Megaupload was one of the world's largest file sharing sites before the FBI shut down. The famous web site will probably be sharper since managed to secure a fairly high level of funding for Megaupload 2.0.
The finance campaign has managed to reach the minimum investment target of 918.611 euros before it expires at 24 October 2016, with a total investment volume of 1.060.354 €.
Of course behind Megaupload 2.0 is the demon Kim Dotcom, and it aims (once again) to revolutionize file sharing. Bitcache Limited, the company behind the program, promises to provide the technology needed to "share files securely, away from prying eyes."
From a technical point of view, Bitcache is a micro-transaction service that uses Bitcoin and Blockchain. Why Bitcoins on File Sharing Pages?
Megaupload 2.0 users will get a Bitcoin wallet automatically by signing up for the service, which will use the Bitcache for transactions.
It is currently unclear whether users will have to pay for each transaction they make, and how much it will cost them.
Ideas for the future of Bitcache show, however, that the system could be expanded for streaming video, news publications, circulation or micro-payments.
The Bitcache team plans to release Megaupload 2,0 in January of 2017. Its success depends, to a great extent, on how the system works, whether it will require all users to have money in their wallets, or whether there will be free choices available.
If all transactions (download, upload, or streaming) require funds, then it is very likely that Megaupload 2.0 does not catch the popularity of Megaupload or Mega.