What Is MaidSafeCoin?
There are a lot of cryptocurrencies which exist now. Each of them has its own features, positive and negative sides.
Bitcoin is the first cryptocurrency which is run on the framework. It gave the start and generated other cryptocurrencies. All of them are based on the same concept. There are only a few points that make them unique.
Now, the cryptocurrency created by MaidSafe is one of the newest cryptocurrencies. MaidSafeCoin is known as MAID (Massive Array of Internet Disks). It is a fully decentralized cryptocurrency. Maid currency is a type of digital asset. This MaidSafe coin was specially designed to provide secure transactions.
MaidSafe is a company which is creating a new SAFE Network. SAFE (Secure Access for Everyone) Network is a new decentralized database service. The SAFE network is decentralized data storage, which aim will be to provide secure and low-cost infrastructure for everyone. It is also designed in order to share the unused computer recourses: program storage space, internet connectivity, processing power. SAFE Network is the secure Internet, which is not based on blockchain technology.
MaidSafe is a fully decentralized data management system, where the developers are able to create their decentralized applications. With MaidSafe, you may share your unused computer resources. With MaidSafe, you can replace the entire Internet.
MaidSafe does not use Proof of Work; instead, it used a new algorithm which is known as Proof of Recourses. Proof of Recourses uses miners CPU’s and regulates the MaidSafe network. The computing power is essentially being used for a higher purpose.
The biggest difficulty in blockchain technology (MaidSafe is not blockchain) is that it is difficult for users to join the network, application or to join a platform. David Irvine (MaidSafeCoin developer) made MaidSafe be an easy process for everyone.
MaidSafeCoin was designed and developed by Scottish engineer David Irvine in 2006.
MaidSafe Company is based in Troon in Scotland. It develops its project with the help of sponsors support.
The very first launch was in February 2016. In September the same year, email feature was represented to the users. The Alpha1 version of MaidSafe was released in August 2016, and the Alpha 2 version was released on September 21, 2017. MaidSafe consists of thinkers, PHDs, investors, tinkerers, designers, engineers. Each of them performs its individual role and function, in order to develop MaidSafe.
In September 2, 2017 MaidSafeCoin’s market capitalization was 300,000,000 dollars.
Now, MaidSafeCoin is one of the largest crypto-currencies of the market capitalization. Although MaidSafeCoin provides a great support for its currency, the company is basically working on creating its own blockchain which will help to find other currency use.
The Internet users’ interest in the cryptocurrency world is rising rapidly. That is all because virtual money operations are not controlled by any credit and financial institutions. Cryptocurrency is not influenced by the government. This property of virtual money is called decentralization. Decentralization is the process of distributing functions, powers, people or things away from the central authority. The aim of the decentralized system is replacing existing network insecure servers with a fully distributed, secure and private network system, where nobody can steal, copy, and sell your data. The platform offers a distributed network system which allows its developers to create various secure apps.
A decentralized exchange does not rely on a third-party service. Instead, trades are performed directly between users (peer-to-peer) with the help of automated process.
The greatest benefit in a decentralize exchange is their” “trustless” feature. It means that you do not allow any central authority to store your funds because they are held by you in your wallet.
Privacy is the other benefit. Users should not show their personal information to anyone (except the way if the exchange method includes bank transfers).
And the last, the distribution of decentralized exchanges is distributed through the nodes. It means that there is no risk of server downtime.
How Does MaidSafe Work?
The encryption method is very valuable because nobody can read your data. It is encrypted and the data’s shards are distributed and scattered all over the Internet. The greatest MaidSafe network benefit leads in its security system, which ensures that nobody knows where these scattered shards are. Nobody will access your data without your personal permission.
Is Maid Investment A Good Idea?
Currently, you may invest in a new form of money which is called “cryptocurrency”. Secure Maidsafe coins provide a high-security level compared to other currencies. It keeps on growing.
It is wise and logical that people like to invest their money in something that is really reliable and secure. They like to invest and gain a great profit. One of the best networks that they can get easily is through the MaidSafeCoin.
The Maidsafe is based on the SAFE service. SAFE means the Secure Access for everyone. In comparison with the other types of coins, this cryptocurrency is different, because it doesn’t make use of the blockchain technology.
Now Maid market is growing and developing. So, you may invest your money in MaidSafe, and you may notice that your investment will provide you with good returns.
What Is The MaidSafe Goal?
MaidSafe is an organization, which aim is to create SAFE (Secure Access for Everyone) Network. MaidSafe has a high level of security which is not similar to the existing. Currently, nobody can trust their data, because storing it online became insecure and risky. MaidSafe goal is to check it and provide privacy and security to your data. People who share their computer recourse receive MaidSafe cryptocurrency in return.
What Is SafeCoin?
The safe coin is the heart of cryptocurrency network. It is designed for peer-to-peer sharing of unused computer recourses (disk drive storage, CPU, GPU, random access memory, network communications).
