Is MaidSafe Really the Bitcoin of Data

Nice piece Mike and Melissa!


“It utilizes a block chain-like technology to distribute file storage and services around the globe which means no one person or corporation has an intact copy of a user’s file, just like how Bitcoin’s blockchain works.”

That’s not how Bitcoin’s blockchain works though. There’s also the ‘500 developers’ mistake in the article. Other than that I think it explains it fairly well.

One benefit of MaidSafe that I think should be highlighted more in the press is the scalability of SafeCoin compared to blockchain cryptocurrencies. It can handle far more transactions and doesn’t suffer from blockchain bloating, and in addition there are no transaction costs.