WhitePaper of MMC

MMC Hub

Application market built on MMC network

The MMC ecosystem is divided into four layers from bottom to top: protocol layer, network layer, application layer, and asset layer. The MMC hub is the third layer architecture (application layer), providing developers with more user-friendly development tools and an application marketplace.

The design of the MMC hub integrates AI model repository and computing power onto one platform. Model developers package their AI models into Docker and upload them to the platform, providing examples and parameter descriptions to receive developer rewards. This greatly simplifies subsequent work. Users who want to use the models only need to subscribe to computing nodes and deploy the model's Docker with one click. They can run a complete AI instance with the model automatically configured with its API. This eliminates the cumbersome tasks of downloading models, purchasing cloud services, and setting up the deployment environment in traditional modes. It allows developers to focus more on AI development itself.

Through the MMC hub platform, the workload of building a commercial AI service similar to Midjourney is reduced to within a few hours, and the subscription costs are only 30% of traditional cloud services.

RWA DeFi

RWA (RealWorld Asset) DeFi is the fourth layer (Asset Layer) of the MMC ecosystem. Computing power will become a new digital asset in the Web3 world. Through the MMC protocol, the real-world GPU computing power can be confirmed for its work and workload on the MMC network, generating real and effective income. These earnings ultimately flow into the ecosystem through MMC tokens, establishing real value.

The RWA DeFi trading platform shapes the computing power and future earnings of MMC nodes into digital assets, providing better liquidity for the entire ecosystem. It also offers more flexible and efficient financial tools for computing power providers, such as computing power staking loans and crowdfunding for node building.

MMC establishes a computing power RWA trading market by investing in and incubating Compute DAO, providing MMC token rewards. For more information, refer to the Compute DAO whitepaper.

MMC DAO

Summary:

MMC is a decentralized computing network based on blockchain technology, providing efficient and reliable computing resources services to global computing nodes and users, while promoting the deep integration of blockchain technology and the field of artificial intelligence. MMC DAO aims to provide a decentralized way for the development and governance of the MMC ecosystem.

Mission:

The mission of MMC DAO is to promote the sustainable development and innovation of the MMC ecosystem, provide better governance and participation opportunities for members of the MMC community, and ultimately realize the vision of decentralized computing power to eliminate the digital divide and centralized monopoly.

MMC DAO will be committed to:

Optimizing the allocation of computing resources for computing power nodes and task scheduling, providing more efficient and reliable computing resource services for AI applications.

Supporting community building and information exchange between computing power nodes and users, jointly promoting the development of decentralized computing power and artificial intelligence fields.

Providing a decentralized governance mechanism that allows members of the MMC community to influence the development direction and decisions of the MMC ecosystem through voting and proposals.

Supporting technological and application innovations in the MMC ecosystem, providing more entrepreneurial and development opportunities for members of the MMC community.

Promoting the sustainable development of the MMC ecosystem and continuously expanding its scale and influence.

Governance:

MMC DAO will adopt a decentralized governance mechanism, allowing members of the MMC community to influence the development direction and decisions of the MMC ecosystem through voting and proposals. Specifically, MMC DAO's governance mechanism will include:

Proposal mechanism: Members of the MMC community can submit proposals to influence the development direction and decisions of the MMC ecosystem. Proposals need to meet certain standards and processes and must be approved by MMC DAO's review and voting before they can be executed.

Voting mechanism: Members of the MMC community can participate in governance voting to vote on important decisions and proposals. The voting results will be calculated according to certain rules and weights to determine the final decision.

Governance committee: MMC DAO will establish a governance committee elected by members of the MMC community, responsible for decision-making and development of the MMC ecosystem. The governance committee will develop corresponding governance rules and processes according to the needs and situation of the MMC community, and supervise and manage the operation of MMC DAO.

Finally, MMC DAO will continue to explore and innovate, bringing more innovation and growth to the MMC ecosystem. We will continue to pay attention to technological development and market changes, explore new application scenarios and business models, and contribute to building a more open, transparent, and free digital world.

Utility Token of Computing Power

In the MMC network, $MMC token serves as a utility token based on Computing Power as the Basis of Value, which aims to promote the trading and use of computing resources and provide more convenient trading and usage methods for computing nodes and end-users.

In the computing marketplace, people who hold $MMC can use it to purchase computing resources, and computing nodes can accept $MMC as a payment method for transactions. This trading method reduces transaction costs and time, and improves the liquidity and utilization of computing resources.

In addition to serving as a medium of exchange, MMC can also be used to reward the contribution of idle computing power to the network, subsidize buyers of computing power, and incentivize developers to contribute to the ecosystem. Smart contracts can be used to automate the management of computing resources and rewards, ensuring fair allocation of resources.

In the MMC ecosystem, $MMC can be used in various application scenarios, such as decentralized AI applications, blockchain games, and blockchain storage. These application scenarios can use $MMC to achieve more flexible and efficient resource management and trading methods, thereby improving the efficiency and performance of blockchain applications.

More computing power leads to new applications, which in turn attract more users. The growth of users inevitably leads to an explosion in demand for computing power. The flywheel has quietly begun to turn, and change is already underway. MMC, as a digital asset based on computing power pricing, will become an important part of the digital economy.

