BitTorrent inventor Bram Cohen plans to launch a new cryptocurrency that he claims will addresses some of bitcoin’s problems, according to a published report and his interview on TorrentFreak’s Steal This Show.

Cohen is a programmer whose BitTorrent was designed to distribute large files for those without huge bandwidth and its attendant infrastructure. The software is popular with those who trade movies and other bandwidth-intensive files, much to the consternation of copyright holders.

The planned cryptocurrency will emphasize storage over processing power. Cohen claimed he would devote himself full-time to the cryptocurrency project after finishing a current project.