‘I am tremendously excited with the extensive and successful completion of the beta testing and the launch of the VPN,’ said Sefton Fincham, president of Cloud Nine
Cloud Nine Web3 Technologies Inc has announced the initial release of its recently acquired Limitless Platform.
The Vancouver-based company, which is a leader in decentralized network and data storage technology, described the Limitless Platform as a hybrid distributed network designed to share the resources of its users. With the initial product being a virtual private network (VPN), where users trade their unused computing power for access to secure internet access and better privacy.
“Versions for most common devices such as Windows, Mac, Mobile and later Xbox/common network storage devices such as Synology NAS, are anticipated to be available in the coming days, and the company encourages users to try out the platform and provide feedback,” Cloud Nine wrote in a press release.
Following this initial startup period or ‘calibration’, the company said it plans to reward/compensate users for sharing resources with the platform through discounted service offerings such as data storage services.
The exact recognition rubric will be determined at a later time following the initial launch, and receipt of feedback.
As noted, this computational power could be used in an array of ways including; network and storage sharing, proof of stake cryptocurrency mining, movie rendering and content delivery networks.
According to Cloud Nine, infrastructure is one of the largest expenses of a software as a service company or a cloud provider, through democratizing it for the users, management believes it will save money for the company and for the platform’s users.
“I am tremendously excited with the extensive and successful completion of the beta testing and the launch of the VPN,” Sefton Fincham, president of Cloud Nine, said in a statement.
“The Limitless VPN provides users with private and secure internet access, while at the same time utilizing each user’s computing device to mine various cryptocurrencies,” Fincham added. “Blockchain enables the automation of trust, and the decentralization of data. As we build out the user base and network, we intend to launch additional services and technologies such as decentralized and private data storage offerings.”
Following user feedback and further upgrades, Cloud Nine intends to develop additional features for the Limitless Platform including a referral network, and the ability for users to trade networking (peer-to-peer) and decentralized storage.
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