Megaupload Ltd was a Hong Kong–based online company established in 2005 that ran online services related to file storage and viewing, including megaupload.com. (Photo : YouTube/ ElctronicElation)

Since controversial German entrepreneur Kim Dotcom teased the new Megaupload 2.0 platform , he has now revealed that the file-sharing site will link all its file transfers with Bitcoin transactions.



This information follows the previous series of announcements by Dotcom last month, where he took to Twitter confirming that he was already working on new ventures, which included Bitcache and Meganet. Despite the details of the new platforms not being mentioned, readers could constitute that Bitcache would be a network that enabled users to pay for files through Bitcoin transactions.




The Bitcoin community seems excited about MU2 / Bitcache.@BankToTheFuture and I are working on a limited share offer.



Stay tuned :)

— Kim Dotcom (@KimDotcom) August 5, 2016







According to The Merkle, Dotcom's announcement of having an association with Bitcoin raised questions from his followers. Users claimed that the services would be undermined by Bitcoin as they had a record of delaying transactions through its block size problems.



However, Dotcom affirmed that Bitcache would be a problem solver. His specific response was that the cache would eradicate all limitations associated with the block chain.



Megaupload 2.0 will reportedly elevate the performance of encryption, decentralization, and anonymity. According to Dotcom, the site will become a nightmare for personalities that would want to censor, as well as mass surveil it.



Through its cloud storage features, Megaupload 2.0 will also enable developers to build open projects of their own. This will be accelerated and supported by the site's cloud features.



What is more, Dotcom revealed that it would enable users to share their files by connecting to their domains and that it would not incur any charges. It would, thus, be a free, white labelled platform which he hoped would turn into the best alternative for users while replacing platforms such as Azure.



Dotcom advised his followers on purchasing Bitcoins while they were easily affordable. He predicted that the prices would go up to a four digit number of not below $2000 by 2017, Torrent Freak reported.



With the new Megaupload 2.0 platform expected to launch on Jan. 20, 2017, users hope to find some truth in Dotcom's statement as they wait for the regeneration of Megaupload's services.



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