MaidSafeCoin is actually the interim currency being used on the alpha version of the MaidSafe network. This guide presents an in-depth but layman explanation of the MaidSafe project and whether it is a good investment.
1 Basic Definition of MaidSafe Network
MaidSafe is an acronym that stands for Massive Array of Internet Disks, Secure Access for Everyone. It is an open source network where users can create applications, store data and send or receive money in a secure and decentralized manner. The network is currently in its development stage and MaidSafeCoin will be exchanged for SafeCoins, once the SAFE network is out of alpha and beta.
The MaidSafe networkwas originally founded in 2016 by Scottish engineer David Irvine, hence it is ideologically considered to be older than Bitcoin. The platform is based on the philosophy that personal data should not be freely accessed by third parties without express permission.
The goal of the SAFE network is to provide a safe and improved internet experience free from the centralization that comes with the internet being dominated by a number of companies.
By creating decentralized internet architecture, the SAFE network hopes to eliminate the need for human involvement with private data. Eventually, the SAFE network hopes to provide its service free of charge for everyone and improve security, freedom, and privacy.