Mainframe (MFT)

$0.00099 (-11.8%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
270 $8,526,270.00 $174,331.00 8,611,710,000 MFT 47 -11.8% -3.79% $0.12

Exchange Pair Volume (24h) Price
Binance MFT/ETH 32,896.00 0.0000052700
Binance MFT/BNB 10,887.61 0.0000361000
Binance MFT/BTC 26,160.00 0.0000001000
Bittrex MFT/BTC 304.89 0.0000000900
Upbit MFT/KRW 59,745.00 1.1900000000
MXC MFT/ETH 47,267.00 0.0000053000
Hotbit MFT/ETH 21,387.00 0.0000052623
Hotbit MFT/BTC 21,184.00 0.0000000972
Bilaxy MFT/ETH 1,482.60 0.0000052200
Upbit MFT/BTC 304.87 0.0000000900
OmniTrade MFT/BTC 39.27 0.0000001000
OmniTrade MFT/ETH 37.72 0.0000053100
Bitsdaq MFT/BTC 304.89 0.0000000900
Coinplace MFT/BTC 399.19 0.0000011000
Idex MFT/ETH 0.00 0.0000051463
Bancor Network MFT/BNT 0.00 0.0026148443
Uniswap MFT/ETH 0.00 0.0000052910

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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