Bitcloud, a new project that makes use of a highly customised version of Bitcoin protocol, not only aims to create a mesh network that will act as a shadow to the current Internet, but also aims to replace the Internet as we know it today.
Bitcloud proposes peer-to-peer system that will depend on its users for storage, processing and sharing of data. The network will reward its users for sharing bandwidth – something similar to Bitcoin mining where users are awarded Bitcoins for sharing their systems’ processing power. The system proposes a new crypto-currency dubbed Cloudcoins for the payments.
In a statement to BBC News the founders of the project said, “We will start by decentralising the current internet, and then we can create a new internet to replace it.”
The group behind Bitcloud claims that the new network should appeal to all those users who seek privacy, security, an end to internet censorship and decentralisation of the Internet. The other two concepts utilised for Bitcloud include Mediaglobin and Tor.
The founders revealed that they have the basic idea regarding how everything will work; however, there is still a lot of work that needs to be done.
“We have a basic idea of how everything will work, but we need assistance from programmers and thinkers from around the world who want to help,” they said.
The group is currently looking for developers and if you are interested in being part of the developer network or just want to read about Bitcloud head on to its GitHub page here.