Saito is a decentralized network that allows users to run bitcoin apps in their browsers without the use of plugins, secret APIs, or closed infrastructure. Saito manages to exist in the absence of an owner by financing the nodes that offer user-facing infrastructure for its own network and other public blockchains.
What is technological innovation?
Technological innovation is a new or better product or procedure with substantial technological differences from previous versions. New items (product innovations) or processes in use (process innovations) that have been brought to market are examples of technical product innovations that have been implemented.
Here it is important to mention Technological Innovation Management. This refers to the formalization of the technological innovation process (usually inside an organization: a firm, a government institution, a think tank, a university, etc). (or Technology Innovation Management - TIM). The "management" part refers to the inputs, outputs, and limitations that a "Manager" or team of "Managers" is accountable for governing the technical innovation process in accordance with the company's strategy. Technological Innovation Leadership is desirable in situations when Technological Innovation is not to be steered through well-worn channels inside the firm. Technological innovation is frequently undertaken in an uncertain setting, particularly in start-ups and new companies.
Why Saito is a great example?
Saito is a new layer 1 blockchain that enables the development of open and scalable web apps.
On Saito, apps are peer-to-peer.
The chain provides decentralized infrastructure, removing the need for centralized suppliers. Saito allows developers to distribute and execute their programs while consumers retain complete control over their data.
Blockchains in general only pay miners (or validators in PoS)
The network does not compensate data nodes who give blockchain access.
Furthermore, apps rely on third-party infrastructure, and consumers may only access the blockchain through third-party services.
Users' gadgets run apps locally.
Apps connect directly with the blockchain.
Chain nodes that give network connectivity in Saito are compensated (through the "Routing Work" mechanism)
When chain nodes provide better access or service, the Saito Consensus compensates them with higher fees.
Because chain nodes are encouraged to offer infrastructure themselves in order to attract more user transactions and fees, there is no need for third-party infrastructure providers.
Saito miners/stakers still receive fees by participating in the consensus mechanism, albeit in a different way than PoW/PoS miners/stakers.
Key resources & readings:
Saito Network 🟥 (@SaitoOfficial) · Twitter
Saito price today, chart, and market cap | CoinGecko
https://www.coingecko.com › coins › saito
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