Decentralized VPN Gaining Steam At 100,000 Users Worldwide (#GotBitcoin?)
Tachyon, a blockchain-based ecosystem built with the help of proof-of-stake creator, Sunny King, already has 100,000 entities using its VPN. Decentralized VPN Gaining Steam At 100,000 Users Worldwide
Blockchain-based ecosystem, Tachyon, has a decentralized virtual private network, or VPN, hosting 100,000 users as of April, according to V Systems chief architect, Sunny King.
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“Tachyon has started open pilot testing,” King told Cointelegraph in an April 25 email. “Features are introduced step-by-step,” he said, adding:
“I’m delighted that Tachyon VPN has just reached 100,000 users globally this month and I believe that eventually it would enable a vibrant VPN service marketplace for the world.”
Tachyon And V Systems Go Hand In Hand
Pseudonymous proof-of-stake, or PoS, creator Sunny King is the chief architect for a blockchain infrastructure outfit called V Systems. King helped Tachyon get off the ground during its early days. “Tachyon is the first major V System enabled ecosystem project,” King said.
In general, standard VPN’s let users surf the web without exposing their location, calling on various networks to mask a user’s true IP address — the information gathered about each computer’s location and activity.
“Tachyon is designed as a VPN services marketplace,” King explained. “It creates the necessary infrastructure for service providers and users to participate in a highly decentralized VPN marketplace.”
The Endeavor’s Team Holds Prior VPN Expertise
With team members holding significant prior knowledge and background in the VPN world, Tachyon looks to harness decentralized tech for higher levels of privacy and security, King said.
V Systems looks to grow blockchain’s capabilities using cloud and database technology, King said. Tachyon appreciates this outlook, constructing its solution on top of V Systems’ blockchain and jointly working with the outfit.
“The V Systems team including myself have provided and continues to provide blockchain infrastructure and technology services and solutions for Tachyon,” King included.
Tachyon first released its whitepaper to the public back in September 2019. Blockchain itself has also come a long way since Bitcoin’s creation roughly a decade ago, and is gaining more mainstream adoption by the day.
Orchid Labs CEO Says New VPN Seeks To Enhance Privacy Rights
U.S.-based company launched a VPN app for iOS users after witnessing a surge in VPN services demand across the world.
On July 9, peer-to-peer bandwidth market company, Orchid, announced the official launch of its crypto-enabled VPN app in the Apple App Store. This move comes after the company witnessed a record-breaking demand for VPN services across the world.
iOS users will now be able to use Orchid Network’s services amid the current fight against government surveillance in places like Dubai, China, and Hong Kong.
One of the major features of Orchid’s VPN is that bandwidth providers are compensated with Orchid’s own digital token, OXT.
Strengthening Users’ Internet Privacy
Speaking with Cointelegraph, Dr. Steven Waterhouse, the CEO of Orchid Labs, went into details about the major motivations behind the expansion of Orchid VPN services across more platforms:
“Orchid’s mission is to enhance the global human right to internet privacy. Orchid has been available to the crypto industry for some time, so the launch of the app is really about bringing privacy to a wider audience. The app even allows for users to make in-app purchases of the crypto-backed credits needed to access the network, so it’s no longer required for users to bring their own OXT (although they still can).”
OXT Token Usage In The Platform
Dr. Waterhouse clarifies that with their latest iOS release, users don’t have to buy OXT on an exchange in order to use Orchid. Instead, they can simply download the Orchid app in the Apple App Store and buy credits for in-app purchases.
Orchid Lab’s CEO Also Added:
“Orchid users can now use Apple Pay to purchase the OXT-backed credits needed to access bandwidth. Having our own digital asset we can create incentives for our community to grow as well as solve technical hurdles like nanopayments.”
Looking ahead, the Orchid team told Cointelegraph that they will be focused on bringing the app to more people around the world:
“We are growing our communities globally and have expanded our reach with listings on Coinbase, Gemini, OKEx, Bittrex, Kraken, CoinDCX, MXC and others.”
Tachyon VPN Reaches 1 Million Users In Just Six Months
The app is among the top 5 most popular DApps in the world and it is available for both Android, iOS, and macOS users.
Tachyon Protocol, a blockchain-based network set up by proof-of-stake creator Sunny King, reported its decentralized virtual private network, or VPN, reached 1 million users worldwide last week after only six months.
The VPN has seen tremendous growth since May when Cointelegraph reported it reached 100,000 users.
According to the website, Tachyon VPN allows users to bypass internet activity restrictions. It provides many features such as a P2P network without central nodes, multi-path routing to prevent single-point attacks, protocol simulation to disguise traffic in transit and free access to Facebook, Netflix, Spotify, and other platforms.
