BelNet is the second DApp by the Beldex project that is building an ecosystem of privacy-preserving Web 3.0 applications.The layer 1 blockchain network is building a suite of privacy-preserving applications.
The third DApp built by the project, BelNet, launched on September 28, 2022 on PlayStore, Bankless Times learned from an exclusive press release.
BetNet doesn’t store IP data or location
BelNet is a decentralized VPN service similar to enterprise and corporate VPNs with one key difference. BelNet does not store information about the user’s IP address or location on centralized servers.
Full privacy and anonymity
Instead, it relies on Beldex network’s decentralized nodes to route incoming requests to their respective destination by using a custom developed onion routing protocol. Thus, Beldex provides complete end-to-end privacy and anonymity.
BelNet masks your IP address, physical location, and your identity. It is also highly resistant to sybil attacks as the Beldex network is currently supported by over 1000 active and distributed masternodes that route traffic from users.
Chairman of Beldex Mr. Afanddy Bin Hushni, an experienced finance and investment professional said, “The Beldex team constantly strives to develop applications that protect data rights and privacy, emphasize on security, and can scale at length so they can be adopted by the masses.
“That’s why we’ve come up with BelNet, an application that relies on a low latency onion router and reliably distributed nodes.”
BelNet is censorship-resistant and promotes free and fair internet for everyone regardless of their geographical location. This is of prime importance to advancing unbiased free speech and information.
BelNet will be especially of use to those who need it the most: journalists, refugees, ethnic minorities and marginalized communities, people residing in autocratic regimes, etc. It promotes digital and human rights everywhere.
Of course, BelNet, like any other VPN can also be used to privately surf the internet, unblock websites, or make an anonymous donation. BelNet is, in other words, an internet managed by the community.
Creating private domain names
BelNet, in addition to functioning as a peer-to-peer VPN, offers a decentralized unstoppable name service called the Beldex Namer Service (BNS) that has the TLD.bdx. Users could create their own private and unstoppable domain names like yourname.bdx.
BNS is unique and maps to your BelNet address which can be used to host unstoppable web applications, the MNApps.
Restoring online freedom
The Internet Freedom Index has been on the decline globally since 2019 in several countries, especially in Asia and Africa.
Only a handful of countries in the world are deemed free by Freedom House, a non-profit organization based in the U.S which conducts research and advocacy on democracy, digital and human rights, and political freedom.
Codeman Crypto, the CTO of Beldex, said, “With over half the world’s population restricted access to free Internet, decentralized censorship-free applications like BelNet are the need of the hour.
“BelNet is unbounded by borders, backed by sound technology and an active open-source community.”
Low-latency protocol supports high speeds
The Beldex team also has plans for the future of BelNet. Today’s VPNs & dVPNs are characterized by slow speeds that discourage users from utilizing them. BelNet inherently uses a low latency onion routing protocol that supports faster than normal speeds.
In the future, users could connect with exit node operators and would be able to access servers that support higher bandwidth for a fee levied in BDX.