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Hifi Finance (MFT)
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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.
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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