MaidSafeCoin price

MAID

Rather than using blockchain, the SAFE Network extends peer-to-peer and distributed hash table technology, forming consensus from decisions amongst small self-governing groups of devices—or nodes.

Data uploaded to the Network is split into chunks, encrypted and randomly distributed amongst these nodes, which must reliably store and serve this data over an extended period before being rewarded. Proof-of-Resource rather than Proof-of-Work.

Rewards are paid to nodes in the form of Safe Network Tokens, which can be spent on Network services such as data storage, transferred as payments, or exchanged for other currencies.

There are 452,552,412 MaidSafeCoins in circulation. This represents 10% of the total supply of Safe Network Tokens available over time after Network launch.

What are Safe Network Tokens?

The technology that underpins this—based on decentralised Digital Bearer Certificates—provides for advanced digital currency features: fast, scaleable, and private transactions with no fees, and even offline capabilities.

So not only will these power the economic incentives of the SAFE Network, they offer a platform for a new generation of digital currencies and monetary services.

MaidSafe are the team behind the SAFE Network, and the core developers of its protocol.

Founded by engineer David Irvine, work began on the project in 2006 with a team based in Scotland. A crowd funding round followed in 2014, and with it MaidSafeCoin.

The project is still headquartered in Scotland, but with a a global team of thinkers, inventors, tinkerers, PhDs, engineers and designers. The mission? To provide security and privacy for everyone.