New technology that can 'replace' internet

A new project has been launched that could replace the internet.

The ambitious project, Bitcloud, aims to provide services currently controlled byinternet service providers ( ISPs) and corporations. The project is based on the same methods used to mine bitcoins.

According to the BBC, individuals would perform tasks such as storing, routing and providing bandwidth, in return for payment.

The founders are searching for developers for the project, adding that they will start by decentralising the current internet, and then create a new internet to replace it.

According to the report, like bitcoin miners provide computing power and are rewarded for solving complex mathematical equations with the virtual currency, so individual net users would be rewarded based on how much bandwidth they contribute to the Bitcloud network.

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India to have 155 mn mobile Internet users by March: IAMAI

The number of users accessing the web on their mobile handsets in India is expected to reach 155 million by March this year, according to the Internet and Mobile Association of India (IAMAI).

This number is further expected to grow to 185 million by June, 2014.

"The number of mobile internet users is going to reach 155 million in India by the end of March 2014, and 185 million by June 2014, maintaining a quarter-on-quarter growth of 20 per cent," a report by IAMAI and IMRB International said.

At the end of December 2013, the number of mobile internet users stood at 130 million as against a userbase of 110 million in October 2013.

According to the report, the number of mobile Internet users in urban India is expected to grow from 103 million in December 2013 to 126 million in March 2014 and further touch 153 million by June.

Rural India, though accounting for the smaller share, is also expected to register strong growth to touch 32 million users (in June 2014) from 27 million in December 2013.

The report also found that the average revenue per user (ARPU) has dropped to Rs 387 from Rs 460 in 2012.

However, the percentage amount spent on mobile Internet has gone up to 45 per cent in 2013 from 43 per cent in the previous year.

Also, 35 per cent of the mobile Internet users are spending between Rs 100 and Rs 500 monthly on their phone expenses.

While nine per cent are believed to be spending over Rs 500, six per cent are spending less than Rs 100 every month, the report said.

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