Saito fixes the collective action problems that impede scaling in proof-of-work and proof-ofstake blockchains by coupling a circular ledger to a consensus mechanism that incentivizes thecollection and sharing of transaction fees. The resulting network pays not just for mining andstaking, but for all activities that contribute economic value to the network. In the processSaito fully eliminates majoritarian among other attacks.
Saito pays user-facing infrastructure nodes outof an open consensus mechanism. Because thisapproach scales naturally, it incentivizes the processing of large amounts of data and can be usedto build decentralized versions of many dataheavy services, such as un-astroturfable data exchanges, authentication and monetization applications, distributed key registries that are secure from MITM attacks, payment channels, andmuch more.
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