Prezzo Hifi Finance (MFT)

What Is Hifi Finance (MFT)?

Hifi Finance (Previously Mainframe) is a decentralized cryptocurrency ERC-20 token created in September 2013 by Mick Hagen. According to the official Mainframe whitepaper, MFT is an integral part of the Mainframe protocol operation, which aims to provide a secure platform for communications that is not restricted by censorship.

MFT has attracted interest from crypto enthusiasts because it tackles an increasingly important problem in the face of censorship and the security of messaging services globally. Mainframe claims to be a revolutionary read on what online privacy should be. It employs blockchain technology’s innate privacy characteristics to bring a more secure communications outlet to the world.

Who Are the Founders?

Mick Hagen is the driving force behind the Mainframe protocol and MFT. His professional career has taken more than one turn; however, he has proven to be an expert in communication and blockchain technology throughout his work.

After dropping out from Princeton in 2006 after having spent only a year at the prestigious university, Hagen founded Zinch, an app aiming to help students find the best available higher-education path. Later, he sold Zinch and focused on developing cryptocurrency-based solutions, thus arriving at the idea for Mainframe.

Another prominent figure of the team behind Mainframe is Carl Youngblood, the company’s chief technical officer. He joined the company in 2017 and was a fundamental addition to the Mainframe team.

Of course, this is not the entirety of the Mainframe team, as more than fifteen people have helped boost and develop operations over the years; however, Mick Hagen and Carl Youngblood are the most critical links in the chain.

What Makes Hifi Finance Unique?

Hifi Finance is a unique project because, unlike most cryptocurrencies out there, it does not aim to completely replace the way finance is done at present. On the contrary, through the MFT token, Mainframe seeks to utilize the potential of blockchain technology for personal data security and privacy.

One of the Mainframe network’s features is that it employs several different sub-protocols with enhanced encryption services and functions like Dark routing. This ensures that privacy is safeguarded and communications going through the network are protected. The Mainframe platform allows users to safely and securely send files, create Decentralized apps (DApps) and store data on the blockchain.

To guarantee the accuracy of validator nodes, Mainframe set up the protocol to execute incentivized economics, i.e., validators are rewarded for their work.

Related Pages:

Read more about Plasma Finance.

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Learn more about DApps.

Have a look at the CoinMarketCap blog.

How Many Hifi Finance (MFT) Coins Are There in Circulation?

Hifi Finance organized one of the biggest online airdrops of tokens ever held. The company created 10 billion MFT tokens, half of which are already employed in different functions.

Around 2.5 billion tokens were reserved to support functionality on the Mainframe network. In a series of small physical airdrops all over the world, Mainframe distributed a portion of the remaining 2.5 billion tokens for private sale. The rest of the available MFT coins were made available for purchase during the grand online airdrop held between March and June 2018.

How Is the Hifi Finance Network Secured?

The Hifi Finance protocol is based on Ethereum, and the Mainframe coin is an ERC-20 token, which allows you to store it in Ethereum wallets. Considering its Ethereum roots, Mainframe is secured by the proof-of-stake (PoS) model.

Proof-of-stake protocols try to battle the vast power consumption required by proof-of-work (PoW) systems by placing greater importance on the number of coins held by miners rather than their mining capacity. PoS models are becoming increasingly popular as they require less electrical power and are easily scalable.

Hifi’s Ethereum compatibility also makes it an excellent environment for the development of Dapps.

Where Can You Buy Hifi Finance(MFT)?

MFT coins are relatively accessible for purchase, being ERC-20 tokens. One of your solid choices is Binance, which has the second-largest trade volume of MFT coins: $2,074,002.

Another option to purchase MFT coins is Upbit. The exchange has an MFT/KRW trading volume of $2,196,885. Of course, it is crucial to note that investing in cryptocurrency can be risky, as coin prices are incredibly volatile.

Find more information here about buying cryptos.