Why is a public chain like Saito indispensable for the deployment of Web 3.0?

The Saito network is fully decentralized and can also fund nodes in Saito and other public chains that provide routing and user infrastructure. SAITO is currently live on the Gate.io exchange and opens for trading at 12:00 noon today.

Why is a public chain like Saito indispensable for the deployment of Web 3.0?

Here are Richard Parris’ answers in the face of live questions.

Question 1: Has Web 3.0 been proposed to date with any practical applications?

The Saito network actually uses our own “canary network” to chat and post messages. (Saito is by far the best and most useful tool I have ever used for posting encrypted messages, sharing secret data such as private keys, etc.).

So, Saito (and other projects) have built practical Web3 applications. The biggest problem with the wider adoption of Bitcoin is “if I have a bank, why do I need Bitcoin”.

This will provide a way for Web3 to solve problems that cannot be solved on Web2.

Question 2: What is the progress of Saito’s Web 3.0 layout?

You can visit the official website, saito.io, to participate in the experience of Web3 at the moment.

Satio’s website, especially the official store (saito.io/arcade), allows for the “showcase” of applications, where hundreds of users make thousands of transactions every day.

Satio has built a variety of software and applications on the Web to demonstrate how Web3 works.

These include chat, forums, games, logistics systems, advertising platforms, app stores, and more, all of which are peer-to-peer and decentralized.

Question 3: What is the current focus of Saito’s development?

We’re always working on improving the experience in this area and learning more about how Web3 is built and what it can do to engage users. At the same time, we are investing a lot of resources to fully re-implement the Rust language version of the protocol.

This “heavyweight” release is planned to be a “data center ready” that can handle everything in the world that can be deployed on the main web. Keep an eye out for the upcoming base tests, I think Satio will surprise everyone.

Finally, as you may have noticed, the Saito protocol network has been running steadily on the test network for two years. For everyone, the main network is as much about the program software as it is about having a vibrant and thriving community of nodes operating.

Question 4: How will Saito be affected by the start of the auction of the PoC parallel chain?

Saito is able to do this because it is a very different kind of chain – it is more like a network than a traditional “data store” chain, and we will not be bidding on parallel chains.

Our value for the Polkadot project is to provide a simple way to build large infrastructures to serve users without introducing the old Web 2.0 model.

We have been working on Web3 since the early stages of Bitcoin, and we are proud to contribute to the open game engine community. We want to continue to share with the community in this way and grow together.

We want Saito to be part of the Web 3 ecosystem in the same way that Infura is part of the ETH ecosystem – as a partner and participant, not as a corporate service provider.

Question 5: How are SAITO tokens generated and do they need to be mined?

The total 10 billion Saito tokens will not change and will be injected into the network through network incentives. One of the main ones is a replay fee for network holdings. saito transactions are subject to payment and these processing payments will be given to the network operator to do the network operations.

And, there will be associated tools for enhancement. Token incentive rewards will be given to program developers and other participants who build on Saito, details of which will be released in the coming months.

Question 6: Will Saito’s gold voucher reward model discourage nodes and how many nodes are currently running on Saito?

People who build PoS or PoW systems have been very surprised and surprised by both the Golden Ticket system and the Saito consensus.

Because the Saito network is so efficient, the Saito system allocates user fees directly back to the network, rather than paying stakeholders as in PoS, or paying for GAS as in PoW.

Defi has demonstrated some of the limitations of PoW and PoS designs, and it is now also clear that Ether’s sharding technology and Layer2 do not fundamentally reduce these high and redundant GAS fees. In the long run, users and developers alike will choose the most cost effective system.

Question 7: How is the community building for Saito and what are the next plans?

After going through IDO and going live with open trading, Saito is currently gaining a great deal of attention from the market and Saito is constantly improving as a result. In addition to that, we have been building a community on our website, Saito.io, for two years now. And, to accelerate the growth in these areas, we have added community leaders and team members.

We will continue to put out insightful content and also do more to build the community. In addition, we will be adding ambassador programs to make participation more fun.

Question 8: After saito goes live on gate, what is the next step in the plan?

It’s great to have the CEX endorsement of a big brand, it makes it easier for many people to recognize and use SAITO.

We will be looking to add more CEX exchanges in more locations.

As mentioned earlier, we will also try to expand the community and accelerate our growth path.

Our other main activities will be recruiting developers and expanding partners.

Building applications on Saito (including bridges and other tools) will generate revenue for the entire ecosystem and provide the incentive for node providers to contribute hardware. From there, we will see real growth!

Question 9: Finally, can you predict the timing of the Web 3.0 explosion?

A whisper then a shout, a drip then a flood.

A whisper then a shout, a drip then a flood.

The timing is hard to predict because the growth will be organic and exponential. It doesn’t seem like much has changed so far, but one day we’ll look back and see how much has changed!

But there will be some key milestones, some of which have already happened.

Defi is one of them. Defi is like the primary Web 3 because the infrastructure required for financial transactions is relatively small and modest. That’s why they’re in first place.

I don’t think we can predict the timing, but we can list the important factors that must be in place for this move.

  1. Public PKI infrastructure

Tools that allow users to easily manage their password identities in an “application” type interface

Affordable for large-scale use

Universal broadcast (i.e., anyone in the network can send messages to anyone else in the network without centralization)

  1. Payment without authorization
  2. A business model for application developers that does not involve traditional vc and ad funding models.

When we have these three things, Web3 will happen before we really experience it.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/why-is-a-public-chain-like-saito-indispensable-for-the-deployment-of-web-3-0/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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