🚀 |ANN| MYSTERIUM NETWORK - Decentralized VPN built on blockchain |MYST|

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Hello everyone!

Mysterium Network To Build Blockchain-based VPN for Secure, Anonymous Internet Connection

Mysterium is building a decentralised Virtual Private Network (VPN) that anyone can use to connect securely and anonymously 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 decentralized, 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 sale opens on May 30th at 13:00 UTC. Funds raised will be used to support development and the launch of the platform.

Visit our website: https://mysterium.network

UPDATE: MVP PRODUCT DEMO

We are happy to announce that our MVP demo is launched. We are inviting early community to test out our MVP - https://mvp.mysterium.network.

You can download Node (Ubuntu version) and Client here - https://mvp.mysterium.network/downloads
Also, Client is also available for everyone who wants to test running nodes. As of today, we have already 16 nodes running.

Please check also MVP demo product Bounty information, https://mvp.mysterium.network/bounty
we will be launching from next week bounty program for Node running.

If you want to contribute with feedback, please use our Github https://github.com/MysteriumNetwork
or you can join our slack http://slack.mysterium.network/
Channel #mvp for all MVP demo questions and discussions.

UPDATE

Mysterium Network explainer video - Quest to reclaim our privacy!

UPDATE

Mysterium Releases Whitepaper Showcasing Ethereum-based Decentralised VPN

Mysterium have released their whitepaper showcasing a new model for a blockchain-based virtual private network (VPN). Mysterium is developing the first fully decentralised and distributed VPN in an effort to safeguard online privacy. The whitepaper, released for comment today, outlines their vision for a global peer to peer network that combats the risk of cybercrime.

The internet today is neither open nor private. Large corporate entities are increasingly self-proclaimed gatekeepers of the web causing it to operate as a centralised service. The problem with this trend is that we are now subjects of wide-scale data harvesting. There are big economic benefits to be gained from selling browsing data, but invasive online surveillance tactics are putting our security at risk.
Mysterium is tackling the problem with a new vision for a fully decentralised VPN service that puts users privacy first.

The whitepaper outlines a protocol that is designed to ‘dissolve’ users data through a process of shredding, encrypting and sending it deep into the Network. The Mysterium platform is designed to provide this security layer on demand, whether browsing at home or in a public WiFi hotspot. Mysterium can also be used to protect sensitive data against cybercrime for example, in healthcare, BFSI and telecommunications industries.

So how does it work? Mysterium pools computing power to create a distributed network of nodes. Nodes are then made available to those needing secure VPN connections on demand. Users who share their excess bandwidth to the network can earn MYST tokens in reward. MYST is the native token of the Mysterium network operating as an access and permissions token. An inbuilt trading platform called CORE will manage the give and take of services on the network through a proof of contribution protocol.

According to MarketResearchFuture the global VPN market is expected to reach $106 billion by the end of 2022 with cybersecurity as a ‘major driving factor’. With it’s mission to provide privacy to all Internet users Mysterium are bringing cybersecurity into sharp focus. The Mysterium team firmly believes in a future where users are protected from being subjects of corporate and government interests. Mysterium will be a key platform to powering this future with the highest levels of transparency, resiliency and security.

Mysterium launches the crowdsale of it’s MYST tokens on 30th May, 13:00 UTC.

Link to whitepaper - https://mysterium.network/whitepaper.pdf

Visit our website https://mysterium.network
Join our Slack community: http://slack.mysterium.network/
Our Telegram group: https://t.me/mysterium_network
Follow us on Twitter — https://twitter.com/MysteriumNet