Monday, June 17, 2024
HomeNewsDecentranet Teams Up With World's Largest P2P Network ThreeFold

Decentranet Teams Up With World’s Largest P2P Network ThreeFold

Investment and advisory firm DecentraNet has cut a deal with ThreeFold, the largest and most advanced peer-to-peer network supporting 40,000,000+ Gigabytes of existing capacity, 15,000+ CPU stores, and 600+ active nodes in 21+ countries.

“The new Internet has to be democratized, neutral, and secure to provide autonomy to all its stakeholders. Everyone shall be digitally autonomous and own their data just like they would own their physical experiences. Bitcoin and other blockchain networks mostly run their nodes and store their data in centralized cloud storage facilities from companies like AWS, Google, and Microsoft. To have a truly decentralized network, the nodes and infrastructure need to be owned by the users, not big corporations. Threefold puts this into practice now with the largest decentralized network in the world,” says Matt McKibbin, Founder of DecentraNet.

With significant storage, compute, and network capacity available around the globe,  and partnerships like Hewlett Packard and Stellar, ThreeFold is planning to replace four of the current seven layers of the Internet infrastructure, resulting in a much simpler system that is truly efficient, scalable, sustainable, affordable, and peer-to-peer with the ultimate goal of empowering equality, autonomy, and sustainability through its game-changing technology and collaborative ecosystem.

Kristof De Spiegeleer, the co-founder and CEO of ThreeFold, told Cointelegraph that since 2016, he has been building a peer-to-peer Internet to create a truly decentralized global web architecture:

“Currently, less than 20 companies in the world own more than 80% of the internet’s capacity. Data also resides in huge data centers, where 5 to 10% of the world’s electricity goes, a number which will grow in the coming years. Today, we don’t own our data or the applications on our phones.”

DecentraNet’s mission is to accelerate the world’s transition to a more decentralized future and consider ThreeFold a perfect partner in this effort. They allow blockchain and other projects to become independent, implement true data ownership, and be a part of the future’s sustainable Internet.

Richard Kastelein
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
- Advertisment -spot_imgspot_img

Most Popular

Latest News