MaidSafeCoin (MAID)

8 Articles 2 Followers

The MaidSafe (MAID) token and the SAFE network was first conceptualized far back in 2006, making the project one of the earliest forays into digital assets. The project is led by Scottish engineer David Irvine with the team comprising of individuals with experience in a diverse set of disciplines. 

MainSafe’s tagline is ambitious, stating that the network is one that aims to provide privacy, security, and freedom to everyone on the planet. The team is preparing to do this through the SAFE network, an open source decentralized network that is focusing on a few key areas when it comes to using the internet.

Broadly speaking, the MaidSafe team aims to develop a foundation for a more secure and private internet, primarily through better data storage. SAFE, which stands for Secure Access For Everyone, is a decentralized storage system where the users on the network are responsible for storing this data.  

The network uses a consensus algorithm called Proof-of-Resource (PoR), which essentially means that the more computing resources that an individual decides to contribute, the more likely they are to be rewarded with SafeCoins. Developers are also paid SafeCoins when the applications that they have built are used. MAID tokens are proxy tokens that will be replaced by SafeCoins when the latter is released.

Despite having quite a long history, the alpha phase of MaidSafeCoin launched very recently, in early 2019. Developments in 2019 include the release of version 0.1.0 of the SAFE mobile browser. 

The remainder of 2019 and the upcoming year will see the release of Alpha version 2 of the network, which will let users test several features, like self-authentication and self-encryption. A standalone network called SAFE Fleming Network may also be released by the end of the year, a network which does not feature storage solutions but rather allows individuals to run decentralized routing nodes.

eMAID sees MaidSafe join the ERC20 World

26 Apr 2022 1 minute read 1 comment Thunderboltkid

New from the MaidSafe  'Safe Network'  User Forum, circa April 14th 2022, Maidsafe liquidity is now 10000% better:   "pass as little or as much of your existing Omni MaidSafeCoins (MAID) as you want to a burn address via a trusted custodian (Altcoino...

CRYPTO TKOs ISSUE #026: STORAGE Porridge -All the Same? TK Reads the 'Rings' of Crypto Storage

14 Dec 2021 16 minute read 0 comments Thunderboltkid

Ok you invested in Storage crypto, maybe you didn't do well? This post was originally set to go out May 2021,  then I held off as the market spiked, again, to see how the Storage Segment would settle and boy did it settle. Imo there is still hope for...

Decentralized Web- A new paradigm

18 Dec 2020 2 minute read 0 comments Ryyu008

Hello folks in this post we shall discuss the impact of a decentralized web, and what that might mean for the future of democracy and human civillization in general. Before we go into discussing this new emerging paradigm, we shall discuss the impact...

The Crypto Internet of Tomorrow: SAFE NETWORK - by 2021?

17 Jun 2020 15 minute read 14 comments Thunderboltkid

With #Maidsafe 's release of "vaults from home" on their SAFE Network test net (operating as 10 nodes on Digital Ocean  which anyone can try out) we truly do get a real glimpse of the future today. SAFE NETWORK: The BIG IDEA- Internet 2.0, with Cryp...

Sexy time with the Maid

9 Mar 2020 4 minute read 0 comments Sutra

I was 19. The age when I was at the peak of my perverseness. We had a maid at the time, she was from Mexico. A Latina she was hot and young. At just 28 years old Liliana was the hottest young mamma I had ever seen. She was slim and tall and had the p...

What is MaidSafeCoin (MAID)? [A Comprehensive Guide to MaidSafeCoin]

13 Nov 2019 6 minute read 1 comment Mr.CryptoWiki

Cryptocurrencies and the blockchain started off with a simple idea: making money and its exchange decentralized. This has a broader implication that quickly became understood as it went beyond the small tech circles that bitcoin originally operated i...

Nextgen Crypto Storage & Compute as a Service: MaidSafe Safe Network vs. IOTA Qubic

19 Oct 2019 21 minute read 11 comments Thunderboltkid

Thinking about becoming a crypto miner and need power? Really Cheap Power? Well nothing is cheaper than make it yourself sans(without) the overhead of transmission, distribution, power generation and profit taking charges foisted on you by the power...

A Quick Overview Of Maidsafe Project

28 Aug 2019 4 minute read 2 comments Rumi

Overview MaidSafe is а project fоr а decentralized internet, created іn 2006 bу Scottish engineer David Irvine. MaidSafe’s concept predates Bitcoin bу ѕеvеrаl years, although it’s ѕtіll іn іtѕ alpha phase. When completed, the SAFE network wіll work...