Bitcache
 | |
| Initial release | January 2017 (projected) |
|---|---|
| Type |
Micropayment Privacy Bitcoin wallet |
Bitcache is an announced blockchain powered service that links file transfers to bitcoin microtransactions. The feature is a core component of the cloud storage service Megaupload 2.0 to be launched in January 2017.[1]
Concept
The general concept of Bitcache is that it provides an online reward structure for the mass online storage solution Megaupload 2.0. By linking every file transfer to a small bitcoin microtransaction, the Bitcache system provides a feedback mechanism to users with a value associated with each download.[1]
Bitcache is designed to overcome the scaling limitations of blockchain technology which restrict the number of transactions the bitcoin network can handle.[2]
User privacy will be protected using encryption.[3]
See also
References
- 1 2 Meyer, David (5 August 2016). "Kim Dotcom Claims Revived Megaupload Will Run On Bitcoin Micropayments". Fortune. Retrieved 11 August 2016.
- ↑ "Kim Dotcom plans 2017 relaunch of Megaupload". TorrentFreak. 5 August 2016.
- ↑ DeMartino, Ian (10 August 2016). "Thoughts On Kim Dotcom's Bitcache". Inside Bitcoins. Retrieved 11 August 2016.
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