About Tachyon Protocol
Tachyon VPN is part of the Tachyon Protocol project that includes applications such as the internet of things, decentralized finance (DeFi), storage in addition to other applications. The goal of the Tachyon Protocol project is to provide secure, secure, and private internet for users.
According to the website, technologies such as distributed has table (DHT), blockchain, user datagram protocol (UDP), and encryption were used to build the project.
Tachyon Protocol (IPX) has ranked among the top 100 cryptocurrencies on CoinMarketCap with a $23 million market cap. IPX, the native token of Tachyon Protocol, is based on v.systems blockchain with 1 Billion total supply. IPX has been listed on global exchanges like Bithumb, HitBTC, Hotbit, and OceanEx.
Tachyon released its white paper last year.
Sentinel’s Decentralized VPN Protocol Launches On Cosmos Mainnet
App developers can utilize the Sentinel Network to access Sentinel’s bandwidth marketplace for dVPN applications.
The Sentinel Network, a decentralized p2p bandwidth marketplace that supports the Sentinel dVPN application, is now live on the Cosmos mainnet.
“Sentinel is the first project that focuses on offering privacy at the network level to any blockchain or dApp,” said Dan Edlebeck, co-founder of Exidio, which contributed to development of the Sentinel dVPN protocol. “Once integrated, these blockchains or applications will be able to provide their users with both privacy and censorship resistance. Simply, the purpose of the Sentinel ecosystem is to empower universal access to the internet in a trusted and provable manner.”
Sentinel Network allows anyone to be able to sell their bandwidth on its marketplace. Developers can utilize the Sentinel Protocol, built with Cosmos SDK, to build applications, both public and private, that use the Sentinel Network’s bandwidth marketplace for dVPN applications.
Users will be able to sell their bandwidth to power the Sentinel Network and be rewarded in $SENT for doing so. As Sentinel’s testnet was originally built on Ethereum, a token swap will be launched Saturday to convert holders’ ERC-20 $SENT tokens to Sentinel’s native Cosmos-based $DVPN. $DVPN will be used to secure the network, participate in on-chain governance, pay node holders and rent bandwidth.
In February, Sentinel completed a $3.5M strategic capital raise.
dVPN vs VPN
Generally, a virtual private network (VPN) lets its users create a secure connection to another network. It is often used to access restricted websites and content, shield browsing activity from public WiFi and provide a degree of anonymity by hiding locations.
VPN applications mask a user’s IP address, which is like a fingerprint of your device. VPNs generally help obfuscate that fingerprint. A VPN server will create an encrypted tunnel for your internet traffic that shields it from governments, ISPs and others.
Some governments block certain websites, like Google or Wikipedia, based on geo-fencing, which means they can block it for people within different geographic regions. VPNs help evade this by letting people connect to servers in areas outside of the geo-fenced one.
As Top 10 VPN has regularly reported, nearly three-quarters of free VPNs on the market have some level of vulnerability, share or expose customer data, or even contain malware.
A decentralized VPN (dVPN) takes these privacy measures a few steps further in that it can’t be compromised by a central actor or shut down by shutting down the company or server running it. In this way, it’s more resilient than a centralized VPN.
Additionally, since all the code is open sourced, there isn’t a need to trust a third party – users can just check themselves.
The initial focus of the Sentinel ecosystem is to provide a framework for the construction of dVPNs, according to Peter Mancuso, COO of Exidio.
“Whether the purpose is to access restricted content or to increase the security of their transmission of data over the internet, individuals all over the world are demanding these types of security measures.”
As Freedom House notes in their latest annual Freedom of the Net report, the pandemic is “accelerating a dramatic decline in global internet freedom.” For the tenth year in a row, users of the internet have “experienced an overall deterioration in their rights, and the phenomenon is contributing to a broader crisis for democracy worldwide.”
Users of Sentinel use it for everything from browsing Netflix to limiting surveillance of their IP address, and stopping Internet Service Providers (ISPs) from logging their data and selling it. “More extreme use cases relate to people in MENA using the platform to engage in pro-democracy movements, or simply organising against the will of an authoritarian government,” said Edlebeck.
Sentinel has been used by Iraqi activists, for example, as an alternative to centralized VPNs, which can be hacked.
Sentinel enables end-to-end encryption between users and the servers they’re accessing, all with open-source transparency. The dVPN protocol has a “system of bandwidth provability,” which lets the person provide their bandwidth in exchange for some agreed-upon compensation from the user.
Sentinel gathers no logs pertaining to the user’s browsing or data history and uses a robust relay network with exit nodes (where the encrypted traffic hits the normal internet) whose ownership is distributed across many participating nodes, so users’ identities cannot be identified. Traditionally, exit nodes can be monitored to observe network traffic and potentially identify users.
