Short Bytes: Kim Dotcom, the founder of notorious file-sharing website Megaupload, has said that he is working on an internet alternative called Meganet. He revealed that it’ll be a P2P-based internet service that will come with strong encryption methods, making it impossible to hack.
Kim Dotcom aims to do this by making a P2P-based internet service that won’t need an IP address and all the communications will be encrypted. On Thursday, in New Zealand, the Hollywood foe Kim Dotcom revealed this vision of a more secure Meganet. It should be noted that Kim is wanted in the U.S. under criminal copyright violation charges.
Teasing the people about his new project, Kim said, “…a new internet that can’t be controlled, censored or destroyed by Governments or Corporations with MegaNet.” He started his secret work on this internet-alternative about two years and now he has a lot to say,
Meganet will be ditching the conventional IP addresses that will make the hacking process more difficult. It will run on a newer and faster form of blockchain to exchange data. Calling it decentralized, he said that it will be “from the people, for the people.”
“It from the people, for the people.”
Mashable reports that Dotcom said: “If you have a 100 Million smartphones that have the MegaNet app installed we’ll have more online storage capacity, calculating power and bandwidth than the top 10 largest websites in the world combined [together], and that is the power of MegaNet.”
He expects that in the upcoming years with more mobile devices with large bandwidth, Meganet will grow more powerful. Talking about the security, the encryption keys will be very long and they will be very difficult to be reverse engineered or cracked by any supercomputer.
For funding the project, he’ll be conducting a seed round in January. “I hope this will be one of many approaches to try and stop governments from taking control of this beautiful thing that’s the Internet,” he added.
With inputs from Mashable.
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