Mainframe (MFT)

$0.000993 (-7.74%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
308 $8,805,030.00 $1,743,650.00 8,867,340,000 MFT 138 -7.74% -10.29% $0.08

Exchange Pair Volume (24h) Price
Binance MFT/USDT 132,664.00 0.0009520000
Upbit MFT/KRW 77,331.00 1.2200000000
Binance MFT/ETH 64,397.00 0.0000065900
Binance MFT/BTC 527,391.00 0.0000001400
Binance MFT/BNB 22,906.00 0.0000653000
Bittrex MFT/BTC 2,287.80 0.0000001400
Bitsdaq MFT/BTC 2,287.80 0.0000001400
Bilaxy MFT/ETH 823,046.00 0.0000066500
MXC MFT/ETH 58,677.00 0.0000067600
Hotbit MFT/BTC 16,444.57 0.0000001389
Hotbit MFT/ETH 14,306.34 0.0000067340
Bancor Network MFT/BNT 2,677.82 0.0039350599
Upbit MFT/BTC 15.55 0.0000001500
Upbit Indonesia MFT/BTC 2,341.87 0.0000001500
Uniswap MFT/ETH 3.83 0.0000069407

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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