BitCloud: a new internet infrastructure from Bitcoin creators

cloud-computing-storageDecentralized internet?
A more user-centric network?

This is what some Bitcoin creators are trying to model…

“We will have to start by decentralizing the current Internet, and then we can create a new Internet to replace it.” Called Bitcloud, they propose a peer to peer system for sharing bandwidth. Individual users would complete computing tasks such as routing, storing, or computing in exchange for cash. As the BBC explained, “Just as 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.”

In their own words:

Bitcloud is a Distributed Autonomous Corporation

What to find out for yourself?
Check Bitcloud’s first non-technical white paper on Github.


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