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Basic SafeCoin Info[ ]


What Is MAIDSAFECoin?[ ]

MaidSafeCoin is a placeholder coin to allow project funding prior to launch. When the SAFE Network launches, it will include SAFECOIN as the transaction token used to compensate farmers for storing data. At launch, MaidSafeCoin holders will exchange their coin, at a rate of 1 SAFECOIN for every MaidSafeCoin.

SAFE Network[ ]

SAFE stands for "Secure Access for Everyone". The SAFE Network is an encrypted P2P data network that is most notable for being completely autonomous. At launch, the SAFE Network will run autonomously with no human administration being required or possible. This allows the SAFE Network and all files and data stored on it to be immune to censorship of any kind. Files are encrypted, split into 1MB chunks, and distributed to vaults worldwide. Reading a file involves reassembling these encrypted chunks which flow to the receiving client through several intermediate nodes, thus scrubbing IP address information, protecting the address of both the vault where a given encrypted piece of the file was sourced from, as well as the address of the client reading the file.

A noteable aspect of the SAFE Network is that it is not blockchain based, and so is one of the only crypto related projects that does not depend on a blockchain for security, opting instead for close group consensus. This approach allows scalability not possible in blockchains, as well as provides a method to store the actual files and data in the secure network, rather than just blockchain hashes that point to non-secured data stored elsewhere.

SAFE Network was invented by David Irvine of Troon Scotland. Development is led by MaidSafe Ltd., but as an open source project, contributions to the project are welcome from anybody. The MaidSafe team has converted the codebase entirely to the Rust language to take advantage of the inherent robustness of Rust.

Intellectual Property[ ]

Several defensive patents of some of the core algorithms have been awarded to Mr. Irvine. These are not used to inhibit competition, but only to keep others from attempting to hinder the project.

David Irvine is the inventor of the patents, with all patents owned by the MaidSafe Foundation, a charitable not-for-profit organization set up to foster education and innovation.

MaidSafe has released all its code (which the patents cover) under the open-source General Public License (GPL), version 3 code, which they openly encourage anyone and everyone to fork. This license contains a clause, number 11, that covers patents. Part of this clause states:

“Each contributor grants you a non-exclusive, worldwide, royalty-free patent license under the contributor's essential patent claims, to make, use, sell, offer for sale, import and otherwise run, modify and propagate the contents of its contributor version.”

This clause stops the MaidSafe Foundation from legally challenging and enforcing a patent against a person or company using the SAFE Network.

Convert MAID to USD EUR GBP and Fiat[ ]

Easily Calculate or Convert MAID to US Dollars(USD), Euro(EURO) or Great Britain(GBP) Pounds and other World currencies below.

Our Crypto Converter makes this as easy as a breeze.