MaidSafeCoin doubles in a week, near record high

MaidSafeCoin, one of the newest Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term to rank near the top 10 in market cap, has quietly advanced during the past week.

It has doubled in value and is currently hovering near record highs, even as the majority of altcoins continue to struggle.

Trading at roughly 0.052 mBTC (equivalent to $0.032) per MAID, it has doubled in value from one week ago and has made its way into 9th place in market cap. Its valuation is $14.6 million, a stone's throw away from that of Namecoin, long a recognized name amongst major altcoins.

While its daily volumes aren't high, they are higher than most other altcoins, even those with higher valuations. Current 24h trading volume is equal to roughly $25,000.

The coin trades on Poloniex and MasterXchange, the latter being the decentralized Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term engineered by Mastercoin. If bought with mastercoins, MAIDS are designed to be issued to their buyer automatically without having to be sent from a 3rd party.

MaidSafeCoin, also branded as safecoin on its website, seeks to reward those contributing to its SAFE (Secure Access for Everyone) network, which seeks to decentralize internet services.

Internet service providers and internet companies like Google and Facebook centrally store user data on their servers. The SAFE network uses a proof of resource (POR) to cryptographically validate "farmer" resources such as storage, CPU capacity and bandwidth which serve to distribute and store data securely on farmer machines.