SafeCoin is a credit system which is used by the Secure Access for Everyone (SAFE) Network. This network is arranged in such a way that everyone can set their computer as a node in the SAFE network, allowing network traffic to use their resources in exchange for the reward, – a network token called SafeCoin. So, if you are a part of the Safe Network and you are contributing your recourses you can save coin in return.
The SafeCoin cap includes of 4, 3 billion coins. Only 10 percent of this amount was released via MaidSafeCoin.
The SafeCoin offers a new algorithm which is called a Proof of Resource. The SafeCoin is generated by the network or its participants.
The more data users withdrawn from the network, the more SafeCoins are earned. In addition to this, you need to know that the reward depends on the processor speed, memory bandwidth, disk space and online time. The Safe coin may be used by all the participants of the network. It is issued by Farmers and Builders.
The SafeCoin system, in comparison with Bitcoin’s blockchain system which takes about 10 minutes, can perform millions of transactions per second and check them at network speed.
The SafeCoin transaction manager remembers only the previous and the existing owner of the SafeCoin, while Bitcoin blockchain remembers all the owners, as well as a complete transaction history.
In comparison with the other currencies, the SafeCoin distribution is provided by the information and the number of coins, which is regulated by the SAFE network, is related to a number of resources which are allocated to it.
The SafeCoin can only circulate in the SAFE network. It can be stored in the wallets of its users who use it in order to purchase services on the network.
What Is SAFE Network?
Scottish MaidSafe programmers decided to create their own absolutely independent network. They called it SAFE. Like any individual network, SAFE operates in a Global Network, but the storage of various data is decentralized.
The SAFE Network is made up of the unused space on the hard drive, which offers a great level of security and privacy to its users. Its aim will provide its users with a full control of their data so that they won’t trust it to various organizations.
The SAFE Network technology work also leads in using peer-to-peer technology, which shares recourses between interconnected nodes without the use of centralized authority. It means, that the SAFE Network combines (joins) the scattered computing power of all the SAFE users. It creates a Global network which is available to everyone.
The SAFE network is created from unused disk space, CPU power and network capabilities of ordinary computers. These computers are considered to belong to the system users, but it is not necessary. Each computer will is able to mine the credits, which then can be exchanged for goods and services. These loans are called SafeCoins.
SAFE Network uses SafeCoin as a credit system. SAFE Network interacts with farmers and builders.
The network is created with the help of idle computer resources. Farmers, as well as the Bitcoin miners, earn coins, providing the resources of their computers. Farmers use the MaidSafe client to ensure the operation of the SAFE network nodes, they receive Safecoins in return.
Everyone can be a farmer. All you need is to download the application for the SAFE network and run it in the vault mode. The network is able to adapt automatically. The network stores the data and distributes them randomly among the numerous nodes.
The system works on the principle of Proof of Resource (P.O.R), verifying that the allocated resource by the farmer is really available to use.
Builders create special SAFE network apps, and also receive SafeCoins in return. Safe Network processes both static and dynamic data.
The Safe Network is an open resource, which is accessible to everyone. Everyone can share their computer recourses and it does not matter where you are. You are able to share computer resources all over the world.
Best MaidSafeCoin Wallet
A lot of MasterCoin holders recommend Omniwallet as the best MaidSafeCoin wallet. It controls your private key, Creates assets, launches crowd sales, and trade on the distributed exchange. Omniwallet is a great web wallet. It offers client-side encryption, wallet backup and storing your wallet offline. It combines security, usability and multi-currency support.
How to Buy MaidSafeCoins?
If you decide to buy MaidSafeCoin you need to know how and where you can do it. So, MaidSafeCoin can be bought and traded on a lot of exchanges.
- 1 What Is MaidSafeCoin?
- 2 How Does MaidSafe Work?
- 3 Is Maid Investment A Good Idea?
- 4 What Is The MaidSafe Goal?
- 5 What Is SafeCoin?
- 6 What Is SAFE Network?
- 6.1 The ultimate smart contract
- 6.2 No middleman
- 6.3 Self-encryption
- 6.4 Opportunistic Data Caching
- 6.5 Duplicated Copies
- 6.6 Duplicated copies are removed
- 6.7 Global distribution without the human intervention
- 6.8 Farming
- 6.9 Easy to start
- 6.10 100% secure
- 6.11 Highly usable and free API
- 6.12 SafeCoins are fully distributed by SAFE network algorithms
- 6.13 There are not administrators - only users
- 6.14 Privacy and data protection are provided by thousands of algorithms, running on hundreds of nodes.
- 6.15 No one has access to other people's data if they are not specifically disseminated
- 6.16 The server cannot be hacked
- 6.17 The uncensored Internet
- 7 Best MaidSafeCoin Wallet
- 8 How to Buy MaidSafeCoins?