Given all the hype and noise swirling around crypto and decentralized network projects, which runs the full gamut from scams and stupidity, to very clever and inspired ideas, the release of yet another whitepaper does not immediately set off an attention klaxon. But this whitepaper — which details a new protocol for achieving consensus within a decentralized network — is worth paying more attention to than most.
MaidSafe, the team behind it, are also the literal opposite of fly-by-night crypto opportunists. They’ve been working on decentralized networking since long before the space became the hot, hyped thing it is now.
Their overarching mission is to engineer an entirely decentralized Internet which bakes in privacy, security and freedom of expression by design — the ‘Safe’ in their planned ‘Safe Network’ stands for ‘Secure access for everyone’ — meaning it’s encrypted, autonomous, self-organizing, self-healing. And the new consensus protocol is just another piece towards fulfilling that grand vision.
“So you need all these decentralized nodes all reaching agreement somehow on a state within the network. Consensus occurs by each of these nodes on the network voting and letting the network as a whole know what it thinks of a transaction.
“It’s almost like consensus could be considered the heart of the networks. It’s required for almost every event in the network.” We wrote about MaidSafe’s alternative, server-less Internet in 2014. Read more from techcrunch.com…
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