What Is Safecoin (SAFE)?
SafeCoin (SAFE) is a decentralized community-driven project powered by the Solanablockchain. Safe coin supports smart contracts and Dapps. Smart contracts are just like regular contracts however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain. SafeCoin believes that liberty, truth, and freedom in a digital age are only built upon the foundations of reliable and secure decentralized systems.
According to the whitepaper, current challenges faced by traditional currency and systems include security problems, problems related to centralization, inflation rates, and a tedious process for users. SafeCoin combines the existing innovations in the crypto community to resolve these challenges, such as distributed ledgers consensus mechanism for storage and transmission. With this fusion, Safecoin seeks to meet users' needs and address the community's issues, as mentioned above.
Some features offered by the SafeCoin ecosystem are:
Blockchain technology: The blockchain uses a Proof of Stake (POS) consensus, finalizing transactions in sixty seconds.
Cryptocurrency exchange: Where users purchase SafeCoin, Bitcoin, Ethereum, Solana and other cryptocurrencies.
Video conferencing: Offering end-to-end encryption to ensure private discussions.
SafeCoin builds upon the already tested protocols allowing substantially lowered hardware requirements to bring Solana's advanced blockchain technology to the general public.
SAFE is a lightning-fast secure decentralized cryptocurrency with low fees. The token is the foundation of all SafeCoin projects. SAFE envisions to be fast, environmentally friendly, affordable, accessible, and secure for its users. In addition, there is a non-custodial web wallet for storing SAFE. The wallet is derived from Sollet, an open-sourced wallet platform built for the Solana blockchain. It may be operated over the internet or locally.
History of SafeCoin (SAFE)
The founder and lead developer of SafeCoin is Jeff Galloway, who launched the platform in 2017. The SAFE coin has a maximum supply of 36,000,000 coins.