Privacy Protection with Blockchain-powered Decentralized VPN Network

Sep 22, 2017 at 17:00 // News
Guest Author

The one urgent thing that worries today's world more than ever is privacy protection and security measures against the leak of sensitive information. Each one of us occasionally shares sensitive information via the Internet, be it our names with photos, our addresses or identification documents (e.g. to open an online bank account you have to send your scanned documents for verification). Mostly, we do not even realise the risks we are undertaking. Almost every day we read in the media about a company that has had a data leak, and these include giant companies such as Yahoo.

Nobody knows the damage it could do in the future, as the internet is now full of sensitive information. Some people have already learned to use tools like TOR or VPN clients to try and combat this. The statistics here speak clearly, and the growth in the use of encrypted Internet access grows every year at two-digit rates.

It's not just about protecting our data, which should make us nervous. Giants such as Google and Facebook admit that collecting data about users is very important to them. With it they can create targeted ad campaigns, but that's not all. The goal is also to create patterns of consumer behaviour, to create predictions for different groups of people and, last but not least, to monitor our habits. With a little exaggeration, we could say that their goal is to know what, when and where we want to buy before we start thinking about it. Encrypting our movement and communication in an Internet environment is a good way to protect our privacy.

Unfortunately, with current VPN clients, the data security issue is not completely resolved. This is because our VPN service providers still have access to our data and data centres where VPN servers are located. Thanks to new blockchain-based technology, we are introducing new possibilities to solve this security breach. The solution is called ‘decentralized P2P VPN’. 

One such project is led by a Lithuanian team and is called Mysterium network. Developers want to create their own VPN network where their users will either be bandwidth providers or VPN customers. Those who provide their bandwidth network will be rewarded by a token called Myst. Conversely, those who use the VPN encryption network will pay the providers for the aforementioned tokens. The team of developers have a successful ICO and are now working hard to meet its goals in time.

Recently, the team has been strengthened and we can expect early news from the Mysterium network. In recent days, the price is growing due to these expectations.


Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.

Show comments(0 comments)