Blockchain startup Mysterium Foundation is building a decentralized Virtual Private Network (VPN) that anyone can use to connect securely and anonymously to the internet. There are numerous other VPNs already available today but most of them are not all that anonymous. While a VPN will indeed hide your online activity from your Internet Service Provider (ISP), you have to replace that privacy by giving similar information to your VPN provider.
Can you trust your VPN provider? Probably, but there have already been a few exceptions where VPN providers have taken your private information and web surfing habits and sold it to other companies. See http://bit.ly/2ptcHFY for information about one flagrant sale of personal information by a rogue VPN provider. We can assume there have been other, similar cases that were never publicized.
Most users are unaware that using a VPN simply moves their private data from centralized ISP’s into the hands of centralized VPN providers. One new proposal promises to close that security hole.
Mysterium promises to be a real alternative – an open source, decentralized and encrypted VPN solution with levels of privacy unmatched by centralized providers.
Robertas Visinskis, Founder of theMysterium Network, recently stated:
“Mysterium Network is specifically designed to combat this erosion of our privacy at a time when corporations, governments and other entities are becoming increasingly invasive in their surveillance tactics. The peer-to-peer platform will be completely Open Sourced — so no hidden code that can secretly do something you don’t want it to and no hidden or central servers secretly collecting your data.”
The Mysterium platform is also designed so that users who share their spare bandwidth to the network will be able to earn digital tokens in reward. The system will operate via a native MYST token that will be available through a crowdsale scheduled for the 30th of May.
Details may be found in a sponsored article (translation: a “sponsored article” is a form of paid advertising) at https://www.cryptocoinsnews.com/mysterium-blockchain-vpn. The article is short on details but promises to reveal much more on on May 30th at: https://mysterium.network.