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TheDomains.com

One Scottish Company Wants to Redo The Internet

June 2, 2014 by Raymond Hackney

Young businesswoman pressing colorful mobile app icons with boke

Business Insider covered MaidSafe a company out of Scotland that is looking to redo the Internet. The goal seems to build a decentralized Internet, kind of like a Bitcoin model. They want to do away with the need for servers and data centers and use the unused resources of every computer in the network.

From the article:

The founders of a Scottish company called MaidSafe had a wild idea.

What if you were to give the internet a makeover, changing it so that it’s absolutely safe from hackers and government snooping, but is still good for app developers and for sharing information?

And the MaidSafe SAFE network was born, brainchild of David Irvine (who is CEO) and Nick Lambert (COO.)

They funded their new network by selling their software, something called safecoins. They accepted bitcoins in payment and something called “mastercoin,” a “programmable money layer” that lets anyone create their own cryptocurrency.

By their calculation, they sold $6 million worth of software in 5 hours, when converting the mastercoins and bitcoins into U.S. dollars.

Read more: http://www.businessinsider.com/these-guys-are-creating-a-new-internet-2014-5#ixzz33TBZMgjw

Filed Under: Bitcoin, Crypto Currency, Start Ups, Technology

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

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Comments

  1. Joseph Peterson says

    June 2, 2014 at 4:01 pm

    Thanks for digging up articles like this one, Raymond.

    It’s a fascinating and ambitious project. No idea if it will catch on …

    From a domain industry angle, the most important sentence in the article is this one:

    “[T]he SAFE network does not use DNS (Domain Name System, the system that controls website addresses and URLs).”

    Read more: http://www.businessinsider.com/these-guys-are-creating-a-new-internet-2014-5#ixzz33VuuMSKY


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