Thread by @Acooomulate

Intelligent investors inc. whales are buying up $Saito. Why? The design pays user facing nodes out of an open consensus mechanism, thus scales naturally & incentivises processing of huge amounts of data, so can be used to build decentralised versions of v. data heavy services 👉🏾

Saito’s design corrects the collective problems inherent in POW & POS mechanisms, so that profit-seeking actors compete to bring $ into the network, permitting scalability to the point that underlying hardware rather than economic constraints impose limits on blockchain growth 👉🏾

The fundamental problems affecting blockchain scaling are economic. Saito fixes these issues, allowing the team to build a massively scalable blockchain which achieves scalability by ensuring that payments flow to the nodes that spend money on network infrastructure 👉🏾

Those who pour over the technical details of the Saito network will find embedded in it SEVEN major innovations in blockchain technology, namely:

1. automatic transaction rebroadcasting, 2. the burn fee, 3. the golden ticket system, 4. paysplit & powsplit, 👉🏾

5. N-block golden tickets, 6. a secure multi- party voting mechanism, & 7. the chain of cryptographic signatures that permits the Saito blockchain to identify and reward productive nodes in the routing network. Patent protection has been secured on these seven techniques.

2022 will be a great yr. for Saito. Narratives around #WEB3, #Layer1, the cont. slow death and/or failure of Eth, #Metaverse & #blockchain gaming, decentralised social media (think YouTube but 100 times faster w/no central node of control), astroturfable data exchange/storage, 👉🏾

/cont… authentication & monetisation applications, distributed key registries that are secure from MITM attacks, payment channels, & more. Saito can be understood as a solution for inducing a free market to deliver a public good. 2022 will be a VERY good year fellow Saitozens 🟥

Happy new year. $saito #saito #blockchain #Layer1 #WEB3 #Metaverse #DeSo