What Is Internxt (INXT)?

Internxt (INXT) is a Peer-To-Peer (P2P) cloud computing network that permits users from all over the globe to create a decentralized internet. Users trade the resources of their machines to those looking to host their data in a more private, secure and efficient way. Internxt aims to make an intuitive technology user-friendly similar to the one from already existing services.

As per its whitepaper, there is a growing demand for more aspects of the modern internet to be decentralized. The desire for more decentralized systems comes from concerns regarding mass surveillance over the web and the security of the files on the cloud. Internxt helps shape a new, secure, private and efficient internet using blockchain and decentralized technology. Furthermore, the existing cloud services are relatively easy to access by hackers trying to retrieve someone's files. To tackle this problem, Internxt introduced the Internxt drive service, a zero-knowledge cloud storage service based on privacy and security.

Some of the Internxt's cloud service features are:

• It's simple- The service is intuitive and is used efficiently by clubbing with the traditional cloud platform at a similar price range. The service helps users make a seamless transition to new technology.

• It's fast- The network's algorithm lowers the latency and improves performance so that the cloud's speed is at par with the traditional provider.

• It's serverless- Internxt makes use of a serverless architecture, which allows users to have all the benefits of a P2P network and pay only for the resources they consume.

• It's affordable- The cloud service not only offers better scalability and output, but also delivers low prices.

INXT tokens are issued according to the ERC20 Ethereum standard. INXT token is used as a payment method for the services provided on Internxt. The tokens are also used to test the current technology internally. The tokens serve the objective of fundraising technology development.

History of Internxt

The founder of Internxt is Fran Villalba Segarra. The platform was launched in 2020. INXT token has a maximum supply of 1.12 million tokens.