Thread by @2xnmore

If you haven't heard about $SAITO yet, you could be overlooking an opportunity that could transform your life.

Excitingly, we're here to provide you with one key problem being solved with #Saito networks technology.

Here is a deeper look into the @SaitoOfficial solution. 🧵↓

$Saito crypto network has come up with a solution to tackle one of the biggest issues in blockchain technology: the free-rider problem.

This problem arises when users sit back and wait for others to process transactions and add them to the blockchain, without contributing.

To combat this, Saito has introduced a groundbreaking consensus mechanism called Proof-of-Transaction (PoT).

Unlike in traditional blockchain systems where miners are rewarded with new coins, the $Saito network rewards users with transaction fees for processing transactions.

This means that every user who actively participates in processing transactions is compensated for their contribution.

Creating a stronger incentive to participate and reducing the likelihood of free-riding.

But that's not all, Saito's fee-sharing mechanism is also unique.

When a user processes a transaction, they not only earn a fee for their work, but they also pay a small fee to their direct neighbours in the network.

This encourages users to connect with other nodes and process more transactions, which means higher earnings.

Overall, the $Saito network's PoT consensus mechanism provides a fair and efficient way of distributing rewards among network participants.

It effectively addresses the free-rider problem.

$Saito is leading the charge towards a more equitable blockchain ecosystem where all users are incentivised to actively participate and contribute to the network.

Here is the $Saito manifesto for your perusal. it details a set of beliefs that the #saito community embraces.

https://twitter.com/SaitoOfficial/status/1603661268501598208?s=20

That's all folks

If you enjoyed this thread:

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$SAITO #SAITO