NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Kim Dotcom Announces Plans for the Upcoming Megaupload 2.0 Platform

Gautham
Gautham
4 years ago
3 mins read
meganet, kim dotcom

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

As the new Megaupload 2.0’s launch date nears, Kim Dotcom has announced the inclusion of Bitcoin micropayments into the platform. The revival of Megaupload is currently set for January 20 next year, marking the anniversary of its predecessor’s forced closure by law enforcement agencies in 2012.

According to Kim Dotcom’s recent twitter post, all file transfers on the new Megaupload 2.0 file sharing platform will be linked to a Bitcoin microtransactions over Bitcache.

“Every Megaupload file transfer will be linked to a tiny Bitcoin microtransaction. Get ready for Bitcache.”

While there is limited information available on Kim’s Bitcache system at the moment, he claims that it will put an end to the Bitcoin scalability debate by eliminating all the existing blockchain limitations. He also predicts the Bitcoin price to soar at least four-fold once Megaupload 2.0 with Bitcache is launched.

Screen Shot 2016-08-06 at 7.09.56 PM

In another tweet, Kim also mentions that the new Megaupload will be available for free as a white labeled platform. This will allow people to use Megaupload to meet their file sharing needs by connecting it to their own domains without any charges. If the white labeled file sharing feature of Megaupload catches up, people may start using it instead of Azure and Amazon Web Services to meet their cloud storage needs.

It is speculated that the association of Bitcoin microtransactions with file transfer may be a way of allowing content creators/uploaders to monetize their content. Also, it will probably require downloaders to pay for the content with Bitcoin. The platform may also claim a small portion of these microtransactions as a revenue source. With the platform still under development, Kim has called for developers who can help implement his visions for Megaupload, Meganet and Bitcache.

kim dotcom, megaupload 2.0

Kim Dotcom expects to onboard over 100 million users onto the Megaupload platform to use Bitcache. According to his previous statements, the new Megaupload 2.0 platform will automatically include user accounts from the older version. A portion of the Bitcoin community is concerned about Kim’s plans to associate Bitcoin microtransactions with file transfers. They believe that Megaupload may create a centralized structure to make such transactions feasible, thereby violating the decentralized nature of the digital currency. These concerns are based on the current economics of microtransactions on Bitcoin network. The increasing transaction costs (miner fees) have rendered Bitcoin micro and nanotransactions unfeasible.

It is quite possible that Kim Dotcom is thinking of creating a system similar to that of Lightning Network or use an altcoin/colored coin for transactions over Megaupload network. Further details on the technology behind Bitcache is still awaited.

In Kim’s words,

“Megaupload 2.0 takes decentralization, anonymity and encryption to next level. A nightmare for those who want to mass surveil and censor.”

The new Megaupload 2.0 sure sounds like an exciting product. However, we will have to wait till next year to judge it ourselves.

Ref: Fortune | @KimDotcom on Twitter |TorrentFreak | Image: Kim Dotcom Graffiti (Thierry Ehrmann CC by 2.0)
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

È Appena Iniziato il Superciclo di Liquidità di Bitcoin, Dice il CEO di un Hedge Fund

Bitcoin ha toccato un nuovo record sopra i 122.000 $ nella mattina del 14 luglio, estendendo il rally che dura...

clararosati 3 hours ago
Dogecoin price news

Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched?

The Dogecoin weekly structure is once again the talk of Crypto-Twitter after pseudonymous technician Cantonese Cat (@cantonmeow) published a logarithmic...

Jake Simmons 3 hours ago
bitcoin-booms-bitcoin-hyper-raises-2-5m-btc-l2-bet

Bitcoin Booms, and So Does Bitcoin Hyper — $2.5M Raised as Investors Bet on $BTC L2

Bitcoin has just surpassed the $120K mark, signaling a strong return of investor confidence. As capital flows beyond Bitcoin, altcoins...

Aaron Walker 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here

Scott Matherson 26 minutes ago
portofel crypto multi-chain non-custodial

De ce ai nevoie de un portofel crypto de calitate?

antonio 45 minutes ago
Bitcoin

Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • まだ知られていない価値あるアルトコイン3銘柄

    ...

    3 minutes ago
  • 2017年初頭のイーサリアムが8ドルで買えた頃に似たチャンス──9000%の成長が期待できる手頃な価格の仮想通貨おすすめ2選

    ...

    14 minutes ago
  • ETHRANSACTION Core Breakthrough! New users get $19 starter...

    2 hours ago
  • 2 jeftine kriptovalute s potencijalom rasta od 9.000% –...

    2 hours ago
  • Predviđanje Cijene Snorter Token (SNORT) – Analiza i Projekcije 2025–2030

    Fartcoin, dogwifhat Tăng Mạnh – Snorter Được Dự...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.