Blockchain

Tether Creates a Peer-to-Peer Video App Named Keet

Keet is the first application to launch from Holepunch, a collective platform created by Tether, Bitfinex, and Hypecore.

Blockchain

Tether Creates a Peer-to-Peer Video App Named Keet

Keet is the first application to launch from Holepunch, a collective platform created by Tether, Bitfinex, and Hypecore.

Tether has launched a new peer-to-peer (p2p) video conferencing app named Keet. It is the first product to be launched by the collective platform Holepunch, which was created by Tether, Bitfinex, and Hypecore to produce encrypted P2P applications.

Keet is unique in that it allows users to interact and share audio and video media directly with each other without the need for a central server or a company to operate the network.

By using a network of computers (DHT) to communicate, users each create and announce a public cryptographic key. With this network of keys, when authorized by the user, others can join and connect directly to the host’s computer — this is called “distributed holepunching.”

With no middleman or host server, the platform is said to be more private and secure than other video applications on the market. One of its biggest strengths is that users on Keet can send files as large as a terabyte and have them almost instantly show up on the other user’s computer.

“Web1 was the original form of the internet. It was designed 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,” said Tether and Bitfinex CTO & Holepunch CSO Paolo Ardoino, adding that “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.”

The platform also has plans to release P2P payments through Tether and the Lightning network with more information to come soon.

In other news, Ledger launches its own NFT marketplace and a limited edition Nano X hardware wallet.

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