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Soon Internet will be replaced....

    • 144 posts
    January 25, 2014 10:48 AM IST

    Internet will soon be replaced . Wow a new project has started to bounce it ! 

    The ambitious project, Bitcloud, aims to provide services currently controlled by internet service providers ( ISPs) and corporations. The project is based on the same methods used to minebitcoins. 

    According to the British Broadband Corporation , individuals would perform tasks such as storing, routing and providing bandwidth, in return for payment. 

    The founders are searching for developers for the project, adding that they will start by decentralising the current internet, and then create a new internet to replace it. 

    Companies like bitcoin miners provide computing power and are rewarded for solving complex mathematical equations with the virtual currency, so individual net users would be rewarded based on how much bandwidth they contribute to the Bitcloud network.

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