PARSEC, or Protocol for Asynchronous, Reliable, Secure and Efficient Consensus was released today. MaidSafe has been developing this autonomous asynchronous network for over 10 years.
The SAFEcoin consensus works as it allows users to store a data identifier on a blockchain until confirmation. Users have to agree on which transaction has taken place on the network and in which order. The great thing about this network is that it is mathematically guaranteed that all users will have consensus(agree on the transaction) at the same time. This is a really good feature and it took quite some time to solve this problem.
Another great feature is that humans are not setting the prices for network fees. The network continually sets the lowest possible prices under current market conditions based on users and resources.
Find Out More About The Safe Network https://www.maidsafe.net/
There's no doubt that it has had it's impact on MaidSafeCoin over the last week. Maid has had some roller coaster volatility and a bull uptrend allowing traders the opportunity to get in and out for good short term gains.
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Image and Article: https://medium.com/safenetwork/parsec-a-paradigm-shift-for-asynchronous-and-permissionless-consensus-e312d721f9d8
