Internxt is a decentralized version of the internet. The company is preparing for its ICO later this year. Find out everything you need to know about Internxt today in our review.
What Is Internxt?
Internxt, found online at Internxt.io, is a decentralized internet that promises to offer distributed files, apps, and websites in a more secure, private, and efficient cloud.
We think of today’s internet as a modern, high-tech invention. However, it’s highly-centralized. Files and servers are stored in central locations. Private files are stored in single locations, making them an easy and tempting target for hackers. Your intimate photos and files are stored by a private corporation in an unknown state. Some companies encrypt their files and keep them behind highly-secure infrastructure. Other companies leave your credit card information unencrypted in a notepad file.
Internxt proposes a better system. In a decentralized internet, files would get split into pieces, encrypted, and sent to different servers using peer-to-peer technology. The internet would be owned by people instead of corporations. No single person or corporation would have exclusive power over the internet or its files.
Internxt is preparing to launch in 2018. The company’s ICO is scheduled for the beginning of September.
How Does Internxt Work?
With Internxt’s decentralized internet system, the internet is split into different parts. The parts are sent to decentralized servers through a peer-to-peer environment. Users who host an Internxt server will receive a reward in the form of Internxt’s own cryptocurrency. Neither the users nor Internxt will be able to access these files because they’re encrypted and distributed.
There’s one major security benefit of Internxt: there’s no centralized target for hackers to attack. Even if a hacker was able to bypass the security on an Internxt host, that hacker would only be able to steal a small bit of encrypted information – like a fraction of a credit card number, or half of an email address. It would be virtually impossible for hackers to retrieve the entire file, as they wouldn’t know which servers held the other fragments of that file (in addition to the layers of encryption, of course).
The first goal of Internxt is to create decentralized websites, apps, and files – all of which currently run in a centralized environment. The company’s main goal is to bring their technology to everyday people – so they’re going to focus on building an easy UI and a competitive pricing structure so that anyone can access the platform, regardless of their technical experience.
Who’s Behind Internxt?
Internxt was founded and is currently owned and managed by Fran Villalba Segarra.
Prior to creating Internxt, Segarra had been working in management at a large online multinational company. He also created smaller internet projects in the past.
Segarra is helped by a large team of developers. The team is hoping to launch Internxt in 2018.
Internxt plans to implement all of the following features into its decentralized internet platform when it launches in 2018:
Websites And Applications
Today’s websites and apps are centralized. Internxt plans to use OpenShift technology to build decentralized versions of websites and apps. Decentralized websites could be created with SFTP and SSH, and browsable from any ordinary web browser.
Secure Massive Scale Object Storage (dCDN)
Object storage solutions were proposed during the early days of the internet, in the early 1990s. “Object” typically refers to a file and all its metadata, which is bundled together to form an object. Internxt would enable the creation of P2P self-managed, shared and secure storage for storage networks, moving lower-level functionalities like space management into the storage device itself, accessing the device through a standard object interface. Internxt actually has a system in place to prevent illegal files from being hosted on its network.
Here’s how the whitepaper explains it:
“Internxt would run an algorithm to ensure that only legal files are being hosted on the network. Unlike traditional providers, Internxt is private and does not make any use of the user information. In the decentralized file hosting solution, Internxt would run scans to ensure that these securely and privately hosted files do not contain any illegal activity.”
Internxt plans to offer two different solutions related to how smartphones (iOS and Android) store user data. One solution allows users to backup app data onto a decentralized server, while the second solution allows developers to use a service like Parse in a decentralized way (Parse is used for rapid development oriented services for easily storing mobile application data).
Internxt Serverless Framework Solution
A “serverless” application is an application that depends significantly upon third party applications or cloud services to manage server-side logic and state. Internxt will allow users to deploy applications or websites onto the internet while utilizing their serverless solution.
Control Tower Application
Internxt will have a Control Tower application that allows users to monitor and control everything related to the Internxt platform. Users can get a clear view of the files hosted on the Internxt network.
Internxt plans to provide 24/7 support to users. That support will include an AI chatbot as well as 24/7 live support with specialized agents. They also plan to implement phone support.
The Internxt ICO
Internxt has scheduled their ICO for September 7 at 7PM GMT. The ICO is scheduled to end on September 28, or whenever 50,000,000 tokens are sold. Throughout the ICO, 1 ETH will buy you 500 tokens (note: according to a tweet on August 10, the total number of tokens sold during the ICO will be 45 million, and they’ll be set at a price of 1 ETH = 300 INXT tokens).
Internxt isn’t accepting small investors or investments: the minimum investment during the ICO is 500 ETH (max cap is set to 150,000 ETH).
Internxt is a decentralized version of the internet that aims to fix many of the problems with today’s internet. It’s an ambitious project that is scheduled to launch in 2018, with an ICO scheduled for the beginning of September. Full technical details can be seen in the Internxt whitepaper.