Cryptocurrencies are digital or virtual currencies that rely on cryptography technologies to function. They make it possible to make safe online payments without the involvement of third-party intermediaries. The term "crypto" refers to the encryption methods and cryptographic techniques used to protect these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions.
Blockchain technology is key to the attractiveness and functionality of Bitcoin and other cryptocurrencies. A blockchain, as the name implies, is essentially a collection of linked blocks of information on an online ledger. Each block comprises a series of transactions that have been confirmed separately by each validator on a network.
What is the relationship between SAFE, Blockchain, and cryptocurrency?
Background and Importance of the Project The history and relevance of the SAFE network security project are discussed in three parts: application and asset security, asset issuance convenience, and privacy protection.
Brife History of SAFE
The SAFE network Space token DNC (known to as SAFE network) was published in October 2014, making it China’s first digital currency focusing on personal privacy protection. The SAFE network team upgraded the SAFE network 1 to the SAFE network 2 (Anwang 2) in July 2017, and DNC to DNC2. DNC2 uses less memory than DNC and is more secure and efficient. Currency deposit and financial administration, private communication (individuals and groups), direct wallet mining, remote transaction release, and so on are the main characteristics.
A. Strong privacy protection: such as TOR network support, ring signature, stealth address, transaction remote release, and so on, in order to achieve true privacy protection:
B. Deposit interest: DNC 2 can be locked on the blockchain and not utilized until the unlocking time, generating an annual interest rate of up to 5% to prevent underselling and obtain more DNC 2.
C. Secret chat: The encrypted conversation, DNC2 with the public key system, with the public key of the chat object encryption, the chat object must use their own private key decryption to access the 13 chat material, the security is highly high. Single secret chat and group secret chat are both types of secret chat. A single secret chat refers to a chat with a single object address, but a group secret chat has many addresses and other personnel can simply join in the chat.
D. Block browsing: There is a built-in block browser that allows you to view all blocks and transaction details.
E. Built-in mining: streamlines mining by allowing it to be done directly in the wallet without the need to install additional mining software.
F. Network monitoring: it covers network monitoring capabilities such transaction memory pool, node list, and so on. It is simple to view the network. To establish a more open project with a wider ecosystem, the SAFE Foundation decided to divide DASH, merge voting chain and SAFE network 2, upgrade to SAFE network 3, and change the name to SAFE in January 2018.
On January 20,2018, SAFE successfully crossed fromDASH’s blockheight 807085, and SAFE Network v3 was officially launched. As of March25, the project has progressed as follows:
A. There are already 1,900 primary nodes in the SAFE network; SAFE is already available for online trading at zb.com, coinegg.com, dragonex.io, hb.top, kex.com, oex.com, chaoex.com, btctrade, im,coolc oin.com;
B. The SAFE network SAFE has been a member of the internet mining pool vvpool.com, which currently has consistent computer power.
C. The SAFE network SAFE is an online coin wallet that can be found at bitkan.com.as well as bitpie.com
By 3 January 2019, the project has progressed as follows:
A. The v1.2 version of the digital currency payment platform was released in August 2018;
B. In September 2018, the main network 2.0, which supports the security capital agreement and the SAPP protocol, was successfully upgraded, and the PC wallet, Android APP, IOSAPP, and block browser were launched.
C. The new project safety test (digital currency reward + blockchain public test + BUG management) was launched in September 2018; 15
D. The new project And you (digital currency game platform) was launched in October 2018;
E. The SAFE proposal management system was deployed in October 2018;
F. The new project Anbao (hardware wallet) was released in November 2018;
G. There were 3,000 primary nodes on January 3, 2019;
As of 15 December 2021, the project progress is as follows:
A. There are currently 8,107 major nodes in the SAFE network;
B. A new project, Safe Wallet, is in the works, with support for various currencies;
C. Safe Swap, a DEFI application that supports SAFE ecology, is a new project in the works.
D. SAFE network 4 is being planned, as well as technological inquiry and verification.
The SAFE network (SAFE) is a Singapore-based decentralized blockchain digital asset issuance and application development platform that focuses on blockchain application security and privacy protection. Without approval, anyone can create digital assets and blockchain apps based on the SAFE network. Through the Sapp application development protocol, the SAFE network not only provides more secure blockchain application development solutions, but it also provides high security, compatibility with EOS and ETH smart contracts, and sidechain smart contract system-security code.
For more information and updates
Visit the website: www.anwang.com
