MaidSafeCoin $EMAID

MaidSafeCoin is the digital token for Safecoin, a decentralized currency that powers a similarly decentralized network. The SAFE network, developed by MaidSafe, leverages the surplus hard disk space, processing power, and data connectivity of its users, creating a sharing economy for digital resources. The goal of the SAFE network is to provide a secure, autonomous, data-centric, peer-to-peer alternative to the current server-centric model. MaidSafe, a Scotland-based company, has been developing the SAFE network since 2006 to combat the issues associated with centralized data storage.

The SAFE Network Explained

The SAFE network operates as an encrypted layer on top of the current internet, replacing three of the OSI networking layers for autonomous data storage and networking. The network primarily serves two types of users: clients and farmers. While clients use the network for various functions such as browsing, storing data, or transferring money, farmers are responsible for storing and maintaining this data until its retrieval, possibly earning rewards in the process.

MaidSafeCoin's Inception and Progress

MaidSafe launched a presale of MaidSafeCoins on April 22, 2014, selling 10% of all tokens. At that time, 1 BTC could purchase 17,000 MaidSafeCoins. The company set a 30-day period to reach their $8 million fundraising goal, yet they surpassed this target in just 5 hours. Currently, the team is at the Alpha 2 stage on their roadmap.

The Future of MaidSafeCoin

The potential of MaidSafeCoin, much like other existing cryptos such as BitShares, Cardano, and Dent, is promising. The concept of a decentralized internet is an innovative one, and as more networks, data or social media-oriented, transition to a decentralized model, the value of MaidSafeCoin is expected to rise. Hence, MAID is a project to watch closely, as it is poised to profoundly transform the internet landscape for the better.