CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Tether and Bitfinex To Launch Keet App

Published on:

Tether and Bitfinex to launch the Keet application.  Holepunch, a fully encrypted platform for building peer-to-peer applications, announced today the alpha launch of a fully encrypted video calling application called Keet

KEET APP INFRASTRUCTURE

The free video calling app utilizes peer-to-peer connections to facilitate real-time audio/video calls, text chat, and file sharing. It is powered by an innovative stack of distributed technology. Including DHT distributed databases, whereby users can find and connect to each other to form a swarm, on real-world home and office networks.

This technique is called Distributed Holepunching and allows users to locate and connect to each other using only cryptographic key pairs upon authorization.

BACKING THE PROJECT

Backed by Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform Tether that powers the first and most widely used stablecoin, Bitfinex, the state-of-the-art digital token trading platform, and Hypercore, a developer of peer-to-peer, scalable, and cryptographically sound distributed systems. Moreover, Holepunch was founded to unlock global communications and empower freedom of speech, access to information, and combat censorship around the world.

HOW DOES IT WORK

Allowing users to be in control of their own data and communication channels is fundamental to breaking free from technology monopolies. Funding provides by Tether and Bitfinex, and Paolo Ardoino has been appointed as Chief Strategy Officer.

Furthermore, Keet is the first in a series of peer-to-peer applications that will put control back in the hands of individuals. It is an entirely free video calling app that utilizes peer-to-peer connections. In order to facilitate communication while eliminating the risks of a central point of failure and overreliance on third-party platforms.

Unlike traditional video chat apps which use cloud-based software or outside servers as intermediaries to connect two or more people, Keet users can initiate a call directly to another individual’s computer. This allows for video chatting to take place without a central server or company operating the network.

STATEMENT FROM THE FOUNDERS

“Web1 was the original form of the internet. It was designs to distribute information and knowledge on a global scale but it didn’t come without issues. Web2 improved upon many of the user experience roadblocks of Web1. Centered around social media, it made content creation, sharing, and consumption seamless but not without one major flaw. Web2 requires users to give up control of their data, which has led to the rise of monopolies and growing privacy concerns. That is why Tether and Bitfinex chose to participate in the development of Holepunch and Keet. It believes that freedom of choice, communication, and finances are the lifeblood of the future, and anything that will enhance those freedoms is worth amplifying.”—Paolo Ardoino CTO of Tether and Bitfinex & CSO of Holepunch

Holepunch protocol remains close until it completes alpha testing. It will then move to open source code in Q4 of 2022. In addition, the platform will not rely on any blockchain. But the built-in payments API will run, operate, and empowers by the Lightning Network. Tether tokens also support the default micropayments system for businesses that want to build products on Holepunch.

“Rather than relaying communications through a singular server, the way that most of today’s virtual communications apps do, Holepunch is an open network of computers that can be use by peers to discover each other. Having been heavily involve in the P2P and Node.js ecosystems for the last 10 years, I am a big believer in open source and the role that it will play in liberating communication channels for billions of people around the world. This technology will enable Keet and the Holepunch platform to become the most unstoppable communication application, and we are thrilled to finally introduce it to the world.” —  Mathias Buus, CEO of Holepunch Inc. 

ABOUT KEET

Keet only shares end-to-end encrypted data between participants in your calls. Without middlemen, third parties, or servers, there’s nobody left who can snoop or leak data.

Website | Twitter

ABOUT Tether

Tether founded by a group of Bitcoin enthusiasts and early adopters. Passionate about facilitating the use of fiat currencies in a digital manner. In 2014, the company launched Tether. It also aims at disrupting the conventional financial system with a more modern approach to money.

Website | Twitter

ABOUT Bitfinex

Bitfinex’s mission is to give our users the ultimate cryptocurrency trading experience.  Bitfinex strives to achieve it by providing its users with state-of-the-art trading tools. Innovative technology, and unparalleled levels of customer service.

Website | Twitter

RESOURCES

Tether.to

REQUEST AN ARTICLE

Related

Market Stats:
BTC Dominance: 40.11%(+0.09%/24h)
ETH Dominance: 20.15%(-0.14%/24h)
Defi Market Cap: $49.5B(+16.25%/24h)
Total Market Cap: $1146.6B(-1.17%/24h)
Total Trading Volume 24h: $77.51B(+30.91%/24h)
ETH Market Cap: $228.08B
Defi to ETH Ratio: 21.7%
Defi Dominance: 4.12%
Altcoin Market Cap: $686.71B
Altcoin Volume 24h: $43.72B
Total Cryptocurrencies: 20582
Active Cryptocurrencies: 9991
Active Market Pairs: 62044
Active Exchanges: 508
Total Exchanges: 1707