Mask Network is a portal that allows users to seamlessly send encrypted messages, cryptocurrencies, and even DApps (Defi, NFTs, DAO) over the top of social networks without migrating, and thereby creating a decentralized Applet(DApplet) ecosystem. In short, we want to bridge the New, Open Internet right on top of the current one.
An Overview 🔍
Instead of creating a new platform, Mask Network aims to bridge Web2 (the current web) and so-called Web3, to empower the general public to use the better web within the current mainstream platforms, without using any API or centralized server.
Our Vision 🚩
People live on the Internet. The current version of the internet consists of big techs after big techs where people essentially have to give up control of their own autonomy and cannot even get a breathing room in between the platforms. Many want to overthrow them by starting new ones.
We don’t — We want to create something above them. Cryptography and Web 3 technology (including blockchain, decentralized storage, and peer to peer networks, etc) is enabling us to pull off the job.
The historical reference is the Operating system vs Web browser. Microsoft Windows used to be the ‘evil’ dominant player, taking over 90% of the OS market share. But the Internet (more specifically, Web) changes everything. Everyone still uses operating systems, but the pie has been significantly diluted by the Internet. The web browser is built inside the operating system and sucks in most of the operating system usage gradually and effectively — became the operating system. Microsoft had to preinstall IE to fight back against Netscape — finally leading to DOJ’s action against Microsoft.
Now onto the social networks. Some 90% of the global Internet users are social network users. Social networks have become the infrastructure that few can bypass. Directly competing against those giants seems infeasible. What if we can create something over-the-top of them that people want? Lots of problems have arisen in social networks. They can barely do cross border payments, no space to permanently store files, no real secure encryption. They monetize based on our data and labor and we have little bargain power to stop that.
Is there something that can fix all those problems? The rise of peer to peer networks, blockchain, decentralized storage, collectively denominated as Web 3, are giving us a silver lining. We want to piece them together and give ordinary users a whole new Internet inside the existing one.
What Have We Done and How Has it Been Received
Mask Network has been up and running for almost a year. In the earliest version back in July 2019. The basic function it provides is sending and receiving encrypted posts (tweets/fb posts) with access control. This is achieved without having a centralized server. We also kept UI consistency with platforms to reduce on-boarding costs.
What products support MASK?
| Send/Receive | Trading | |
|---|---|---|
| Coinbase | ✖️ | ✖️ |
| Pro | ✔ | ✔ |
| Wallet | ✖️ | ✖️ |
What regions support MASK?
| US | NY | CAN | EU | UK | DE | SG | JP | |
|---|---|---|---|---|---|---|---|---|
| Coinbase | ✔ | ✖️ | ✔ | ✔ | ✔ | ✔ | ✖️ | ✖️ |
| Pro | ✔ | ✖️ | ✔ | ✔ | ✔ | ✔ | ✖️ | ✖️ |
| Wallet | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ | ✖️ |
Crypto to fiat trading pairs
| US | UK | EU | |
|---|---|---|---|
| USD | ✔ | ✖️ | ✖️ |
| GBP | ✖️ | ✔ | ✖️ |
| EUR | ✖️ | ✔ | ✔ |
Crypto to crypto trading pairs
| USDC | USDT | BTC | ETH | |
|---|---|---|---|---|
| MASK | ✖️ | ✔ | ✖️ | ✖️ |
See the full list of countries that Coinbase supports for crypto-to-crypto trading.
How many confirmations are needed for MASK?
MASK requires 35 network confirmations. Learn about transaction confirmations.
Which blockchain network hosts MASK?
MASK is hosted on Ethereum.
What are the minimum and maximum withdrawal amounts?
Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.
These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.
Minimum: 0.000000010000000000
Maximum: 33,069
By Mask Network and Coinbase