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Tether, Bitfinex aim at building the next internet with P2P app Keet
Posted on: Jul 25, 2022

Tether and Bitfinex CTO Paolo Ardoino has announced the launch of Keet, a blockchain-based P2P video chat app, as the first in a series of P2P applications.

The app will run on the Holepunch platform, which uses distributed technology to connect users via text, call, or video.

The technique is known as “Distributed Holepunching,” and it allows users to locate and connect to each other using only cryptographic key pairs after authorization.

Tether Operations, Bitfinex, and Hypercore – a developer of peer-to-peer, scalable, and cryptographically sound distributed systems – collaborated to create Keet, which the press release describes as “the first in a series of peer-to-peer applications that will put control back in the hands of individuals.” Ardoino stated:

“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…

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, andss anything that will enhance those freedoms is worth amplifying.”

Paulo Ardoino, the chief technology officer of Tether, has been named the chief strategy officer of Keet, demonstrating the organization’s commitment to the initiative at the highest levels.

One could consider the Holepunch platform an effort to develop anything else than web3. A new P2P internet might be made possible by the P2P platform.

The Keet app is the first program to be made available on the Holepunch platform, and it is comparable to the Piped Piper app from the popular TV program Silicon Valley.

The announcement does, however, pave the way for a ton of brand-new Holepunch applications in the future. CEO of Holepunch Inc. Mathias Buus said:

“Rather than relaying communications through a singular server, the way that most of today’s virtual communications apps do, Holepunch is an open network of computers that can be used by peers to discover each other.”


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