Bitfinex, Tether, and Hypercore launched Holepunch, a platform for building fully encrypted P2P apps, and introduced the first of them, the Keet video calling app.
Tether, Bitfinex and Hypercore Launch Holepunch 🕳️🥊 , a Platform for Building Fully Encrypted Peer-to-Peer Applications
Read more ⬇️https://t.co/RDxvLW9FRS
— Tether (@Tether_to) July 25, 2022
< p>«The free app uses peer-to-peer connections to provide real-time audio and video calls, chat, and file sharing. It is based on an innovative distributed technology stack»,” the statement said.
Keet gives users complete control over their data and communication channels without resorting to cloud software or external servers as intermediaries . A direct connection uses a cryptographic key pair for security.
«Web2 requires users to relinquish control over their data, leading to growing monopolies and growing privacy concerns. This is why Tether and Bitfinex have decided to participate in the development of Holepunch and Keet. We believe that freedom of choice, communication and finance are the lifeblood of the future, and anything that strengthens them deserves support,” said Paolo Ardoino, CTO of the companies.
The Holepunch protocol launched in alpha testing mode and is closed source. The developers are expected to open it by the end of 2022.
According to the statement, the platform does not rely on any blockchain, but the built-in payment API will work with the Lightning Network. By default, Holepunch also supports integration into USDT stablecoin applications.
Bitfinex and Tether provided funding for the project, Ardoino became director of strategy for the joint venture.
Recall that Bitfinex launched a P2P marketplace in 2020 Dazaar and the decentralized streaming service Dazaar Live based on the Hypercore protocol.
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