Start

The MMC network rewards participants through "computing mining", which differs from Bitcoin mining in the following ways:

The proof of work method is different: Bitcoin mining involves proof of work through hashing to obtain Bitcoin rewards, while MMC mining requires pre-proving computing power to obtain node rewards, which can then be used to obtain transaction rewards on the computing marketplace.

The matching method for work is different: Bitcoin miners' work is confirmed based on a fixed hashing calculation pattern, while MMC's work is matched based on the marketplace, which could be AI model training, 3D model rendering, or storage of a specific application, among others.

The method of guaranteeing miner income is different: Bitcoin miners only receive income if they successfully mine Bitcoin, so most miners choose to join mining pools to increase their mining success rate, while MMC miners only need to prove their computing power to guarantee rewards.

Unlike Bitcoin, MMC miners can apply to become validator nodes and smart router nodes for computing mining. These two types of nodes require stability over performance, so the hardware investment output ratio is very good.

Overall, although MMC and Bitcoin use similar mining mechanisms, there are some significant differences that make MMC mining more flexible and scalable.

Validator Node

The validator node is responsible for sending proof of computing and reaching consensus. The initial number of validator nodes is 13, and the number of new nodes added in each batch is (3F+1-current total number of validator nodes) to ensure that Istanbul Byzantine Fault Tolerance (IBFT) achieves a 2/3 consensus. The community will open an application portal when new nodes are needed, and any community member can apply to become a validator node.

Requirements for applying to be a validator node:

The validator node should cover the area where the computing node belongs.

The validator node must be configured with an independent public IP address, with a network bandwidth of no less than 100Mb/s.

A single validator node must stake 50,000 $MMC.

To release the pledged $MMC, you need to wait for 30 days.

Validator nodes should adhere to the principle of not doing evil and must not violate the fairness of the consensus algorithm for any reason. If a validator node engages in behaviors including but not limited to modifying code, implanting code, or leaking private keys, other validator nodes have reason to initiate an impeachment vote. If the voting result exceeds half, the community will cancel the verification qualifications of the impeached validator node, and the staked $MMC will be burned.

When a validator node suspects a private key leak, it must immediately notify the community to initiate a vote, and other validator nodes have an obligation to respond to the vote within 2 hours.

Validator nodes should choose high-quality cloud hosts or be hosted in professional IDC data centers to maintain a stable working state 7x24 hours.

When a new block is generated, every validator node needs to participate in the consensus. If a validator node fails to participate in the consensus for 10 minutes, it will be punished. The smart contract will automatically deduct 0.965 $MMC and the deducted $MMC will be burned.

Minimum recommended hardware configuration:

AMD EPYC 7343 3.2GHz, 16C/32T, 128M Cache (190W)

32GB RDIMM, 3200MT/s, Dual Rank 16Gb BASE x8

7.68TB NVMe U.2

PowerEdge R6525 Motherboard, with 2 x 1Gb Onboard LOM (BCM5720)MLK V2

Dual, Hot-plug, Redundant Power Supply (1+1) 1100W

Broadcom 25 Gigabit P225P SFP28 Dual Port Network Card

Trusted Platform Module 2.0 V3

Smart Router Node

The job of the smart router node is to allocate and schedule computing tasks, and any community member can apply to become the smart router node at any time. The requirements for applying to become the smart router node are as follows:

Smart router nodes should cover the area of computing nodes they belong to.

Smart router nodes must be configured with an independent public IP address, with network bandwidth not less than 100Mb/s.

A single smart router node must stake 5,000 $MMC.

To release the pledged $MMC, you need to wait for 30 days.

Smart router nodes must adhere to the principle of not doing evil and must not violate the fairness of the scheduling algorithm for any reason. If an smart router node engages in behaviors including but not limited to modifying code, implanting code, or leaking private keys, other smart router nodes have reason to initiate an impeachment vote. If the voting result exceeds half, the community will cancel the node qualification of the impeached smart router node and confiscate the staked $MMC, which will be burned.

Smart router nodes should choose high-quality cloud hosts or be hosted in professional IDC data centers to maintain a stable working state 7x24 hours.

Validator nodes initiate real-time state verification to smart router nodes. If the smart router node is offline for 10 minutes, it will be punished. The smart contract will automatically deduct 0.193 $MMC, and the deducted $MMC will be burned.

Minimum recommended hardware configuration:

AMD Ryzen 3960X 3.8GHz, 24C/48T

32GB DIMM, 2666MT/s

3.84TB NVMe M.2

Power Supply 650W

Trusted Platform Module 2.0 V3

Computing Nodes

The job of a computing node is to contribute computing power to complete tasks, and any community member can apply to become a computing node at any time. The requirements for applying to become a computing node are as follows:

Computing nodes receive rewards through PoW+PoS.

The range for staking by computing nodes is 10-1000 $MMC. The smart contract allocates rewards based on the amount staked by computing nodes after completing PoW.

Computing nodes must adhere to the principle of not doing evil, and should not launch any data attacks on the MMC network for any reason. If a computing node engages in behavior including but not limited to modifying code, implanting code, and leaking private keys, other computing nodes have the right to initiate an impeachment vote. If the vote result exceeds half of the votes, the community will cancel the node qualification of the impeached computing node. If there is a staking behavior, the staked $MMC will be burned.

Minimum recommended hardware configuration:

3.2GHz, 8C/16

16GB DIMM, 2666MT/s

500G NVME M.2

Nvida GeForce 2080Ti or higher