What Is MaidSafe Coin?

(MAID)is a product of the MaidSafe company that aims to revolutionize the way people store their data. The company stores its data in a distributed manner across the blockchain, utilising the extra storage space and computing time provided by its user. The SAFE (Safe Access for Everyone) network is a new decentralised system of storage made up of shared resources from the multiple users of the system. Thus, creating a huge decentralised network.SafeCoins are distributed across the network based on a Proof-of-Resource algorithm. A ‘Farmer’ in the network is a person who provides their bandwidth, computing time, storage and runtime to the network. Data is stored in a Farmer’s Vault and yet, cannot be accessed by them. They receive Safecoins in return whenever the data is retrieved from their Vault.MaidSafe has been developed a number of algorithms to Secure Autonomous Network, adding an autonomous layer that would make the network more decentralised, enabling the users to run routing nodes and providing a secure transition in the data process.