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Saito (SAITO) is not tradable on Coinbase.

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Saito

SAITO

About Saito

Saito is a cryptocurrency that operates blockchain applications directly in your browser. It is a recipient of the Web3 Foundation grant, which signifies its contribution to the blockchain ecosystem. Unlike traditional cryptocurrencies that reward miners or stakers, Saito compensates Internet Service Providers (ISPs). This approach allows Web3 projects to self-fund infrastructure, reducing reliance on monopolistic entities. Saito's consensus mechanism strives to address the collective action problems that hinder scalability in proof-of-work and proof-of-stake blockchains. It does this by coupling a circular ledger to a consensus mechanism that encourages the collection and sharing of transaction fees.

Saito operates by incentivizing the processing of large amounts of data, which can be used to build decentralized versions of data-heavy services. It does this by compensating user-facing infrastructure nodes out of an open consensus mechanism. This approach scales naturally, allowing for the processing of large amounts of data. Saito's consensus mechanism works by allowing nodes in the network to delete the oldest blocks in the ledger at predictable intervals, known as "epochs". This mechanism, known as "automatic transaction rebroadcasting" (ATR), ensures that the blockchain doesn't grow too large for network nodes to store. It also ensures that space on the blockchain can be priced accurately, even as storage times approach infinity.

Saito aims to be a solution for inducing a free market to deliver a public service. It seeks to correct the collective action problems inherent in the proof-of-work and proof-of-stake mechanisms. This allows participants to compete to bring resources into the network, permitting scalability to the point that underlying network hardware rather than economic constraints impose limits on blockchain growth. Saito can be used to build decentralized versions of many data-heavy services, such as un-astroturfable data exchanges, authentication and monetization applications, distributed key registries that are secure from MITM attacks, payment channels, and much more.

Saito was conceptualized and developed by David Lancashire and Richard Parris. The project was launched with the aim of addressing the collective action problems that impede scaling in proof-of-work and proof-of-stake blockchains. The Saito network was designed to pay not just for mining and staking, but for all activities that contribute economic value to the network. The project has since evolved, with the team working on improving the network's scalability and security. Saito's approach to blockchain technology has earned it recognition and support from the Web3 Foundation.

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Market

Market stats

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$7.8M

Volume (24h)

$26,119.09

Circulating supply

2.0B SAITO

All time high

$0.10

Market performance

Price change (1h)

+0.95%

Price change (1d)

+1.47%

Price change (1w)

+2.3%

Price change (2w)

-2.92%

Price change (1m)

-12.7%

Price change (1y)

-43.1%

Market benchmarks

Performance (1Y)

-42.13%

Vs. Market (1Y)

-73.29%

Vs. BTC (1Y)

-75.8%

Vs. ETH (1Y)

-64.56%

Coinbase Bytes

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Saito is on the rise this week.

The price of Saito has increased by 0.95% in the last hour and increased by 1.47% in the past 24 hours. Saito’s price has also risen by 2.30% in the past week. The current price is $0.0039 per SAITO with a 24-hour trading volume of $26.12K. Currently, Saito is valued at 96.08% below its all time high of $0.10. This all-time high was the highest price paid for Saito since its launch.

The current circulating supply of Saito is 1,979,292,275 SAITO which means that Saito has as total market cap of 1,979,292,275.

FAQ

What is the current price of Saito?

We update our Saito to USD currency in real-time. Get the live price of Saito on Coinbase.

What is the market cap of Saito?

The current market cap of Saito is $7.77M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Saito?

The all-time high of Saito is $0.10. This all-time high is highest price paid for Saito since it was launched.

What is the 24 hour trading volume of Saito?

Over the last 24 hours, the trading volume of Saito is $26.12K.

What other assets are similar to Saito?

Assets that have a similar market cap to Saito include Coinweb, Botto, Dimitra, and many others. To see a full list, see our comparable market cap assets.

How many Saito are there?

The current circulating supply of Saito is 2 billion.