Should You Buy Mainframe (MFT)? A Look at a Potential Sleeper Token for 2018
Each year there are numerous ICOs, each promising to change an industry, the economy, or the world as a whole in some fundamental way. But how many of them can clearly articulate what they are trying to do and how it works? Mainframe (MFT) has a vision for completely secure, encrypted communication system that cannot be hacked or monitored, one that will eventually serve both people and institutions. Can they deliver on this goal, and if so, what is the best way to buy MFT while it’s still cheap?
What is MFT, and why is it needed?
Mainframe is a new project which hopes to allow completely secure communication and data sharing for all users— a network that is impervious to hacking, censorship or surveillance.
After the NSA mass surveillance programs were exposed by Edward Snowden, the world became aware of the full extent of the ability of governments to intercept and monitor communications between private citizens. It is now well known that many other governments like that of China engage in similar or even more extreme digital dragnet practices.
What many people don’t understand is that there is nothing inherently anonymous or secure about the internet. It only offers the appearance of these things. The basic underlying architecture of the internet is decades old, and the powers-that-be in both the public and private sector which built that infrastructure know exactly how it all works and how to build/find backdoors to the networks which use it.
Let’s focus a bit more on the private sector. Very powerful tech and telecom companies can monitor user communications, change TOS agreements, and terminate user accounts at will. But this degree of centralization doesn’t just give them huge power over users. It exposes them to risk as well. These companies can be targeted by hackers, and results can be devastating. The infamous Yahoo data breach, for example remains the largest one of its kind in history, with 3 billion (!) user accounts being compromised.
Many companies which have suffered security breaches have an incentive to cover it up or deny it happened, since they fear a loss of reputation or drop in their stock prices.
Of course, hacking isn’t just bad for end users, but it’s dangerous for the companies themselves as well. Sensitive or embarrassing emails can be leaked, intellectual property can be stolen, and companies can be forced to pay “ransomeware” by criminal hackers.
Some of these hackers may even be acting as digital mercenaries on behalf of state actors, crossing the bridge from mere criminal mischief to outright espionage and cyber warfare. Classified information can be stolen, lives can be put at risk, and sometimes even wars can start.
Are you beginning to see the problem here?
Mainframe offers a solution. The team behind MFT describes this project as a “web3 communications layer” that is invulnerable to threats from “trackers, hackers, gatekeepers and censors”. The Mainframe network is essentially a decentralized peer to peer (P2P) communications network that combines the inherent cryptographic security of blockchain technology with additional features that protect user privacy and hinder attempts at third party surveillance. The MFT token acts as the fuel for this network, and an incentive for the nodes to do their job of running the network.
In addition to a P2P architecture and blockchain encryption, MFT makes use of dark routing, a method by which a packet is routed from one node on a network to many different nodes, but only the node serving the intended recipient can open it. In this way, it is almost impossible for any third party to tell where it’s really going because it is being sent in so many different directions at once.
The first app built for the Mainframe network is Onyx, which is modeled after Slack. While still in the Alpha testing stage, it offers a glimpse of a future where not only individuals, but companies and government agencies can enjoy secure internal communications without fear of sensitive information being monitored or stolen.
MFT Performance So Far
Mainframe has only been available to the public for a few weeks. It was first listed on exchanges in early July and reached a high of around $0.025 cents (USD) before dropping to around $0.015 USD as 7/30/18. Why the drop? It could have to do with the massive bounty program held before the public sale. The team certainly generated a lot of buzz about this MFT, but like many bounty campaigns, it appears to have attracted some individuals some who were not that interested in the project, but simply wanted to sell as soon as they could due to the fact that we are still in a bear market.
That’s unfortunate for them — but fortunate for you, because right now represents the maximum moment of opportunity to get in on MFT. Bitcoin is going up, and when BTC turns around, altcoins inevitably begin to turn around as well, and projects that can actually deliver real value have huge potential to rise in price.
The Best Way to Buy Mainframe (MFT)
MFT is an absolute steal right now. You can get it on Binance and several other large centralized exchanges, but we’ve already covered the downsides of such platforms in the past pretty thoroughly. Given that the entire Mainframe project is built with security and privacy in mind, doesn’t it make more sense to buy MFT using an platform that aligns with those values as well?
Now you can use Faast to get MFT (plus 100+ more cryptocurrencies) without ever connecting to a centralized exchange or putting your funds at risk. No risk, no stress, and no third parties that can spy on or interfere with your transaction.