Crypto Market

Decentralized VPN community Mysterium set to launch mainnet on Ethereum and Polygon » CryptoNinjas

Written by James Smith

After years of growth, the group of Mysterium Community, a decentralized VPN protocol & ecosystem, has introduced that on Monday, November twenty second it should launch its mainnet on each the Ethereum and Polygon mainnets. Throughout testnet, the Mysterium VPN app was downloaded 400,000 occasions, with over 114,000 month-to-month lively customers (MAU).

Mysterium is powered by a world peer-to-peer market. Customers flip their devices, akin to Raspberry Pis or computer systems into nodes, which act as miniature servers. These node runners can then promote their spare web assets to one another, akin to bandwidth and IP deal with. This creates a censorship-resistant layer of the web. At the moment, there’s 900TB of site visitors served every month and thousands and thousands of P2P micropayments going down within the community every day.

“Our community is already utilized by folks all around the world to bypass censorship, blackouts, and surveillance they expertise of their each day lives. However Web censorship is just anticipated to worsen in 2022. We have to undo many years of exploitative centralization and ensure our net infrastructure is proof against political and company management. It’s an thrilling time for the way forward for Web3, and now we have large plans to make the web really borderless. Extra particulars about our undertaking’s new route shall be shared subsequent week.”
– The Mysterium Network Team

Tokenomics 2.0: MYST Delegation Pool

In the course of the mainnet rollout, Mysterium may also be redesigning its tokenomics mannequin to assist new use instances and to maximise the decentralization of the community. Moreover, Mysterium shall be using the brand new IQ Protocol by PARSIQ to simplify funds for customers and node runners and plus add a staking mechanism that allows all community individuals to earn yield in a low-risk and safe method.

Node runners shall be required to stake tokens, locking them within the community. The beta model of the Mysterium delegation pool will allow token holders to stake MYST, and earn rewards in MYST. Sooner or later, rewards for each nodes and stakers may also be obtainable to be issued in DAI stablecoin.

Source link

About the author

James Smith

Leave a Comment