That being said, using a dVPN doesn’t mean you will ultimately stay fully anonymous. The ever-lurking user error, downloading malware and other factors could compromise anonymity.
“Importantly, ISPs could be ordered by a particular government to turn the internet off completely,” said Mancuso. “While this sounds drastic, this is certainly possible and has happened in the past. However, technology such as Starlink, developed by Elon Musk’s SpaceX, will literally beam the internet from space. Combining such a solution with Sentinel could prove to be a massive win for an individual’s sovereign right to security and importantly, privacy, when using the internet.”
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JPMorgan Will Pilot ‘JPM Coin’ Stablecoin By End Of 2019: Report (#GotBitcoin?)
Is There A Big Short In Bitcoin? (#GotBitcoin?)
Coinbase Hit With Outage As Bitcoin Price Drops $1.8K In 15 Minutes
Samourai Wallet Releases Privacy-Enhancing CoinJoin Feature (#GotBitcoin?)
There Are Now More Than 5,000 Bitcoin ATMs Around The World (#GotBitcoin?)
You Can Now Get Bitcoin Rewards When Booking At Hotels.Com (#GotBitcoin?)
North America’s Largest Solar Bitcoin Mining Farm Coming To California (#GotBitcoin?)
Bitcoin On Track For Best Second Quarter Price Gain On Record (#GotBitcoin?)
Bitcoin Hash Rate Climbs To New Record High Boosting Network Security (#GotBitcoin?)
Bitcoin Exceeds 1Million Active Addresses While Coinbase Custodies $1.3B In Assets
Why Bitcoin’s Price Suddenly Surged Back $5K (#GotBitcoin?)
Bitcoin’s Lightning Comes To Apple Smartwatches With New App (#GotBitcoin?)
E-Trade To Offer Crypto Trading (#GotBitcoin)
US Rapper Lil Pump Starts Accepting Bitcoin Via Lightning Network On Merchandise Store (#GotBitcoin?)
Bitfinex Used Tether Reserves To Mask Missing $850 Million, Probe Finds (#GotBitcoin?)
21-Year-Old Jailed For 10 Years After Stealing $7.5M In Crypto By Hacking Cell Phones (#GotBitcoin?)
You Can Now Shop With Bitcoin On Amazon Using Lightning (#GotBitcoin?)
Afghanistan, Tunisia To Issue Sovereign Bonds In Bitcoin, Bright Future Ahead (#GotBitcoin?)
Crypto Faithful Say Blockchain Can Remake Securities Market Machinery (#GotBitcoin?)
Disney In Talks To Acquire The Owner Of Crypto Exchanges Bitstamp And Korbit (#GotBitcoin?)
Crypto Exchange Gemini Rolls Out Native Wallet Support For SegWit Bitcoin Addresses (#GotBitcoin?)
Binance Delists Bitcoin SV, CEO Calls Craig Wright A ‘Fraud’ (#GotBitcoin?)
Bitcoin Outperforms Nasdaq 100, S&P 500, Grows Whopping 37% In 2019 (#GotBitcoin?)
Bitcoin Passes A Milestone 400 Million Transactions (#GotBitcoin?)
Future Returns: Why Investors May Want To Consider Bitcoin Now (#GotBitcoin?)
Next Bitcoin Core Release To Finally Connect Hardware Wallets To Full Nodes (#GotBitcoin?)
Major Crypto-Currency Exchanges Use Lloyd’s Of London, A Registered Insurance Broker (#GotBitcoin?)
How Bitcoin Can Prevent Fraud And Chargebacks (#GotBitcoin?)
Why Bitcoin’s Price Suddenly Surged Back $5K (#GotBitcoin?)
Zebpay Becomes First Exchange To Add Lightning Payments For All Users (#GotBitcoin?)
Coinbase’s New Customer Incentive: Interest Payments, With A Crypto Twist (#GotBitcoin?)
The Best Bitcoin Debit (Cashback) Cards Of 2019 (#GotBitcoin?)
Real Estate Brokerages Now Accepting Bitcoin (#GotBitcoin?)
Ernst & Young Introduces Tax Tool For Reporting Cryptocurrencies (#GotBitcoin?)
Recession Is Looming, or Not. Here’s How To Know (#GotBitcoin?)
How Will Bitcoin Behave During A Recession? (#GotBitcoin?)
Many U.S. Financial Officers Think a Recession Will Hit Next Year (#GotBitcoin?)
Definite Signs of An Imminent Recession (#GotBitcoin?)
What A Recession Could Mean for Women’s Unemployment (#GotBitcoin?)
Investors Run Out of Options As Bitcoin, Stocks, Bonds, Oil Cave To Recession Fears (#GotBitcoin?)
Goldman Is Looking To Reduce “Marcus” Lending Goal On Credit (Recession) Caution (#GotBitcoin?)
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