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Data is the currency, literally!

by David Irvine

This post clarifies the SAFE Network concept, distinguishing it from blockchain-based data storage projects.

Key Points

  • SAFE is an autonomous network that protects data without human intermediaries
  • The currency (safecoin) is literally a data type on the network, not a separate add-on
  • The network itself is the ledger (private, not public like blockchain)
  • Unlike projects that store only hashes on-chain with data “somewhere else,” SAFE stores and protects the actual data
  • Farmers get paid to store data, commercializing unused disk space globally
  • The network controls all costs, rewards, storage, access, communications and currency autonomously

    “If you are to remember one thing about SAFE, it is the network, not any humans, which protects our data.”