What is Maidsafecoin (Maid)?

Maidsafecoin (Maid) is a network built with absolute security requirements for its users.

First, Safecoin has the nature of a credit system operating on a secure network. It is also called Farmers and Builders; this name represents its nature.

Maidsafe users are required to commit to putting all their unused computer resources on a secure network if they want to use these services. For example: CPU, storage space and bandwidth. Safecoin is also built and developed as an open-source. Currently, popular applications will be built safely by users.

MaidSafeCoin serves as a token for Safecoin, a decentralized currency for the decentralized network. Safecoin will act as the currency for the SAFE network, a network with the power to process and connect users.

MaidSafe is a SAFE network development company that helps the world escape the dangers lurking in centralized data storage. Corporations will now use your data to deliver ads that are right for you. The worst-case scenario is that they will likely leak your personal data, like the mistake that Yahoo, Equifax, Target, and many other companies have made.

Decentralized network

The SAFE network hopes to combine the features of well-known decentralized networks in the past. Inspired by Napster, Freenet, BitTorrent and Bitcoin, MaidSafe was created to provide the following features:

  • Store data completely encrypted and share it
  • Ability to use anonymous networks
  • Anti-censorship
  • No server contains data
  • Became scalable crypto and free transaction

At first, MaidSafe seemed like a rather strange name. But in fact it stands for Massive Array of Internet Disk, Secure Access for Everyone.

The Maidsafecoin (Maid) team of developers is very powerful and has many interesting ideas like the farm-inspired by the way the Dropbox and Google Drive work and distribute.

The purpose of Maidsafecoin

The main purpose of Maidsafecoin (Maid) is to create a decentralized, secure internet network for all users. The way to achieve this goal is to utilize a way of optimizing the resources on the user’s computer that have not been used to perform many common tasks. These tasks are currently used by internet servers such as scp, smtp, ftp, httpd, ssh, imap, pop3 …

Information technology of MaidSafeCoin

The MaidSafe network is built on Bitcoin without relying on third parties and features such as extremely high security, fraud prevention, etc.

MaidSafe develops the SafeApp DOM API application to interact with the SAFE network. It eliminates servers and other weaknesses that enable safety, security and anonymity for all internet users.

Safecoin will be used to buy and store services on the SAFE network and the provider can be paid by farming. Application developers can also be paid for their applications. In addition, Safecoin is also data not stored on Blockchain.

Team

Executive Directors

David Irvine: Founder David has over 23 years of IT experience and 15 years of running companies. He designed one of the world’s largest private networks (Saudi Aramco, over $ 300 million). He has been involved in startups since 1995, delivering technology lectures at Google (Seattle) and the British Computer Association (Christmas Lecture) along with others.

David Irvine

Non-Executive Directors

  • David Allan: David is a qualified business lawyer with 35 years of experience in mergers, acquisitions and equity financing. On top of that, he is also a director in several technology startups.
  • Andy Laverty: Andy is a Qualified Accredited Accountant, having held positions as former interim Chief Financial Officer with Sun microsystems and Chief Financial Officer of FNZ Group, an Asset Management Software as a Service.
  • David Cosh: has 40 years of working experience at the Director level, has grown a beverage business to £ 40 million and employs 350 people.
  • Fraser Hutchison: Fraser has 26 years of service as a pilot operating in the Royal Navy. He is also the Senior Director of AA and the owner and operator of a family business.

Conclusion

The SAFE network is still very young. But it is clear that users can see the benefits they can bring if they succeed in their mission. In the future, there will certainly be a huge demand for decentralized data storage, anonymous browsing, and personal information management. We will no longer store our personal data on company or government machines so they can track all communications. The SAFE network will bring the Internet’s power to the people, and people will pay for the network with Safecoin.

You can check MAID price here.

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