MaidSafeCoin MAID to Namecoin NMC Exchange

Crypto Pair Details: MAID to NMC

MaidSafeCoin MAID

MaidSafeCoin serves as a token for Safecoin, a decentralized currency for a decentralized network. Safecoin will serve as the currency for the SAFE network, a network made up of the extra hard disk space, processing power, and data connectivity of its users. Think of it as the sharing economy but for your digital resources. MaidSafe is the company developing the SAFE network to save the world from the perils of centralized data storage. In the current paradigm, the best case is corporations use your data to better target you to their advertisers. The worst case is they leak your private data to the public, as Yahoo, Equifax, Target, and many other companies have already done. The SAFE network ultimately wants to “create a secure, autonomous, data-centric, peer-to-peer network as an alternative to the current server-centric model.” There will be two main users of the network: clients and farmers. The client accesses the various features of the network, such as browsing, storing data, or transferring money. The farmers store and look after your data until it’s needed, at which point they might receive a reward for their efforts. The SAFE network is an “encrypted layer that sits on top of the current internet, allowing for autonomous data storage and networking by replacing three” of the OSI networking layers. MaidSafe, a Scotland based company, started developing the SAFE network in 2006. The presale on April 22nd, 2014 sold 10% of all MaidSafeCoins. You could buy 17,000 MaidSafeCoins for 1 BTC at that time. The company allowed 30 days to try and reach their 8 million dollar fundraising goal, but they reached the target in just 5 hours. The team is currently in stage Alpha 2 on their roadmap. the future of this crypto, quite like other presently available cryptos such as BitShares, Cardano, Dent, looks bright because the concept of having a decentralized internet is a fresh one. As more and more networks—whether data networks or social media—make the shift to decentralization, MaidSafeCoin coins’ value will grow. Just keep an eye on MAID because it is all set to seriously disrupt the internet landscape for the better. The future of this crypto, quite like other presently available cryptos such as BitShares, Cardano, Dent, looks bright because the concept of having a decentralized internet is a fresh one. As more and more networks—whether data networks or social media—make the shift to decentralization, MaidSafeCoin coins’ value will grow. Just keep an eye on MAID because it is all set to seriously disrupt the internet landscape for the better.'

Namecoin NMC

Namecoin is a domain name registry service and was the first coin to fork Bitcoin. Similar to registering a .com or .io domain name, you register a .bit domain on the network. This domain is censorship-resistant and impervious to activity tracking. Governments and large corporations control traditional domain name services (DNS) servers. This control is how the Chinese government, for instance, can block websites that go against their beliefs. To prevent this level of censorship, Namecoin uses blockchain technology to distribute its DNS amongst the users on the network. A pseudo-anonymous founder by the name of “Vince” created Namecoin in 2011. Since then, Vince has disappeared, but a core development team has kept the project alive. The project has several developers listed on the official website and benefits from the contributions of numerous anonymous developers as well. Namecoin has been fully functional for a few years, now, and the development team posts updates several times a month. Namecoin was the first cryptocurrency to use Auxiliary Proof of Work (AuxPoW) for its consensus. By using AuxPow, Namecoin and Bitcoin can be mined simultaneously. In this consensus, the child blockchain depends on the proof-of-work of parent blockchain, which means If a new block is created on Bitcoin blockchain, it will also be added to the Namecoin blockchain. NameID is another technology brought by Namecoin. It serves as an open service for securely registering human-readable names in a decentralized way. NameID is a combination between Namecoin and OpenId, where users can easily convert their Namecoin Identities into OpenIDs. This makes NameID a solution to Zooko's triangle, which states that there are three desirable properties (Human-meaningful, Decentralized, and Secure) for name participants in a network protocol and any participant can only inherit two properties at a given time. Namecoin is among some earliest cryptocurrencies. During its existence in the market, it has seen a high volatility on some occasions, which can be attributed to many reasons. Namecoin has been around in the cryptocurrency market much longer than most cryptocurrencies today; however, despite this, it has not gotten much attention until recently. In 2014, it was among the top ten cryptocurrencies by market capitalisation, which is now changed due to the introduction of hundreds of new cryptocurrencies. Namecoin was abandoned by its creator which can be seen as a red flag by many. The project is currently being developed with the support from its community. The current team has been actively taking the project forward and also provides regular updates on social media channels.

SOURCE: COINGECKO

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