Saito is a new type of layer-1 blockchain that powers web 3.0 applications
Saito Consensus maintains openness even at a massive scale, so developers can build great web 3.0 apps for everyone.
Apps on Saito run peer to peer.
The chain provides distributed infrastructure that removes the reliance on centralized providers. Developers can use Saito to distribute and run their apps while users keep full control of their data.
How Saito works
Saito Consensus and Saito Nodes
Saito Consensus Mechanism
On the surface, Saito Consensus pays nodes in the p2p network for serving users in addition to paying for the security layer. The more a node does for users, the more it gets paid.
Nodes can route traffic and support apps. This is important because successful apps attract users, and more users also leads to more routing and more transactions. With Saito Consensus the closer the routing node is to the user in the transaction’s path to the block, the more the node gets paid.
What about mining and staking?
In all the cases where traffic was routed but the miners did not solve the hash solution, the reward fees are locked up within the network and distributed via staking mechanism. This in turn prevents rampant deflation while also maintaining better economic stability.
Mining Supports the Consensus Mechanism
In Saito, miners compete to produce rare solutions to hash problems, this creates randomness that ensures payments to routing nodes are secure and fair. When a solution is solved, payment is split 50/50 with the nodes routing the transaction.
The SAITO token
SAITO token is the utility token of the network. All network node payments and transactions use the SAITO token.
Get involved with Saito
Builds apps that scale
Developers can code engaging apps in their favorite language, there’s no struggling with Solidity or other blockchain languages. Developing, deploying and running applications is faster, easier and cheaper.