All Cryptos > MaidSafeCoin (MAID)
MaidSafe is a company that is designing and implementing what they call the SAFE Network - a next generation secure and decentralized data management service that is built by sharing the unused computer resources of the individual network participants. Each user of the SAFE Network is rewarded by providing a part of their computer resources: data storage space, processing power, and Internet connectivity, thus forming a large decentralized network.
Proof of Resource. This concept takes following criteria into account: storage space, CPU, bandwidth and online time to reward farmers.
Maidsafe aims to create a technology which can assure that data is recoverable after suffering a total internet blackout. This offers many opportunities for critical data systems.
Data and a communications network with the following properties: robust anonymity, security, censorship resistance, self-authentication, self-encryption, economic incentives, and autonomous.
Near instant transactions
MaidSafe's technology remains to be proven, so nobody knows yet if they have indeed solved this extremely challenging problem, or what the technical performance of their solution will be.
The blockchain has so far failed in its central aim: decentralisation, because mining is now controlled by a handful of companies, and located largely within a single country: China
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