Connect with us

Bitcoin

MeshBox Is Trying To Connect 3.5 Billion People To The Internet

Published

on

MeshBox
READ LATER - DOWNLOAD THIS POST AS PDF

Back on December 16, 2017, Ethereum Founder Vitalik Buterin weighed in on the Net Neutrality debate through a series of Tweets. The gist of Buterin’s argument was that VPNs wouldn’t help users overcome bandwidth restrictions because ISPs can just treat VPN traffic as unknown and throttle anything flagged as such.

The one solution to this situation, however, Buterin states, is the employing of and the full-scale adoption of mesh networks.

Here’s the Tweet:

 


For those not familiar with the concept of a mesh network, it’s a network comprised of nodes that connect directly to one another, allowing for the creation of a network that allows for data routing (between nodes) without the necessity for external input.

Right now, some people use a mesh network in their homes to expand Wi-Fi coverage. This is very much just one small part of the mesh network concept, however, and a number of companies are working to develop mesh networking into something that could change the way global networking is structured, in line with the end-game that Buterin describes in the above Tweet.

One of these companies is MeshBox.

But MeshBox isn’t just trying to build out the mesh network space – the company is taking the concept and combining it with another bleeding edge technology, the blockchain, to build a solution to the circa 3.5 billion individuals spread across the globe that have little or no internet access right now.

So how does it work?

There are two parts to this technology and MeshBox is one of them. It’s a physical device (shaped, unsurprisingly, like a box), that can be solar powered and that can serve as a central node in a mesh network. The MeshBox can be put anywhere a network is required and can connect to devices (smartphones, IoT hardware, that sort of thing) and act as a central gateway to internet connectivity for these devices.

The second part is called SmartMesh and it’s analogous to the TCP/IP type protocol that serves as the functional layer of today’s protocol/router type setup.

In other words, MeshBox is the equivalent of a router that runs a SmartMesh protocol as opposed to a TCP/IP type protocol.

All this is a bit jargony, but the concept isn’t that difficult to grasp. Say, for example, there’s an island in the Pacific Ocean that doesn’t have reliable communications infrastructure, meaning inhabitants can’t gain access to the internet. If the island gets one or more MeshBoxes, spreads them around and connects one of them to the internet, the boxes (and the network they create using the SmartMesh protocol) can be connected to by mobile devices or computers of the island’s inhabitants and, in turn, can serve as a gateway to the internet for said inhabitants. The same inhabitants can also use the boxes as a sort of private network, sharing content and data between one another without internet connectivity.

So where does blockchain come into it?

Well, this is what sets MeshBox apart – because the technology is rooted in blockchain tech, the hardware is able to employ token transfer and facilitate microtransactions, meaning users can be charged for their access, content creators (i.e. those who create and share content across the MeshBox network) can charge for their content, etc.

The key takeaway is this: there are hundreds of blockchain projects vying for investor capital and attention right now but very few, if any, have the potential to solve a problem as large as that which MeshBox is going after. The company has a top-tier leadership team behind it and an aggressive, but at the same time, achievable, roadmap and is about to raise capital through an initial coin offering (ICO) to help fund progress towards the above-outlined aim.

Check out the MeshBox White Paper here.


We will be updating our subscribers as soon as we know more. For the latest on MeshBox, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Bitcoin

The rise of the crypto casinos

Published

on

crypto casinos
READ LATER - DOWNLOAD THIS POST AS PDF

In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

Continue Reading

Elite