Mesh Networks - Why Cryptocurrencies will revolutionize the internet

Most of the focus that relates to cryptocurrencies is on the coins themselves. However, this is only half of the picture.

There is much more to how they operate underneath. This can benefit users more than cryptocurrency coins just being an investment opportunity. Now you can invest in a coin and a new type of network.

Behind all these cryptos is an underlying technology that they are built upon as most of the cryptocurrencies are only the payment system. A good example is a blockchain that Bitcoin works on.

It is the function of all the blocks to join together which then forms the chain and thus the open ledger where all information is stored without being centralized. The data is the network and is accessible from everywhere. Although this is groundbreaking technology, it has a drawback. It still runs on the current internet network.

Mesh Networks

When we take the current internet, it is controlled by major global ISP's, and they are pressured by governments to impose restrictions on each coming year. Mesh networks can take back this control and place back in the hands of the users.

This not only makes it easier for cryptocurrencies to remain safe, secure and private. It changes the whole structure and use of the internet as we know it. With each technology and the coins that run on them, there are slight differences in how they operate.

RightMesh

The new mesh network integrates with the Ethereum blockchain and gives each unique node and identity. These nodes can connect via Wi-Fi, Wi-Fi-Direct, and Bluetooth, or in simple terms every connection a mobile phone uses. It is then each phone becomes a node where the network is distributed through mobile devices where each connects, passes and shares information.

MaidSafe

This network MaidSafe (Massive Array of Internet Disks, Secure Access for Everyone.) is a decentralized infrastructure where developers can build decentralized applications.

The network is made up of end users who contribute excess computing power, storage, and bandwidth which aims to create a worldwide network mesh, or in the company’s own words "an autonomous system."

For security and integrity using this technology, data is broken into chunks (4 copies of each) and stored in many locations. None of these locations are known to anyone or anything apart from the application. If one chunk becomes unavailable, connected nodes are made aware, and a copy is created from the other fragments.

Safecoin is the one built in app that can be used to perform any payment or transaction. Value is added to the network and the miners (farmers) for their contribution to providing storage, bandwidth, etc.

Skywire

Being the frontrunner in mesh networking, you would expect something a little different. Moreover, this technology does not disappoint. It not only looks set to transform the internet as we know it comes with Skycoin which is an alternative to Bitcoin yet it is more related to Satoshi's original vision than BTC has become.

The mesh consists of nodes much as the above options, yet these are high-performance modules that the miners use to maintain the network. The coins themselves (SKY) require no mining and transactions can take place within seconds.

When users connect to Skywire, they become less reliant on the large ISP's who have become greedy and are beginning to bow to government pressures and enforce restrictions on users. Net neutrality is almost zero as is free speech.

Users can benefit from using this type of network as any contribution that is made, be it via the running of a dedicated high-performance node or in other ways. The system then becomes self-reliant, and any rogue nodes can be terminated. This allows for a reliable form of integrity and security.

The entire network becomes more eco-friendly as no extra power is consumed for coin mining, and no mining pools can be created which takes away the vision of decentralization.

Although the infrastructure is still in its infancy, it is gaining ground. The impact it will have shortly can revolutionize how we interact and how digital currencies will be used. There is no reliance on a public ledger, and the Obelisk algorithm makes sure the network retains full decentralization.

A New Internet

Although the current internet has gone through many stages and improvements, it is still the same old internet. As time changes so must the way, we interact, and as it stands, we are being dictated to what we can and can’t do which was not the intention.

Either of the options above will contribute to this new internet era which will go a long way in benefiting the end user. SKY is not built on one of the best mesh networking technologies it works with it to enhance the network.

SKY is a coin much like BTC yet with the power of Skywire-mesh it changes things dramatically. Even though there is a value associated with SKY and it can be traded, as it has not yet hit the mainstream it is probably the most undervalued cryptocurrency on the market.