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MeshBox Is Trying To Connect 3.5 Billion People To The Internet

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MeshBox

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.


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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.

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Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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