Hi @nicklambert, maybe a correction is needed here.
MaidSafe also ran a multimillion dollar crowdsale in 2014 — for a proxy token of the coin that will eventually be baked into the network — and did so long before ICOs became a crypto-related bandwagon that all sorts of entities were jumping onto. The SafeCoin cryptocurrency is intended to operate as the inventive mechanism for developers to build apps for the Safe Network and users to contribute compute resource and thus bring MaidSafe’s distributed dream alive.
Natasha probably means: incentive
At this paragraph ‘Parsec’ links to a company that’s unrelated.
Protocol for Asynchronous, Reliable, Secure and Efficient Consensus
MaidSafe reckons they’ve come up with a way of achieving consensus on decentralized networks that’s scalable, robust and efficient. Hence the name of the protocol — ‘Parsec’ — being short for: ‘Protocol for Asynchronous, Reliable, Secure and Efficient Consensus’.
Great job Nick, bc now I can take my revenge on Coindesk, bitcoin Magazine and Cointelegraph for not writing about Parsec, by linking the TC news article.