MaidSafeCoin (MAID) is described as the world’s first autonomous data Network. The project, which became operational on April 28, 2014, has just begun to make its name known in the crypto money world. In this article, as Kriptokoin.com, “What is MaidSafeCoin?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is MaidSafeCoin? What does MAID do?
In the MaidSafeCoin network, people cannot determine the fee for network services. The network constantly changes prices depending on available resources and investor demand. However, it keeps it as low as possible. In Safe Network, the understanding of “currency = data” prevails. At the same time, the currency of the network is data, and all data on the network is stored securely. Basically, the network functions as a ledger. This notebook is hidden and fully integrated and is not an add-on. MaidSafeCoin is used by the network to promote the continuity of resources. Value is measured and rewarded without using any resources unnecessarily.
How does it work?
The SAFE network strives to store encrypted data and provide features such as file sharing, anonymous networking, serverless data, uncensored communication, and a scalable cryptocurrency with no transaction fees. At the same time, it aims to achieve this by transforming the existing server-centered data storage model into a data-centric model. The SAFE network has customers and farmers. On the platform, customers are people who want to access data. At the same time, farmers are the people who manage data and provide it to customers when requested.
Any data is fragmented and stored in a hash in farmer systems. The hash prevents the stored data from being read and also keeps backup copies. In this way, data can be accessed even if the system that stores the data is turned off. The more popular the data, the more copies are needed to ensure rapid access and widespread use. Any two pieces of data are spaced at XOR distance. In particular, this is done randomly through Close Group Negotiation. The use of Close Group Consensus helps nearby vaults to share data with each other and help re-create the network.
What are MaidSafeCoin features?
SAFE Network is a decentralized, secure, privacy-protecting system that enables communication and storage. It uses the spare capacity of everyday internet-connected devices to create an autonomous data network layer. SAFE Network is designed to give people complete sovereignty over their personal data. But it still allows rich and scalable software platforms to be built on top of business solutions and investor experiences.
SAFE Network also offers some opportunities to individuals and businesses. It provides the opportunity for financial stability by trading resources, products, ingredients and creativity without the need for intermediaries. It provides a flexible and high-performance economic system based largely on digital carrier certificates. In this way, it is a system that paves the way for new generation carriers.
What is MaidSafeCoin? How to buy MAID?
MaidSafeCoin is listed on a small number of exchanges. MAID Coin, with its short name used in exchanges, can be purchased from Bittrex and HITBTC.
