• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Mozilla
Nexo

Mozilla Foundation: Bitcoin’s Technology Bolsters Internet Health

Antonio Madeira by Antonio Madeira
5 years ago
in Blockchain, Bitcoin, Bitcoin Technology, News, News teaser, Online Privacy
0
Advertisement

In its Internet Health Report 2017, the Mozilla Foundation points towards a more transparent and decentralized internet, in which the Bitcoin’s underlying technology the Blockchain will play a significant part.


What Makes a Healthy Internet?

Although we usually think of the internet as a global network that is open and equal to all, this is often not the case. Different countries apply different rules and restrictions, some of them enforcing them with methods like the ones applied with China’s Great Firewall.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Lack of openness also damages the internet itself as a global network. According to the Internet Health report 2017, the internet works because it’s open and distributed, just like Bitcoin.

2003_mofo_logo

The data was compiled to measure and compare the global health of the internet across the globe based on five different markers that Mozilla believes are the most relevant to determine the wellbeing of the World Wide Web. These markers are open innovation, digital inclusion, decentralization, privacy and security, and web literacy.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

“Bitcoin is based on the computing concept of the ‘blockchain.’ …No one person or system holds the entire ledger of transactions, and no one can falsify a transaction, because everyone in the network helps validate and run the database,” the report explains.

In short: ownership is decentralized, and security is bolstered.

Decentralization via ‘The Stuff That Powers Bitcoin’

Given its decentralized nature, the Bitcoin blockchain can become the open platform for creating globally accessible applications due to its open-access and decentralized nature. Simply put, the “internet of money” can be much more than just money for the internet.

The report reads:

Technologically, a new generation of software developers are dreaming up applications that build and reward decentralization. An example is peer-to-peer computer networks that employ ‘blockchains’ –– the stuff that powers the cryptocurrency Bitcoin – for transactions of money, goods and services. And maybe someday, an Internet that doesn’t require Web servers.

One example that’s based on Bitcoin’s underlying technology and doesn’t require servers is MaidSafe. The MaidSafe network allows users to create and host websites, store private data and share public data through a decentralized mesh network of computers that share their computing resources and are rewarded for doing so.

ihb.io

Traditional cloud storage platforms is another area that’s ripe for disruption and much-needed improvement. Files that are stored on these platforms are accessible to the hosts, they are subject to server downtime and are often a ‘honeypot’ target of hackers.

Blockchain-based platforms like Storj and Sia, for example, enable users to store data in a fully decentralized manner. Files are shredded, encrypted and stored on a network of computers making them inaccessible to others, even those that host parts of the file.

Global Access & Financial Inclusion

The report also notes that more than half of the world’s population still has no access to the internet. However, Bitcoin and the Blockchain can empower people who only have mobile web access to actually be a part of the global economy.

bitcoinist_mobile_access_mozilla

In fact, the infrastructure that has been built around Bitcoin can now help anyone with a mobile device to leapfrog traditional banking and access financial services online. Remittance apps, for example, powered by blockchain technology are now becoming increasingly commonplace to fill a void and serve the unbanked population.

Ethereum Also Mentioned by Mozilla

According to the report, the creation of Ethereum was also a major breakthrough for the Internet.  It allows people to interact with self-executing contracts that don’t rely on a central authority to be enforced, further empowering the people and reducing their dependence on middleman and financial institutions.

“Imagine banking systems, social networks and even public organizations that are completely autonomous, transparent and without individual ownership. No one lender could create a mortgage crisis. No government could shut down a service,” the report continues.

This dream is part of what motivates a new generation of software developers who are building on the success of the cryptocurrency Bitcoin to create broader applications for the underlying technology.

Do the interests of a healthy internet align with the features provided by Bitcoin and other blockchain-based platforms?


Images courtesy of blog.mozilla.org, Shutterstock, Mozilla foundation

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Antonio Madeira

Antonio Madeira

Related Posts

Sango, President Faustin-Archange Touadéra

The Central African Republic Unveils Sango Project, Disappoints The World

3 hours ago
Bitcoin

Bitcoin Legalization Pushed By Mexican Senator, Despite Central Bank’s Opposition

1 day ago
Oslo Freedom Forum, Lyn Alden screenshot

3 Lessons From The Oslo Freedom Forum: BTC Is Different – Neigut, Alden, Feinstein

1 day ago
Bitcoin

Bitcoin Funding Rate Turns Deep Red, Short Squeeze Soon?

2 days ago
Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

2 days ago
El Salvador

El Salvador, Unfazed By The Bear Market, Buys 80 Bitcoin – Will Others Do The Same?

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.