As a Web 3.0 network grant recipient, Saito runs blockchain applications directly in the browser and pays ISPs instead of miners or stakers, allowing Web 3.0 projects to self-fund infrastructure instead of passing costs to predatory monopolies. As a layer one blockchain, Saito delivers a permissionless and scalable network capable of powering decentralised versions of Twitter, Facebook, and Amazon without the need for predatory monopolies in the network layer.
Saito aims to fix the collective action problems obstructing scaling in Proof-of-Stake and Proof-of-Work blockchains by coupling a circular ledger to a consensus mechanism to incentivise the collecting and sharing of transaction fees. The resulting network pays for all activities contributing economic value to the network. In the process, Saito eliminates majoritarian among other attacks.
The economic problem is the fundamental issue affecting blockchain scaling. Saito fixes these issues, allowing to build a massively-scalable blockchain that provides scalability by making sure the payments flow to those nodes that spend money on network infrastructure. Those who check out the technical details of the Saito network will find at least seven significant innovations in blockchain technology:
These techniques have all been patent-protected.
A non-technical explanation of Web 3.0 is that Saito pays a percentage of each dollar collected to the nodes. It means that route the transaction fees into the network this system after collecting transaction fees from users. The mechanism that accomplishes this is powerful. As a result, for any activities that generate transaction flow, this system subsidies them, whether by developing lite-blocks for browser applications, serving archived transactions to users, or even running infrastructure for partner networks like Polkadot.
By providing the infrastructure, anyone can earn income by setting up a node on any blockchain. It leads us to the Web 3.0 Foundation. Saito is designed to service users, and in comparison to the smart contracts, the applications running on the network are more powerful.
On the Saito Arcade, the family-friendly board games may make for a fun way to spend Sunday afternoon, but advanced cryptographic techniques are used to shuffle decks, deal cards and roll dice. At first glance, the applications may feel like Facebook games, but they are sophisticated programs with few restrictions on what they can do. That is why integrating with back-end protocols like Polkadot, and its parachains is essential.
The above process in the Web 3.0 space is more than simply connecting Saito-powered chess games with Polkadot and NFT operators: The result enables developers to build almost any kind of blockchain application they want. The identical tools that can power a Parcheesi game can create almost any other type of on-chain application without needing monopolistic network providers like Infura wrapping their claws around a secure network layer.
SAITO is the native token of Saito Network. If you have invested in Saito, the essential factor you should focus on is Return On Investment (ROI). SAITO's ROI is reported to be 449% over the last month, much below its similar projects, which are reported at 3,043%. Moreover, it underperformed compared to the market's top 1500 cryptocurrency projects in terms of ROI.
When analysing a project financially, gaining public attention is a critical factor to consider. Data provided on Cryptologi.st show that SAITO's popularity has grown over the last five months on the number of its Twitter followers. Its Twitter account saw an increase of 4% during the time frame, which is not significant growth. Saito’s Telegram and Reddit accounts saw a decrease in popularity, with -13% and 0%, respectively.
SAITO is currently ranked #583 among all the market's cryptocurrency projects, with an approximately $74 million market cap when writing this post on 11/8/2021. Saito's market cap rank skyrocketed since the final week of October, and its market cap rank is almost half of its rank in the first week of October, reaching from #1100 to #583.
SAITO's price followed a moderated version of its market cap trend, starting at $0.01025 in October 2021 and reaching the peak of $0.055 at the time of writing this post. Also, SAITO's liquidity score is 26% below the market's average score, making it a difficult sale in bear markets.
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