Blockchains offer hundreds of solutions for financial and data transactions, in a decentralized and secure way.
However, keeping personal data protected in a decentralized environment can cause doubts, especially for beginners.
This is why, in the MASA token system, privacy is one of the most important issues. The goal is to make users' identities secure.
What is Masa Network?
The MASA token is native to the Masa Network, which runs on the Avalanche platform as a subnet. The idea is to allow access to users' personal data in a consented and authorized way. Nothing is done without authorization being granted.
Masa Network is cross-chain, connecting Ethereum, Avalanche, Polygon, Binance Smart Chain and Scroll. Users' personal data is protected in a decentralized way, based on the blockchain organization.
Another feature of Masa Network is the use of LLMs (Large Language Models) algorithms, large language models. They are artificial intelligence that can be trained to work with enormous amounts of data available on the internet.
From text learning to blockchain
In general, LLMs are used to train AI to interact with humans and develop texts. One example is ChatGPT. In the crypto world, combining a token with artificial intelligence is advantageous for both. For blockchain, it is a way to analyze crypto trading data with greater speed.
For AI, it is a way of learning to deal with decentralized information on Web3. Until then, the available models work and are trained on centralized data on large servers.
By combining the decentralization of blockchain and the ease of AI processing, Masa Network also brings together users' personal data and the LLMs they use. This is done in a secure and decentralized way, with control and monetization, without losing privacy.
ZK-SBT
Sharing personal data securely is possible due to the ZK-SBT (Zero-Knowledge Soulbound Token), a non-transferable token linked to zero knowledge.
The concept of zero knowledge states that certain information is true just by stating that it is true, without needing proof. From there, users prove that they are themselves on the blockchain without giving additional information.
The non-transferable token is a type of NFT permanently linked to the user. It works as a cryptographic ID to reinforce identity authenticity. The MASA token system chose this mechanism to guarantee the security of user profiles.
Tokenomics
MASA coin is about utility and governance. It was created under the ERC-20 protocol, in circulation on Ethereum and will soon be available on BSC, Avalanche, Polygon and other chains. Holders have the power to vote on decisions on the platform.
Users earn MASA when they allow the use of their own data and have the security of negotiations attested by validators on the blockchain. Companies that want to use user data pay for the service using the token.
Learn more about cryptocurrencies
The MASA token is innovative because it allows the monetization of personal data, without losing privacy and security on the blockchain. At NovaDAX, you invest in this and other currencies quickly, simply and safely. Access the website and create your account!
