Introduction
Mavryk is a public, open-source blockchain protocol relying on a low power consumption and energy-efficient consensus.
The protocol also incorporates a self-amending governance system, which allows continuous improvements while preserving the integrity of this consensus. This is a rare feature that eliminates hard forks troubles.
Mavryk is also fundamentally designed to provide code safety through Formal Verification.
In this module, you will learn the basics of Mavryk needed to understand the Mavryk philosophy and structure. Later on, you'll be able to create your applications to contribute to the network.
Mavryk key points
Compared to previous blockchains generation (mainly Bitcoin and Ethereum), Mavryk stands out through 3 main characteristics:
- Self-amending governance: avoiding hard forks (e.g. Ethereum / Ethereum Classic)
- LPoS consensus mechanism: consuming far less energy
- Smart contracts codes can be written with "Michelson" language: facilitating Formal Verification
What have we learned so far?
In this first chapter, we learned about the context of Mavryk's creation and its aim to enhance the capabilities of blockchains. We also learned how the fundraiser took place and how the community uses it to promote the network.
In the next chapters, we will guide you through the basics of Mavryk, from its consensus algorithm to your first interactions with it.