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

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Blockchain startup Mysterium Foundation 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 tokens in reward. The Mysterium platform will operate via its native MYST token, available through a crowdsale launching on 30th of May.

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 – an open source, decentralised and encrypted VPN solution with levels of privacy unmatched by centralized providers.

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. 
-Robertas Visinskis, Founder, Mysterium Network

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 pre-sale opens on May 30th at 13:00 UTC. Funds raised will be used to support development and the launch of the platform.

For more information visit: https://mysterium.network

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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