Wificoin Lets You Buy Hotspot Access When You Can't Get Public Wifi
Alyson Wyers — September 27, 2017 — Business
References: wifico.in & techcrunch
This P2P wireless Internet venture allows you to purchase hotspot access with cryptocurrency. Wificoin is a blockchain-powered project out of the TechCrunch Disrupt SF 2017 Hackathon that lets you "join any Wificoin hotspot to start using the Internet, or mine Wificoin (WIF) by hosting a node on your router."
New users receive 100 Wificoin when they try to join, which they can use to buy hotspot access. You can use Bitcoin or Ethereum to buy more Wificoin if you need more than 1 megabyte of Internet, or install the software on a router you own to earn Wificoin yourself when someone else uses it. According to TechCrunch this enables Wificoin to grow its presence internationally and make money at the same time.
New users receive 100 Wificoin when they try to join, which they can use to buy hotspot access. You can use Bitcoin or Ethereum to buy more Wificoin if you need more than 1 megabyte of Internet, or install the software on a router you own to earn Wificoin yourself when someone else uses it. According to TechCrunch this enables Wificoin to grow its presence internationally and make money at the same time.
Trend Themes
1. Cryptocurrency-powered Hotspot Access - Wificoin is disrupting the traditional model of public wifi by offering a P2P wireless Internet venture that allows users to purchase hotspot access with cryptocurrency.
2. Decentralized Internet Sharing - Wificoin allows users to host nodes on their routers to mine Wificoin and earn cryptocurrency by sharing their internet access with others.
3. Blockchain-enabled Wireless Networks - Wificoin's use of blockchain technology enables secure, transparent and decentralized dissemination of internet resources.
Industry Implications
1. Wireless Telecommunications - Wificoin has the potential to transform the wireless telecommunications industry by enabling a more equitable and decentralized distribution of wireless resources.
2. Cryptocurrency - Wificoin is tapping into the cryptocurrency industry by allowing users to purchase hotspot access using Bitcoin or Ethereum.
3. Internet of Things (iot) - Wificoin enables the growth of IoT networks by allowing devices to seamlessly and securely connect to wireless networks using blockchain technology.
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