MaidSafe is a fully decentralized platform on which application developers can build decentralized applications. The network is made up by individual users who contribute storage, computing power and bandwidth to form a world-wide autonomous system.
Safecoin can only reside within the SAFE network and will be stored in a users wallet and used in exchange for network services; such as increased storage space and access to network applications. There is no set distribution time for safecoins. Unlike many currencies, the distribution of safecoin is backed by information and the amount of coins generated by the SAFE network is directly related to the amount of resource provided to it.
The SAFE (Secure Access for Everyone) network can be best described as a fully distributed data management service. This network manages static and dynamic data as well as communications. Importantly the data held is either :
– Encrypted by clients
– Cryptographically signed by clients
In either case the network cannot decrypt any of the data on the network. This can be thought of as a decentralized server that performs the tasks of today’s httpd, ssh, scp, ftp, smtp, pop3, imap etc. servers.