Saito

Saito is a layer-one blockchain. The network is noteworthy for being more secure than Bitcoin while making payments not just to miners and stakers but also the nodes in the network that offer data-services to users in the network.

Whitepaper

Onepager

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Interest lvl

High

Updated: Jul 16, 2021

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User Rating

High

3.7/5 • 7 votes

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Ticker

SAITO

Type

Utility-token

Registration year2018

Launchpads

Gate.io Startup

What is Saito

Saito is a Web3 Foundation grant recipient that runs blockchain applications directly in your browser. The network pays ISPs instead of miners or stakers, allowing Web3 projects to self-fund infrastructure instead of passing costs to predatory monopolies like Infura.

Saito fixes the collective action problems that impede scaling in proof-of-work and proof-ofstake blockchains by coupling a circular ledger to a consensus mechanism that incentivizes the collection and sharing of transaction fees. The resulting network pays not just for mining and staking, but for all activities that contribute economic value to the network. In the process Saito fully eliminates majoritarian among other attacks.