Zug, Switzerland, Jan. 29, 2021 (GLOBE NEWSWIRE) — Main cryptocurrency change Bittrex International has listed MYST token by Mysterium Community, the Swiss-based Net 3.0 firm difficult the $30 billion VPN business with its next-generation web know-how. The challenge’s flagship product, Mysterium VPN (dVPN) constructed on Ethereum, already has greater than 100,000 downloads whereas nonetheless in BETA. Buying and selling of the MYST-BTC and MYST-USDT pairs opens at 10am PST on twenty eighth January.
The VPN market is estimated to achieve greater than $88 billion by 2027. With growing censorship and surveillance on-line, over 1 / 4 of the world’s web customers depend upon a VPN for day by day web entry. But the present market is an oligopoly, led by a handful of personal firms who’ve didn’t innovate. Operating on centralized servers, they’ll retailer logs of all their customers’ looking exercise. This represents a harmful threat to its customers, as these servers will be hacked and private information uncovered, as demonstrated by means of NordVPN’s breach in 2019.
“Every month we see extra circumstances of web shutdowns and hacks of our personal information. An everyday VPN is only a band-aid repair for what’s a deeply flawed infrastructural drawback. We all know the VPN business is damaged and ripe for the taking, so we’re rewiring the web from the within out, creating a brand new, safer layer of the web that can’t be switched off. And the MYST token ties all of it collectively,” says Jaro Šatkevič, head of Product at Mysterium.
Since 2017, the Mysterium staff has been rising an incentivised, world peer-to-peer node community to energy encrypted and censorship-resistant purposes, just like the Mysterium dVPN. Because of its decentralised structure, it’s technologically unattainable to log customers’ looking exercise or information. The open-source nature of the community additionally means initiatives akin to Portals can join their customers to Mysterium’s world node community, permitting them to pay by way of bank card.
MYST is the community’s reserve forex. As an alternative of paying a daily VPN service to unblock web sites and apps, customers pay friends (nodes) throughout the distributed community to hook up with their residential IP deal with. Customers pays with MYST and different main cryptocurrencies, akin to Bitcoin (BTC), whereas nodes simply earn MYST by the minute or hour.
“The MYST token does greater than switch worth within the community. It acts like digital gasoline, powering Mysterium’s varied capabilities and purposes, whereas conserving the community secure from issues like DDoS assaults. Like most different cryptocurrencies, MYST has helped forge new on-line communities, the place world networks like ours can simply share web sources with one another, akin to storage, computing energy and now privateness,” says Sharmini Ravindran, Head of Advertising of Mysterium Community.
Mysterium has additionally designed its personal distinctive P2P funds infrastructure, the Hermes protocol, to facilitate the community’s quick, nameless and censorship-resistant micropayments on a world scale.
Bittrex International will host a buying and selling competitors for his or her customers, making a gift of $15,000 in MYST tokens, beginning February 1st.
Extra details about the MYST token will be discovered at mysterium.community/token
Discover the dVPN and get early entry now earlier than the complete launch.
About Mysterium Community
An open supply, Swiss-based firm based in 2017, Mysterium is rewiring the web so it’s safe, free and accessible for all. Mysterium held a profitable token sale in 2017 by means of which it raised $18 million USD. Mysterium’s decentralised VPN is presently out there for Android, Mac and Home windows. Mysterium dVPN plugs into a world community of residential nodes, one of many quickest rising on-line communities decentralising the online. This open market permits anybody to lease their unused bandwidth and IP deal with with these in want, defending others in opposition to censorship, surveillance and cybercrime.
About Bittrex International
Bittrex International is an internationally trusted world cryptocurrency change owned by US-based digital buying and selling platform Bittrex. Bittrex is understood for its stringent itemizing course of, evaluating initiatives on their dedication to their mission assertion, innovation, underlying know-how, enterprise mannequin, and regulatory compliance.
The mix of a strict itemizing course of, quick transactions, army grade safety, and regulatory compliance have earned Bittrex International recognition as one of many world’s most reliable crypto exchanges.
Firm: Mysterium Community
E mail: firstname.lastname@example.org
Web site: https://mysterium.network/