MaidSafe COO Reflects on Lessons Learned from Crowdsale

Computers running MaidSafe talk to others on the network to create a large storage array.

If, for example, Dropbox wanted to provide its users with more secure storage, then it might decide to connect its service to the MaidSafe network, and it would be asked for a percentage of its revenue.

'Development pods', the network of third-party developers that MaidSafe is currently building, will also develop their own apps, bolstering the ecosystem and earning more money themselves.

Like bitcoins, safecoins are generated by the network or participants.

The more data that users retrieve from the network, the more safecoins are generated.

If, for example, someone uses less storage than they provide on the MaidSafe network, they are likely to earn more coins than they spend.

"Your wallet is incremented by the network. It will potentially be invisible. The system will entirely manage it," Lambert said.

The system can handle millions of transactions per second, and confirm them at network speed, rather than bitcoin's block chain system, which takes 10 minutes.

Unlike the bitcoin block chain, which contains a complete transaction history for the entire network, the transaction manager only knows the existing and the previous owner of a safecoin.

The company will continue testing its software, and has a succession of testnets to implement for network testing purposes before it considers the network ready for prime time.