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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Internet Bandwidth Marketplace powered P2P VPN Network Blockchain

newsbtc
newsbtc
5 months ago
3 mins read
privatix

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.

Privatix wants you to share your broadband connection and pay you in crypto

The VPN provider Privatix wants to make the biggest bandwidth marketplace, using peer-to-peer VPN networks, on Blockchain. It aims to do this by using people’s bandwidth when it’s not being used. So that, when Internet connections are not being used, either by regular people who happen to be at school, at work or anywhere, or indeed by companies and Internet hosting services, this unused bandwidth could be rented out to those companies who want more bandwidth.

Privatix currently has 750,000 users, and their temp email service, Temp-Mail, has 250,000 daily visitors daily. The company wants to build a decentralized P2P VPN on Blockchain, and Dima Rusakov, CEO of VPN provider Privatix Limited, says that crucial issues for the VPN market, such as affordability, services which don’t sell user data, and services which provide real anonymity are ones which need to be brought to market.

In this way, censorship, privacy and speed, are problems that are addressed with a decentralized, fully autonomous P2P VPN network on Blockchain, that allows users to share their Internet broadband with other network members, or to buy other people’s broadband channels for themselves. This network cannot be blocked, the data are encrypted, with mutual settlements being conducted with crypto tokens.

Using Blockchain to circumnavigate blockers

VPN is used to access content that’s unavailable or restricted in certain countries, to have more secure Internet connections, or to download torrents or magnet links safely. The use of VPN to log into a restricted casino, to access Netflix content not available on your country, or to watch a sports event while travelling abroad.

Centralized VPNs can be detected by DPI-based blockers, like the Great Firewall of China. Privatix uses DPI-free protocol,  which makes the VPN undetectable. Apps can also use this software for anti-censorship solutions, to implement monetization, and so on. The Mobile Software Development Kit designed by Privatix, integrates in apps to allow such solutions to work.

Blockchain-based P2P VPNs can host services to sell unused server capacity, which can have a knock-on effect of attracting bigger players and expanding the marketplace, and this is where the PRIX crypto comes in.

PRIX crypto tokens

The Privatix market operates using PRIX, a crypto token exchanged between agents who sell bandwidth, and clients who purchase and use bandwidth. The more demand for bandwidth there is, the better it is for agents selling access to it. The more the supply of bandwidth available, the more clients have to use.

If misuse of capacity on exit nodes arises, it’ll be dealt with by Privatix, so that agents don’t have to get involved in any legal ramifications.

Privatix into the future

The pre-ICO is Sept. 14 and aims to sell three percent of the PRIX. The company will give a 60 percent bonus with each purchased PRIX, so buyers get 1.6 PRIX for each 1 PRIX bought.

The ICO starts Oct. 19, and goes on for four weeks. Seven percent of the tokens are reserved for employees and founders who will keep them for one year.

After the ICO, Privatix will make cross-platform software and the Privatix Network, which will be released in 2019 in the second quarter. By the end of 2020, the company will introduce a developed CDN based on the Privatix Network.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

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

Ethereum

Ethereum Ready For Explosive Breakout: $5,791 The Minimum Target–Analyst

Ethereum’s price action is gearing up for a surge of epic proportions, according to crypto technical analyst MasterAnanda on the...

Scott Matherson 2 days ago
Bitcoin

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July....

Scott Matherson 2 days ago
Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Bitcoin has held steady around the $108,000 price level in recent days. After bouncing back from a brief pullback near...

Scott Matherson 3 days 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

Ethereum

Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In

Christian Encila 17 hours ago
XRP

XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

Christian Encila 1 day ago
Why Smart Crypto Money is Backing SpacePay's $1.1M Presale Run

Why Smart Crypto Money is Backing SpacePay’s $1.1M Presale Run

ericdunne519 1 day ago

Premium Sponsors

Press Releases

  • 🚀CRYPTO MINING FIRM launches an APP cloud mining...

    4 hours ago
  • Felpörgő alternatív kriptovaluta a Dogecoin (DOGE) helyett – 650 dollárból 65 000 dollár lehet 4 hónap alatt

    Felpörgő alternatív kriptovaluta a Dogecoin (DOGE)...

    11 hours ago
  • 3 figyelemre méltó altcoin 2025. júliusának első hetében

    3 figyelemre méltó altcoin 2025. júliusának első...

    13 hours ago
  • Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD udělá 65 000 USD za 4 měsíce

    Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD...

    14 hours ago
  • 3 altcoiny, které sledovat v prvním týdnu července 2025

    3 altcoiny, které sledovat v prvním týdnu července 2025

    15 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.