Mainframe (MFT)

$0.000586 (-5.48%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
385 $5,520,750.00 $1,541,930.00 9,425,340,000 MFT -- -5.48% -1.85% $0.03

Exchange Pair Volume (24h) Price
Upbit MFT/KRW 410,682.00 0.7100000000
Binance MFT/USDT 222,866.00 0.0005850000
Binance MFT/ETH 68,905.00 0.0000041300
Binance MFT/BNB 40,335.00 0.0000433000
Bittrex MFT/BTC 82.99 0.0000000800
Bitsdaq MFT/BTC 82.70 0.0000000800
Bilaxy MFT/ETH 476,722.00 0.0000040500
MXC MFT/ETH 289,955.00 0.0000041400
Hotbit MFT/BTC 11,545.67 0.0000000866
Hotbit MFT/ETH 10,512.15 0.0000040856
Upbit MFT/BTC 15.52 0.0000000800
Bancor Network MFT/BNT 282.34 0.0032026836
Binance MFT/BTC 242,037.00 0.0000000800
VCC Exchange MFT/BTC 1,173.75 0.0000000800
Idex MFT/ETH 50.23 0.0000046000
Upbit Indonesia MFT/BTC 76.32 0.0000000800

Background

Mainframe aims to build the necessary infrastructure for a new internet that places a premium on private, peer-to-peer, censorship-resistant application development and information transfer. Mainframe is led by Mick Hagen, a serial entrepreneur and a Princeton computer science dropout. At a high level, the team works to deliver three primary solutions to concerns with the current internet. First, Mainframe prioritizes information security via full end-to-end and group encryption on a privacy-friendly platform, which is a perceived weakness for projects like Keybase or Signal. Mainframe also focuses on user privacy with the goal of allowing developers and customers a surveillance-free experience without exposing personal and network information. Last, Mainframe aims to build a fully distributed, peer-to-peer protocol that offers a censorship-resistant haven for users, something today's internet cannot do.

Technology

Mainframe wants to build an unstoppable communications protocol layer incentivized by native tokens atop a peer-to-peer internet protocol. Critically, peer nodes need to agree to open information packet transfer channels, and participants can track their usage via the Swarm Accounting Protocol for Service Wanted and Provided (SWAP). Nodes charge and pay fees based on the bandwidth required to transfer packets and the reputation rating of a particular node (lower ratings are offset by charging higher fees), which can be accessed through the Mainframe credit scoring API. Information packet delivery is ensured through "finger pointing", building on the reputational nature of the network.



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