What is MaidSafeCoin?
SAFE Network is a platform for storing data in an encrypted and decentralized way. Clients can be either "users" or "farmers". Farmers are responsible for storing, providing and manipulating data for users, and are rewarded with Safecoins for it.
To ensure privacy, data sent to the network is encrypted and divided into small pieces, which are sent to multiple "vaults" (farmer nodes). Therefore, a vast number of nodes are storing the same bit of data, ensuring it's never offline. Farmers must rst go through a proof-of-resource to check for bandwidth and hardware to run a vault.
Unlike most cryptocurrencies, SAFE Network doesn't have a blockchain. They use "XOR Networking", which is a way of allocating a "digital physical location" to a vault. Each vault is "XOR located" and thus "XOR distant" from another. When data is uploaded to the Network, its split and distributed in a manner that they are kept by vaults close to each other. Close enough vaults always share much of the same copy of data pieces, and the probability of a data piece being stored by two vaults decrease as they distance. Vaults form groups and reach consensus among themselves. They also "group sign" actions that need to travel along the network (such as group forming, splitting or merging).
Nodes can become "elder vaults", able to vote (such for forming and splitting groups) and perform other special transactions. Elder vault status is reached as the node "ages" and by progressive proof-of-performance.
MaidSafeCoin News And Market Price Data
- Historical Data
- Lummis says Fed is 'violating the law' with Wyoming blockchain bank delaysCointelegraph.com News - 40 minutes agoThe Republican senator for Wyoming has called on her colleagues to withhold support for Fed chair Jay Powell. Republican senator for Wyoming Cynthia Lummis has…
- 15 crypto leaders make the cut for Forbes 30 Under 30Cointelegraph.com News - 52 minutes agoForbes has named 15 crypto business leaders in its latest 30 under 30, with OpenSea co-founder Alex Atallah and Alamada Research co-CEOs Caroline Ellison and…
- Miami to use PlanetWatch and Algorand for air quality monitoringCointelegraph.com News - 1 hour agoPlanetWatch has been tapped to deploy a network of air quality sensors around the city to monitor the concentration of air pollution. Miami is preparing…
- In 2013, Wired destroyed the key to 13 BTC now worth $760K... to make a pointCointelegraph.com News - 2 hours agoWired considered donating their holdings to charity back in 2013, but instead decided the “obvious” choice was to destroy the key to their wallet holding…
- $106M worth of Metaverse land sold last week: DappRadarCointelegraph.com News - 2 hours ago“Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the…
MaidSafeCoin Frequenty Asked Questions
Where does MaidSafeCoin (MAID) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, MaidSafeCoin currently ranks in position 338 out of the top 1000 cryptocurrencies. Another important factor in popularity is MaidSafeCoin‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. MaidSafeCoin has a market cap of $ 218,922,734, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,073,760,592,620, Litecoin at $ 14,092,573,827, Ethereum at $ 537,712,274,217, Tether at $ 75,133,792,761, and XRP at $ 45,923,055,702.
What is the price of MaidSafeCoin (MAID) today (updated in realtime)?
The current price of MaidSafeCoin is $ 0.483751 in USD. (The price in Euros is 0,426666 €; and the price in Bitcoin is Ƀ 0.00000851 BTC.)
How has MaidSafeCoin (MAID) performed recently?
MaidSafeCoin‘s price has decreased in the last 24 hours by -6.42%. The change in price over the last seven days was 9.20%. The trading volume over the last 24 hours was $ 1,187,237. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is MaidSafeCoin‘s (MAID) market supply?
The total circulating (available) supply of MaidSafeCoin is 452,552,412 MAID. The total supply of MaidSafeCoin is 452,552,412 MAID.
What is the 24 hour volume for MaidSafeCoin (MAID)?
The 24 hour volume of MaidSafeCoin is $ 1,187,237.
What is MaidSafeCoin (MAID) official website?
MaidSafeCoin‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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