MYSTERIUM - Decentralised VPN on the Blockchain by kevinwong

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crypto-watch · @kevinwong · (edited)
$217.21
MYSTERIUM - Decentralised VPN on the Blockchain
<center>![](https://steemitimages.com/DQmYqpsCHoZCtQzR1RsBZHLKrooit73q3CmK7eGF4FcpkFP/image.png)</center>

There's another new addition to my project watchlist called Mysterium with a Phase-1 ICO happening at the end of May. It didn't seem all that interesting to me at first because I assumed right away that not many people care about VPNs. But I've reconsidered it and went through the whitepaper after @lpfaust's advice to do so. Indeed now I think the project has potential since it could begin operating as a *gateway* into the new Internet.

In my opinion, the cryptoeconomics of this project seems to be quite feasible as it can penetrate and decentralise already existing VPN services out there. Plus, the performance of a decentralised VPN marketplace isn't quite on the same playing field as the likes of iEx.ec and Golem where advances in cheaper and faster computations are merciless, cost-competitive. In fact, I think decentralised computing networks such as those are going to enable VPN provision much easier for anyone participating in the Mysterium network.

Keeping it short, here are two excerpts taken out of their comprehensive whitepaper:-
>*Mysterium aims to be fully decentralized, peer to peer based and serverless node network, designed to provide privacy restoring techniques to its users and financial incentivization to its node operators (providers). Mysterium achieves this goal by utilizing already existing technologies such as Ethereum blockchain, smart contracts advancing their features with state-channels and evolving mechanisms of promises, combined with censorship evasion protocols developed by the community acting as applications of the network.*

<center>![](https://steemitimages.com/DQmWMjAHz49XzT3bW8sSe5FyzK4J199KfS8P5aPMJAJnVCM/image.png)</center>

# Further reading
- Whitepaper: https://mysterium.network/whitepaper.pdf
- Website: https://mysterium.network

---

# Upcoming ICOs on the watchlist
- https://eos.io (ICO / distro unclear)
- https://aragon.one
- https://bancor.network
- https://basicattentiontoken.org/
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 235 others
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vote details (299)
@jeff001 · (edited)
$0.13
Sounds interesting. Pity its only Linux at this stage, do you know if there will be plans for other OS's?
👍  
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@kevinwong · 
:)
![](https://steemitimages.com/DQmdnZXhndV6vDuXT3AcDdhEVKmyZXYo3pXxQCAVGuR2DZt/image.png)
👍  
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@jeff001 · 
I'll check back in June.
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@silvia · 
Thank you very much for sharing interesting information
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@kevinwong · 
Np @silvia
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@lucashunter ·
$0.31
With the recent global ransomeware cyber attack, people online are beginning to look into Cyber Security where VPN comes in. I am going to get this coin. 

https://media.giphy.com/media/Z6ozPzOyEIaB2/giphy.gif
👍  ,
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vote details (2)
@kevinwong · 
First of all - don't simply click on everything on the internet! Lol but yeah i think mysterium is a good part-of-the-solution :)
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@lucashunter · 
The ransomware attacks a whole node. So even if a computer on that network didn't click anything but another computer on the same network clicks, the whole network is affected. But still, your advice is the best way to stay safe online <b>"don't simply click on everything on the internet! ". </b>

I am reading the whitepaper now.. Thanks for sharing @kevinwong
👍  
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vote details (1)
@justtryme90 ·
$0.31
Who is mysterion? 

https://media3.giphy.com/media/l0Hly85hghNiPF12o/giphy.gif

...eer mysterium
👍  
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@kevinwong · 
The name rocks.. token name MYST. Must buy just because of the winning name.. lol
👍  
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@justtryme90 · 
It does have a sweet name yeah :D
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@cqf ·
$0.04
I am really interested in this technology.
👍  
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vote details (1)
@jimy74 · 
Nice post :D
Me too I watch this ICO.
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@kevinwong · 
Any other ICOs you're keeping track ?
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@jimy74 · (edited)
$0.26
Aragon too look like nice. And BAT.
But mysterium is for me a safe ICO and I will save to buy some. 
Aragon I think I will buy some tomorrow because it's look like a good layer for Ethereum.

If you want we can set up a mutual follow together. I will be glad to share with you. I already resteemed you ;)
👍  
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@yogi.artist ·
$0.31
Yep, this has been on my watchlist too, since it was announced. 

Keeping my eyes on this one!
👍  
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@kevinwong · 
I really hope Ethereum works out with its scalability.. and projects have to have fallback plans easily porting to other networks..
👍  
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@yogi.artist ·
$0.17
I agree, just as SJCX is moving across from XCP to ETH, the most scalable, versatile , economical, efficient, versatile and secure blockchain will attract the most promising projects. 

Have you been looking at Tezos at all?
👍  
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@richguy · 
Please how can we participate in this ICO?
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@kevinwong · 
Subscribe on mysterium.network :) should be the common Ethereum smart contract ICO method..
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@ash ·
$0.31
yup, that's on my radar too. I will invest in it
👍  
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vote details (1)
@kevinwong · 
My confidence in it has already doubled :)
👍  
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vote details (1)
@doctors · 
Quite interested in this idea, a decentralised VPN would have a high adoption rate and long ongoing usage.

What's the plan for the ICO? Is there anything laid out? How exactly would it work?

Do we exchange BTC or ETH for MYST tokens? Do we need to set up wallets beforehand? It'd be much appreciated if someone could lay out how it would all work?
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@kyriacos ·
$0.13
I don't see how it is any different than golem
👍  
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vote details (1)
@kevinwong · 
GNT will be for something like AWS's EC2 and Lambda services. The Mysterium protocol is focused specifically for decentralising VPN services
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@kyriacos ·
$0.17
I am trying to be cautious with all these icos. Way too many and I don't want to spend my Eth carelessly. I am already pretty thin-spread across the board :)
👍  
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vote details (1)
@happyphoenix ·
$0.17
After read this I think to reconsider to learn more about cryptocurrency. ...a..ha..ha.. ! :)
👍  
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vote details (1)
@kevinwong · 
Please do.. it's becoming big :)
properties (22)
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@somesteamer ·
$0.22
This really does look interesting i might get a few coins of these.
👍  
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@kevinwong · 
It is :) happy shopping lol
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@alanfreestone · 
Yes, this one is on my watchlist too. This & the Basic Attention Token.
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@team101 · 
Very interesting post!
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@lpfaust ·
$0.55
@kevinwong thanks for the mention. I generally try to stay away from ICOs, but I think this one has tremendous potential and a nice sized target market to serve.

I share your concerns about the Ethereum blockchain scaling issue.  I'm curious to see what the solution they present as more and more applications  build on top of it.
👍  
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@kevinwong · 
I think they'll manage.. more than enough marketcap to pour enough resources into figuring out hte solution..
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@theodosis63 · 
Nice post !!
👍  
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vote details (1)
@gotoperson · 
Thank you for the good information.
I am interested in the ICO you mentioned.
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@madelinesanchez · 
Interesting blog.  Interesting to see I'm not the only one that is thinking about this. The crypto market: High risk high gains!. That doesn't mean that a gain is guaranteed though. There's simply no guarantee in anything in life and especially not in a high risk market.  This is quite an interesting website I found:  https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis.
properties (22)
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@katyapolutina · 
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88049
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