Saito is delivering an open internet. You can run Saito-built blockchain applications in your browser without unopened infrastructure or closed plugins. Also, it rewards your nodes for running the equipment to keep other networks free and decentralized.
In this article, we will discuss:
What is Saito (SAITO)?
Saito is a blockchain layer-1 technology that provides a scalable, permissionless network for decentralized applications. The open network also supports in-browser crypto applications without private APIs or plugins.
Saito aims to address issues caused by centralization as well as scalability issues that are common with both Proof-of-Work (PoW) and Proof-of-Stake (PoW) blockchains. Instead of paying stakers and miners for block production, the network pays internet service providers directly, allowing for easy use of regular browsers for decentralized projects. This method helps new and existing Web3 projects run cost-effective operations instead of paying node operators like Infura.
Saito's open infrastructure provides better security for projects that want to host on a blockchain without intermediaries. One problem with employing the services of an intermediary is the apparent centralization of a supposedly decentralized product. Another problem is that projects connected to the blockchain through node operators are open to various risks if the operator becomes compromised or unavailable. For example, in 2020, Infura experienced an outage that caused Binance and other exchanges to shut down ERC-20 transactions. By connecting projects directly to the blockchain via the browser, Saito Network allows decentralized applications or other infrastructure to host their own nodes without intermediaries.
How does Saito (SAITO) work?
Saito's decentralized structure is essential for the continuous move to Web3. As one of the main principles of Web3 is decentralization, the basic framework of the platform is the critical tool that developers and various projects need to compete in the new iteration of the Internet. The following Saito features put the network at the forefront of Web3 development:
- Truly Peer-To-Peer: Saito ensures that projects and all their transactions are truly peer-to-peer. No intermediary is needed.
- Scalable Onchain Data: Saito solves scalability issues by providing easy dApp support through browsers rather than relying on a node operator.
- Browser apps: All projects will quickly integrate and operate decentralized apps directly through a browser, without the need for a plugin like MetaMask.
What makes Saito special?
In addition to the advantages that Web3 projects enjoy through Saito, the platform also offers:
- Dynamic Application Support: Saito's network provides a valuable framework for various applications, regardless of data or bandwidth requirements. Developers can build anything from games to social media apps and communication tools.
- Open infrastructure: Other networks can leverage Saito's infrastructure to solve interoperability issues.
- Web3 Blockchains: All applications built on Saito support Polkadot and many other great Web3 blockchains, with many more to come.
- Enterprise PKI Support: Saito's scalable PKI network layer addresses network security head-on. The basic layer design meets encryption and enterprise-grade requirements.
- Application Deployment: Developers can easily build and publish applications on Saito's platform. App makers can do everything from start to finish without any third-party infrastructure.
- Vibrant Community: Joining the Saito community exposes projects and developers to an active and growing community of like-minded people excited about Web3 development.
Saito has processed over 10 million transactions and averages over 30.000 transactions per day. With over 30 popular apps and modules already in the works, Saito has positioned itself as the best chance for the continued evolution of Web3.
SAITO Token
The SAITO cryptocurrency has a maximum supply of 10.000.000.000 SAITO tokens. The SAITO token is the network's native asset, a utility token that powers activities on the platform. The platform offers two types of SAITO on different networks, a variation of ERC-20 and Layer One SAITO. ERC-20 tokens are encapsulated tokens in the ERC-20 format and are available to public sale participants during procurement periods.
Wrapped SAITO asupports permissionless purchases and integration in off-chain apps. Users who own the SAITO ERC-20 also enjoy token withdrawals to any public fork of Saito. Layer-One SAITO tokens have on-chain utility and represent 75% of all minted tokens. As the network expands, SAITO holders in the chain will enjoy greater liquidity and convertibility. However, holders cannot directly convert SAITO Layer-One to SAITO ERC-20. Of the 75% allocated, the Saito Foundation retains 20%, while the strategic partners share a pool of 10%. Rewards, contributors/developers and the core Saito team each receive 15% of the SAITO token supply.
Where to buy SAITO token?
SAITO cryptocurrency can be traded on the following exchanges:
- Gate.io
- lbank
- BKEX
- PancakeSwap (V2)
Saito Price Forecast (SAITO)
Saito price is predicted to reach a maximum level of $0.0396 throughout 2022. As early as 2023 according to our crypto price prediction index, Saito (SAITO) may reach a maximum level of $0.0762, with the average price of trade of $0.0566.
In 2025 according to our crypto price prediction index, SAITO is expected to cross an average price level of $0.0918. The minimum expected value of Saito's price at the end of the current year should be $0.0848. Furthermore, SAITO can reach a maximum price level of $0.0936.
Conclusion
Just as proof-of-work (PoW) encourages mining and proof-of-stake (PoS) encourages staking, Saito encourages running open network infrastructure. It's a simple but smart solution that fixes the economic problems in all PoW and PoS class networks. This is how Saito becomes, unlike any other blockchain that exists so far.
Looking at its structure and applications; that are currently in operation; Saito is a generational shift in blockchain technology. One should definitely look into it. If you don't want to invest in it, it's worth using its apps to earn incentives in the form of tokens.
