Mainframe 101- What you need to know before investing

Mainframe 101- What you need to know before investing

Crypto 101 ICO Projects
July 10, 2018 by apurva sheel
1250
Mainframe

Mainframe is an incentivized, decentralized messaging protocol that aims to help solve the problems of censorship while elevating the users’ privacy. In simplest terms, Mainframe is a blockchain-based project that has been designed to be used by networks and applications to implement an encrypted messaging system.

The goal behind the project is to fill the currently existing holes in the security and privacy of the internet architecture. For this, Mainframe provides users with novel tools that are inclusive of data privacy, censorship resistance, and surveillance resistance. The aim is to provide a web3 communications layer with zero compromise on convenience.

The Idea

The Mainframe project has been constructed on the idea that centralization is a threat to freedom and privacy. The team is working towards ensuring that users should have the option of choosing what and how much information they want to reveal and share on the internet.

The vision here is to build a completely decentralized communications network and lay the foundation work for developing the new web—web3 communications layer.

What does Mainframe offer?

The Mainframe network is introducing to the users an unstoppable communications platform with incomparable security. That is to say, through the Mainframe blockchain, users will have:

  • Data Privacy: through p2p and group encryption
  • Surveillance Resistance: through the option of hiding node relationships.
  • Censorship Resistance: through communications jamming prevented by hidden node relationships.

The communication infrastructure presented by Mainframe is, as stated in their whitepaper, entirely un-hosted and decentralized. Through a token economy, the network performance is incentivized.

How does it work?

The Mainframe network is built on multiple layers that use a combination of distributed ledgers and advanced cryptography to give users absolute control over the communications they engage in.

In the present day, the devices connect to the internet via a public IP address or proxy which aids in determining the geographic location of a device quite accurately. It is precisely to overcome this security problem that Mainframe has been developed.

At the most rudiment level, Mainframe consists of a p2p network which is used for propagating and executing blockchain transactions. This is the most basic network layer which abstracts away the underlying geographically-traceable internet transport layer and randomly assigns IP addresses to each device. That is to say that the p2p network functions as a virtual network above the IP Suite and prevents nodes from being targeted by unwanted third parties.

Above this layer, additional protocols are provided for secure communications. Every Mainframe node will expose multiple p2p service interfaces to different application layers. For instance, there will be interfaces for blockchain transactions, packet routing, data services, file storage etc.

Each of these p2p services is provided solely by the peers operating in an incentivized cooperation without relying on any already managed infrastructure.

Salient Features

The Mainframe project employs five rudiment mechanisms to induce incentives in the functionality of the network.

  • Encryption: advanced encryption technology is employed to offer a completely secure messaging for p2p and group communications alike.
  • Dark Routing: each node is a part of a decentralized network which makes it almost impossible to track activities and communications occurring through messaging.
  • Incentivization: Nodes are rewarded for supporting the network.
  • P2P Architecture: the application data is distributed throughout the network through a p2p architecture which prevents the network from being censored or shut down.
  • Interoperability: different systems can interoperate within the Mainframe network and as stated in their whitepaper, the platform will eventually show consistency for integration with any network, app, or blockchain.

The MFT Token

The Mainframe Token (MFT) is the fuel of the network. MFT is an ERC-20 compliant token that is used by the network to reward nodes and can be used as an exchange of value in marketplaces of the Mainframe platform allowing the selling and buying of goods and services.

Implementation

A platform has successfully built a messaging application by the name of Onyx which provides a fine user experience on all major mobile and desktop platforms. In a visionary dimension, the platform can be employed by Enterprises, Government, Social Networking platforms etc.

The Bottom Line

The Mainframe platform, with its decentralized and distributed nature, improves on the models of the previous platforms that are vulnerable to data breaching or service outrage. The reports on its first fully-decentralized workplace messaging tool have been fairly positive. Yet, the project does have its weaknesses. For mass adoption, it might be imperative for Mainframe to integrate with the already existing and popular communications apps but so far the only step it has taken is to introduce its own messaging service. There are no indicators pointing to the strategy the network is going to adopt to popularise itself. However, the value proposition of the network is nothing short of impressive and given the experiential dynamics of the team behind, Mainframe does appear to have a bright future.

Token Value Information

Ticker: MFT
Total Supply: 10,000,000,000 MFT
Circulating Supply: 2,163,833,975 MFT
Market Cap: $43,261,316 USD
ICO Rate: $0.021507 USD
Current Rate: $0.020266 USD

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