Maidsafe Cryptocurrency :- A Brand New Internet

Been in market form 2006 (a decade old company) with the smartest developers has a Goal to Implement the SAFE (Secure Access For Everyone) network - a next generation decentralized and secure network.

Why was Maidsafe Developed?

Instead of using data centres and servers in today's internet which are likely to suffer from data theft and surveillance, The SAFE network uses peer to peer technology that joins together the scattered computing power of all safe users, creating a Global network.You can think of SAFE as a crowd sourced internet (Obtained by large number of internet users). It is on this network that everyone’s data and applications reside. As SAFE Alpha is released the maidsafe website quotes "All you need to join this network is to download the free SAFE software, create your account and tell the network how much space you are going to provide. It’s that simple!"

Maidsafe is different from other cryptocurrency as it does't use blockchain Technology. Maid safe uses Close group consensus comprises utilising a small group, a fraction of the network size, to state a position for the whole network. This removes the need for the network to communicate with all nodes. Maidsafe can be compared with Golem and storji but maidsafe is trying to build a brand new internet.We can say that golem and storji are trying to make a single module of internet but maidsafe is planning t build a brand new internet.

How it works?

1. You create an account without the need to identify yourself and decide how much space you want to dedicate to the network as the space is used safecoins are given as reward. Safe coin has a market value and can be freely treated just like Bitcoin .
2. When you upload a file it is divided into small pieces and spread at random throughout the network data is stored with redundancy and files are autonomously moved by the network as connected computers are turned on and off.
3. Only you have the credentials to make it available again so your data belongs only to you even though it is spread over the network.

Safe Coin is like heart of the SAFE network can be analogous as Oil of the mechanical engine. Safe coin also has a brand new algorithm called PROOF OF RESOURCE. Proof of resource uses the miners cpu and regulates the Maidsafe Network. By providing your unused computing resources to SAFE you will be paid in a safecoin.