What is Saito Network? Learn about the Saito project in detail

• Overview of the Saito Network project
• What is Saito Network?
• The special feature of the mechanism of Saito Network
• Overview of Tokenomics
• Reviews and conclusions

Overview of the Saito Network project

What is Saito Network?

Initially, Saito Network is a blockchain that supports Web3 development with new mechanisms, providing scalability for developers and many economic benefits for users.

Unlike traditional blockchains, Saito provides the infrastructure to run applications in a peer-to-peer (p2p) fashion, eliminating reliance on centralized liquidity providers. 

At the same time, the technology allows for easier restoration of the network topology, making the ecosystem more decentralized, and increasing security without compromising scalability. It was this factor that helped Saito Network break Vitalik Buterin's impossible trio.

This makes Saito Network completely different from other Layer 1 blockchain projects, and is also an attraction for users and developers.

The special feature of the mechanism of Saito Network

Saito consensus mechanism

The Saito consensus mechanism will incentivize participating nodes to contribute more as the rewards to which nodes on the blockchain provide better access or services to the network, increase.

Mechanisms of other projects compared to Saito

Saito's technology makes it possible for applications on Saito to launch directly on the user's device. At the same time, data can interact directly with Saito Network, instead of having to go through centralized servers, thereby enhancing the network's decentralization.

Each node operates independently on its own infrastructure, so Saito can pay out rewards equitably based on the efficiency of each node and each activity on the blockchain. 

Saito rewards all activities involved in the work of supporting security and blockchain thanks to the “Routing Network” mechanism. This is completely different from the PoW and PoS consensus mechanism.

Mechanism "Routing Network"

The “Routing Network” mechanism distributes the workload across multiple nodes in a descending manner. That is, the first node takes twice as much work as the next node and so on until the last node. The reward levels are also paid in proportion to the workload. This mechanism increases the reward according to the workload which will incentivize the nodes to compete in order with each other.

The Routing Network mechanism helps Saito avoid hacker attacks because when the workload and rewards are distributed widely and gradually divided across nodes, it helps to minimize the node's influence on the blockchain. 

Over time, the workload will be concentrated on new nodes and the influence of each node will also gradually decrease, preventing large nodes from "collusion" with each other to dominate the management of the for-profit blockchain. individual.

In the long run, Saito's security level will be increased in proportion to the operation of this blockchain and more and more transactions being exchanged. With Routing Network and Saito consensus mechanism, it will help to scale blockchain, improve security and add decentralization.  

Support Dapp development on website and Saito Arcade

Users can access the Dapp directly from their browser, and developers can develop projects directly on the Saito blockchain (on-chain), eliminating the need to run nodes, reducing costs and time for developers. both users and project developers.

The growth of Saito Arcade is also a new element in reaching the user base of gamers and game developers. Saito Arcade is an open source game engine that acts as a peer-to-peer blockchain application.

Nintendo 64 emulator on Saito Arcade website

Games can be launched directly in the browser by sending and receiving game moves using the P2P protocol. This allows players to simply interact with each other without having to store data through an intermediary server. This gives players a truly decentralized Web 3 experience.

Overview of Tokenomics

Saito Network's SAITO token is issued with 2 versions: ERC-20 token and on-chain token. Details of the SAITO token are as follows:

• Maximum supply: 10 billion SAITO
• Current total supply: 3 billion SAITO
• Circulating Supply: 1 billion SAITO
• Market capitalization: $18.2 million

SAITO tokens are allocated as follows:

Saito distributes SAITO tokens to the following target group: 

• Foundation: 20%
• Core Team: 15%
• Contributors/Devs: 15%
• Strategic: 10% 
• Ward rewards users who make transactions on Blockchain (15%).
• Seed Round: 10.3%
  Private Round: 13.7%
• Public Sale: 1%

Reviews and conclusions

From an investor's perspective, the Saito project has many very good mechanisms in theory, but they are all at the experimental level and have not been applied much in practice. Projects built on the Saito network are still in the early stages of development. Therefore, it will still take a lot of time for the Saito Network ecosystem to develop and have all the basic pieces of the ecosystem.

The price of the SAITO token is currently nearing a bottom, hovering around $0.017. Although the market is in a difficult period, Saito still has many plans for growth and innovation. However, the information about Saito's backer and development team is still a mystery. Therefore, readers need to research and monitor more about Saito's upcoming improvements before making an investment decision.

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