Mysterium To Build Blockchain-based VPN for Secure, Private Internet Connection
Mysterium Network is announcing its token crowdsale scheduled for the 30th of May. Mysterium is building a decentralised Virtual Private Network (VPN) that anyone can use to connect securely and privately to the internet. The system is also designed so that users who share their spare bandwidth to the network will be able to earn digital currency in reward. The Mysterium platform will operate via its native MYST token, available through the crowdsale. Funds raised will be used to support development and the launch of the platform.
Until now the public have had to trust their private data to large centralized VPN providers. Now Mysterium will offer an alternative decentralised peer-to-peer (P2P) network that aims to take back power from big corporations. Mysterium acts as a distributed marketplace for the give and take of VPN services and is backed by secure Ethereum blockchain technology.
Internet privacy is under attack. Last month the U.S. reversed a set of important consumer protection rights allowing Internet Service Providers (ISPs) to track customer activity and sell that data to the highest bidder. According to the Electronic Frontier Foundation customers will now be subject to ‘new and invasive ways to track and deliver targeted ads to customers’. As a result the U.S. has seen a huge surge in demand for VPN’s as people seek to restore their privacy. Most users are unaware that they are simply moving their private data from centralised ISP’s into the hands of centralized VPN providers.
Mysterium offers a real alternative — a decentralised, open source and encrypted VPN solution with levels of privacy unmatched by centralized providers. The Mysterium platform is designed so that anyone with bandwidth to spare can join the network as a VPN node provider and earn MYST tokens in reward. To enable the system to scale, transactions will be handled through the platform’s own decentralised micropayment system called CORE.
The MYST token contribution opens on May 30th at 13:00 UTC. Funds raised will be used to support development and the launch of the platform.
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