1. Saito is a very new (May 2021) layer one blockchain built for Web 3.0 i.e. the decentralised Internet inc. large dapps e.g. gaming projects…
2. The Saito blockchain is 1 x petabyte (1PTB) in size, making it the largest of all blockchains, hence it will have the ability to store and process huge amounts of information and transactions…
3. One petabyte of data is equivalent to 1,000 terabytes or 1,000,000 gigs of data storage. To put this into perspective, an average 4k movie is 100GB. This would mean 1 PTB of storage could hold 11,000 4k movies…
4. As a result, Saito is perfect for high throughput applications, which require global scalability and massive amounts of storage, like the Metaverse, for example…
5. Saito's online player v player (PVP) gaming platform is currently being tested in beta to stress test the chain, and the Mainnet is coming soon in December (aka: RUST). This will enable us all to see the speed of transactions and the costs involved…
6. Should the Mainnet demonstrate successfully that Saito can compete with ETH, SOL and other big players/established L1's in terms of speed, cost, scalability, security, decentralisation, etc.,
7. …Plus their unique financial model works (which rewards nodes on the network financially to keep the chain safe and running, + monetises scalability (all this differs from the miners and stakers mechanism currently employed by existing/leading L1s)…
8. Then expect a huge payday for Saito holders. To rival Ethereum would be a 40,000-50,000 X but my own mid term targets inc. double and triple digit token valuations, although $50-$100 by the next cycle has a nice ring to it imo!
9. The Saito project is backed by some huge Chinese VC funds inc. Genesis Block Ventures and also Spark Capital, so…
10. All 👀 on $Saito people and fasten your seat belts, this exciting L1 infrastructure project / future giant of blockchain is just getting started!
1. Yesterday I was contacted by my man Maximus (@wind_1919) asking for opinion re: some $Saito FUD posted on 4Chan…
2. I replied, explaining that Blockchain 2.0 (i.e. $Saito) is just getting started, I also pointed out that it's backed by some v. serious VC's inc. NGC (Neo’s investment arm), GBV, Spark Capital & also Gate.io.
3. Any fundamental weakness in the Saito model imo would’ve been picked up and identified by these big brain investors.