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 trade 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 each day web entry. But the present market is an oligopoly, led by a handful of personal corporations who’ve did not innovate. Operating on centralized servers, they will retailer logs of all their customers’ looking exercise. This represents a harmful threat to its customers, as these servers could be hacked and private information uncovered, as demonstrated via NordVPN’s breach in 2019.
“Every month we see extra circumstances of web shutdowns and hacks of our non-public information. A daily VPN is only a band-aid repair for what’s a deeply flawed infrastructural drawback. We all know the VPN trade 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 group has been rising an incentivised, international 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 tasks similar to Portals can join their customers to Mysterium’s international node community, permitting them to pay by way of bank card.
MYST is the community’s reserve foreign money. As a substitute of paying an everyday VPN service to unblock web sites and apps, customers pay friends (nodes) inside the distributed community to connect with their residential IP tackle. Customers pays with MYST and different main cryptocurrencies, similar 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 numerous capabilities and purposes, whereas protecting the community protected from issues like DDoS assaults. Like most different cryptocurrencies, MYST has helped forge new on-line communities, the place international networks like ours can simply share web assets with one another, similar 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 could be discovered at mysterium.community/token
Discover the dVPN and get early entry now earlier than the total 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 via which it raised $18 million USD. Mysterium’s decentralised VPN is at the moment 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 tackle with these in want, defending others in opposition to censorship, surveillance and cybercrime.
About Bittrex International
Bittrex International is an internationally trusted international cryptocurrency change owned by US-based digital buying and selling platform Bittrex. Bittrex is thought for its stringent itemizing course of, evaluating tasks 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
Web site: https://mysterium.network/