How does it work?
Every person that buys internet using Bitcoin connects to a BitMesh Wi-Fi connection close to them, which is provided by a client and functions by using the BitMesh app. The app also manages direct payments between parties, where the party who wants to buy internet specifies how much internet he/she wants to use and pay accordingly or, just pay afterwards for the amount of internet used. The Bitcoin server also measures the amount of internet used and the amount of internet remaining with a captive portal.
Another big perk is that clients do not have to purchase any fancy tech equipment. They can just use their current smartphones and/or routers to provide their fellow man with internet. It can be compared with other Bitcoin platforms, eg JoyStream, where users paid Bitcoin amounts for network activities such as leeching torrents, as well as platforms like Skype Wi-Fi.
Currently, there are a few Silicon Valley Investors very much interested in investing in the current prototype. This is a big step ahead, since, even though investors familiar with Bitcoin type investments, the Bitcoin concept can rapidly expand if tycoons from other computer fields start showing interest and put their money where their mouths are. At the moment Boost VC, a huge Bitcoin venture capital firm, incubates BitMesh. Among other interested investors, is the security expert and host of the podcast series, “Let’s talk Bitcoin,” Andreas, M Antonopolous, who describes BitMesh as “amazing,” emphasizing that people have been waiting for this development for a long time.
For more information visit https://bitmesh.network/