MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising

By September 5, 2016Bitcoin Business

MaidSafe’s funding on BnkToTheFuture begins on 12th September and runs for 30 days. MaidSafe is fundraising on BnkToTheFuture (MaidSafe) We have noticed you are using an ad blocker To continue providing news and award winning journalism, we rely on advertising revenue. To continue reading, please turn off your ad blocker or whitelist us . Out of the billion or so desktops and PCs currently hooked up to the internet, an estimated 50 gigabytes of unused storage is languishing on each of those machines. That’s about 250,000 petabytes of unused storage space. To put that into context, Google is thought to store about 8000 petabytes. This enormous untapped resource far eclipses anything in any company that exists today. However, almost all our personal data is centrally stored today, controlled by large companies, many of whom choose to sell it on at a profit, or on request provide it to governments without our knowledge. Not only is this unpalatable to most people, it’s inherently insecure; an entire industry exists dealing in stolen credit card details, passwords and the like. MaidSafe is leveraging unused computing capacity to rebuild the internet in a secure, decentralised manner: what it calls the SAFE Network (Secure Access For Everyone). Network users are incentivised to share their unused storage space by being rewarded with safecoins, MaidSafe’s native currency. Thanks to its focus on decentralisation, MaidSafe is often categorised within the blockchain space, when in fact the company was established in 2006 and predates the intense interest in distributed ledger technology which has come about since Bitcoin went mainstream around 2013. Riding this wave of interest to some extent, MaidSafe is announcing an equity fund raising on Simon Dixon’s BnkToTheFuture platform . BnkToTheFuture provides qualifying investors with protected investment vehicles that provide due diligence and exposure to cutting […]

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