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Sounds like a less shady version of Freenet.

In a way, it also was created by people who contributed to developing Internet and is NSF founded. The head behind it is Van Jacobson[1] who was responsible for implementing congestion control in TCP/IP also creator of popular tools such as traceroute.

Unlike FreeNet it was designated that while it can work as an overlay network it is actually capable to run without TCP/IP so it could even replace it.

Also unlike FreeNet it's not trying to obscure who is hosting the content. Basically you get a prefix (which looks like unix file path) which you start advertising to neighboring routers (like IP is advertised in TCP/IP) so then all requests under it (as long as no cached version is available anywhere) will be forwarded to you.

[1] https://en.wikipedia.org/wiki/Van_Jacobson

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