Apr 19, 2021
Game on with Saito
Open network layer lets you run blockchain apps right in your browser
Are you feeling lucky? Saito is a next-generation tier 1 blockchain, and Web3 Foundation grant recipient. Taking a novel approach to long-term incentive alignment challenges in the crypto world, the network pays ISPs instead of miners or stakers, making it easy to create games or any other blockchain-driven applications with ease.
Gearing up for public token sale launch on April 22 (ignore any scams and fakes you might spot outside the official offering), the team is committed to decentralizing the ownership and distribution of user-facing infrastructure, for its own network and other public blockchains.
The secret sauce lies in the innovative funding model, which fixes the long-term scalability problems of blockchain growth — that is, paying for it. Both proof-of-work and proof-of-stake networks have run into this fundamental limitation, when blockchain bloat and lack of infrastructure investment throttles the network speed as bandwidth increases. Neither problem is obvious at first, but they grow incapacitating as storage needs grow — a “tragedy of the commons” problem manifesting where users expect someone else to take care of the shared costs, while their individual contributions simply do not reflect the true cost of their transaction to the network.
Pay to play, the fairer way
But there are no free riders on the Saito train. In the network consensus, nodes compete to source transactions which pay fees to use the network, so they’re paid for the routing of fee-bearing data — in a transparent and egalitarian way. It’s like everyone’s a card-carrying worker, earning their income according to effort, instead of being a landlord getting fat off existing capital through staking rewards. Paying fairly for the unsexy data services makes for a win-win, where users reap what they sow and everyone gets what they deserve.
This is a big difference from most blockchains, which hard-code upfront what activities will get rewarded. Saito lets the users signal what services provide value through fee-pricing, while the network itself infers who deserves payment from their data interactions. This is not just efficient, it’s scalable, self-sustaining, and independent — truly decentralized, however far and fast it grows.
Trim that chain!
Also, by streamlining older blocks at predictable intervals through strategic pruning, Saito eliminates much of the on-chain bloat before it happens anyway, and means the network itself can calculate and manage costs of online storage — for as long as you need or want. Saito uses a technique called automatic transaction rebroadcasting, which requires old transactions to compete with new ones for space on the blockchain. So in a free market equilibrium that finds its own equilibrium, block producers find it most profitable to ensure the same amount of data is deleted from the chain as is added each block.
Real-world persistence of data needs vary sharply by use case anyway, and that’s the point of the pruning by scheduled epochs. A lot of the applications built on the early Saito network are games, in which you need accurate, complete, and fast data during the session in play, but need only store a final outcome for the longer term.
The data is safe regardless from typical POS vulnerabilities like 51% attacks, because of a crucial ‘golden ticket’ cryptographic lottery, which means in practice that a bad actor would have to spend more on mounting the attack than they could ever gain by producing a new block. They’d bleed more than they could hope to win.
A win-win that scales
This elegant bit of math exemplifies the smart and gamified thinking behind Saito, but in addition to games, the network powers communication tools, social media apps and other data and bandwidth-intensive applications. The open infrastructure and app store lets developers build and deploy their projects without the need to run any infrastructure, and there’s a comprehensive Web3 toolkit for devs, documenting everything from QR-generation and scanning to ZKP-based gaming functions, with full Polkadot support too.
Speaking of scaling, the small team is growing, and seeking new full-stack developers to improve the software stack and apps. They’re transparently committed to improving their codebase, as well as the caliber of the applications running on it — because growth is not just a theory in a whitepaper for Saito.
Instead, the solution represents a genuinely refreshing possibility for real decentralization at scale. The future of blockchain is not Infura or Coinbase, and the heft of institutional investors! Leveling the playing field means growing without stifling in regulation, big blocks and high fees.
So check out Saito before everyone else wakes up to this…
Website: https://saito.io/
Telegram chat: https://t.me/SaitoIO
Telegram Announcements: https://t.me/SaitoIOann
Twitter: https://twitter.com/SaitoOfficial
Live Demo: https://saito.io/arcade/
Medium: https://saitoofficial.medium.com/
