmarsHash) to combat ASCI miners and Mining pools, a dynamic X13+SHA512 algorithm (supports CPU/GPU).
The centralization problem is essentially a wealth distribution problem! Marscoin builds a new distribution mechanism (interval reward distribution mechanism) based on the underlying economic model to solve the centralization problem. Centralization cannot bring greater economic benefits. Therefore, the willingness to centralization will be greatly reduced, thereby ultimately achieving the goal of decentralization.
Satoshi’s vision
Originally, Satoshi Nakamoto had an idealized hope for mining being a democratized way of establishing consensus. This can be seen for example in his famous whitepaper [2] where it says:
'Proof-of-work is essentially one-CPU-one-vote.'
He knew that with the advent of GPU mining, many CPU miners would be kicked out of the network, which would be against his vision of fair, equal and decentralized mining.
We all know that his hopes have not been fulfilled, today Bitcoin is mined on specialized expensive hardware and only those with access to this hardware can participate in mining. After all, Satoshi was not able to solve the issue of centralized mining.
We know that there are many teams working on solving the problem of centralized mining. They tried many methods, but always came up with software and hardware algorithms to solve the centralization problem. In fact, they all ignored an important point: centralization is essentially a question of interest distribution,This is an economic problem that must be solved from a distributional perspective.
Today, Marscoin integrates a decentralized mining pool into the blockchain for the first time. Through two workload proofs, the problem of centralized mining was perfectly solved and Satoshi Nakamoto’s wish was truly realized.
Technical Details
Marscoin core base on Blockcore, is a platform to build Layer 1 consensus networks based on the Bitcoin protocol.We reconstructed the POW algorithm and block allocation consensus above.
POW Algorithm (XmarsHash)
The new algorithm is called "XmarsHash",a dynamic X13+SHA512 algorithm (supports CPU/GPU).
CPU and GPU friendly: Both devices should be able to mine efficiently as they are the most common parts and everyone have access to them
Randomness: The algorithm used for the next hash calculation is automatically matched based on the last calculated hash value.
ASIC-resistant: ASIC shouldn't provide too much advantage over CPUs and GPUs in efficiency
Useful POW: Using two layers of proof of work, it is guaranteed that as long as the node participate in the calculation, will be rewarded.
Block Reward Principle (The core of decentralization)
During the proof-of-work process, once the basic hash requirement is reached, the node will immediately send the currently calculated nonce value to the memory pool (only once per block), and then continue to complete subsequent proof-of-work until Find the block. When a block is discovered, 90% of the reward will be distributed equally to all miners in the mempool, and the remaining 10% will be distributed to the block discoverer. If there is no data in the mempool, the block discoverer will receive all block rewards.
Coin Spec
Name: Marscoin
Ticker: MSC
Total Supply: 21 Million
Initial block reward: 1 MSC
Halving time: 10.000.000 Blocks
Block Time: 15 second
Pow Algo: XmarsHash
Quick Facts
No Pre-mine
Project was fairly launched on Bitcointalk.
Fair Mining
XmarsHash algorithm resists ASIC/FPGA devices.
Open Source
All source code is publicly available on Github.
No Dev Fees
No unfair allocation to anybody aka "development" funds.
PoW + PoS
Pos starts from block height 50,000
Decentralization
Solve the centralization problem from the block allocation mechanism.
Useful Links
About Testnet
This round of testnet will stop after the block height reaches 50,000. The total block reward is 50,000 msc, which can be redeemed at a 1:1 ratio when the mainnet goes online. We will decide the mainnet launch time node based on the results of this round of testing.
Notice
Save the wallet mnemonic, and testnet points will be issued to your wallet address when the mainnet goes online.
