Category

updates

Say Hello to The New Mysterium Node Windows Installer

windows installer

We’re on a mission to make running a Mysterium Node as effortless and enjoyable as possible. 

For every Windows user out there, we’ve just released a new installer which sets up your node in a matter of minutes. You can check out these steps below. 

What does the installer actually do?

  1. It checks that your computer meets the requirements for running a node.
  2. If it does, it will install and launch the software, including Docker for Desktop and the Mysterium Node image.
  3. It will configure the autorun of Docker Desktop and container (required for Docker Desktop to start).
  4. It checks for new Node upgrades, and enables the software to upgrade automatically.
  5. It allows you to enable or disable the Mysterium Node container.

What new features & functionalities does this introduce? 

  • You no longer need to install or start Docker Desktop manually.
  • You don’t need to configure or upgrade your Node container manually.
  • You can enable/disable Node service in-app.
  • You can open Node UI in-app.

There are only 3 steps to get you started:

 

1. Enable Virtualization Extensions in the BIOS and in Virtual Machine (if one is used): VT-x / EPT / IOMMU or SVM for AMD-based systems.

2. Download and open myst-launcher-amd64.exe (or myst-launcher-testnet3-amd64.exe for the Pre-Mainnet version). *Please note that a system restart might be required by the Windows Node Installer.

3. Finish the installation process and complete your onboarding by opening Node UI page and claiming your node. *Please note that still you need to log into your desktop session (required for Docker Desktop to start).

Time to Earn Bounties

Once your node is successfully set up, you’ll start powering Mysterium’s decentralised VPN, available for AndroidMac and Windows. 

To qualify for Mysterium bounties, you need to meet some minimum requirements and rank on our leaderboard.

Earnings are based on your region, how stable your node is, and the amount of bandwidth and time you can contribute to the network. The more users who connect to your node, the higher your earning potential. You can learn more about our bounty program here.

You’ll also be able to track your earnings in your personal dashboard, MyMysteriumNetwork.

If you are interested in joining the network, or have any questions, jump into our discord channel or Telegram and speak directly with our core team.

 

Introducing $MYST Tokenomics 2.0, powered by the IQ Protocol

PARSIQ IQ Protocol

Like most decentralised projects, tokenomics has always played a crucial role in Mysterium Network. 

Our utility token MYST is the reserve currency of our peer-to-peer bandwidth marketplace. Designed to fight internet censorship, it powers various applications like the Mysterium VPN, enabling trustless and anonymous payments between nodes and users.

Now we’re working on a new tokenomics model that will help us scale the network, introducing the beneficial components of decentralised finance (DeFi). DeFi has been the reigning champion of blockchain technology, but we believe there’s a valuable opportunity to leverage P2P protocols beyond finance alone. 

Our Tokenomics 2.0 model will create new opportunities for both node runners and token holders, who can put their funds to work through staking to earn rewards.

The engine behind our new tokenomics model was designed by PARSIQ. The team recently revealed their newly developed IQ Protocol, and Mysterium is the first project to integrate it.

What is the IQ Protocol?

The IQ Protocol is a groundbreaking solution that brings Mysterium Tokenomics 2.0 to life.

It was developed by PARSIQ, a next-generation blockchain analytics platform that connects blockchain activity to off-chain applications and devices.

The IQ Protocol is the world’s first “risk-free, collateral-less DeFi protocol to tokenize SaaS subscriptions”.

This innovation brings the power of DeFi to traditional services by facilitating a subscription model for blockchain projects. It also removes the requirement of upfront collateral, mitigating the typical risks associated with DeFi participation.

The IQ Protocol is the brainchild of Anatoly Ressin, PARSIQ’s Chief Architect, with creative backing from PARSIQ’s CTO Alan Durnev along with a dedicated team of developers and additional outside assistance. 

Mysterium also contributed to the development of the Protocol, building its Golang Software Development Kit and by participating in early discussions on math models behind its core functionalities. Launching with the IQ Protocol is a monitoring solution, giving users the right to provide services through MYST ownership or delegation. It also allows the protocol to track the distribution of tokens among node runners using Mysterium’s Hermes payment protocol.

How are we using the IQ Protocol in Tokenomics 2.0?

By integrating the IQ Protocol into our existing tokenomics framework, we can create a circular economy model in which node runners and MYST token holders can reap the benefits of staking.

This will happen via the Mysterium Delegation Pool, where holders can simply deposit their funds to earn rewards.

The IQ Protocol is designed to provide a completely risk-free environment for Mysterium delegators and renters (more on these new roles below).

Our Hermes smart contracts will be updated to work directly with the IQ Protocol pool, guaranteeing a non-custodial fee redistribution. This limits the risk usually associated with a typical lending platform or liquidity pool, such as risk of liquidation or risk of impermanent loss.

Furthermore, the IQ Protocol enables the integration of stablecoin payments within the network, helping to maintain price stability for dVPN services.

Mysterium’s current tokenomics model

 

To realise the impact of the IQ Protocol on our new tokenomics system, it’s important to understand our current limitations as a network;

1. Price stability for dVPN services

In our current iteration of tokenomics, dVPN consumers top up their accounts with a range of cryptocurrencies, including Bitcoin, Litecoin, Dai and Ether. These are converted into $MYST under the hood, and then paid out to node runners. While this crypto-agnostic option invites a range of blockchain communities to access the dVPN, it also leads to frequent price fluctuations. Users are therefore unable to accurately predict how much crypto they need in their accounts. 

Additionally, node runners who receive their earnings in MYST are also affected by price fluctuations.

2. Skin in the game

Currently, MYST token holders are only able to earn rewards by contributing funds to liquidity pools on certain DEXes, such as Uniswap and QuickSwap. While these incentives both grow and reward our community, liquidity providers must own the risk of impermanent loss. 

The new world of Tokenomics 2.0

What new benefits and opportunities will the IQ Protocol introduce?

1) DAI stablecoin as Payment

To eliminate the negative effect of cryptocurrency fluctuations for both dVPN users and node runners, we are introducing the DAI stablecoin as a means of payment in the peer-to-peer network.

dVPN users can also continue to pay with a range of other cryptocurrencies, while node runners will only receive their earnings in DAI.

 

2) Node runners stake MYST to earn 


All node runners will need to stake MYST in the network in order to provide dVPN services. The amount of DAI that can be earned depends on the amount of MYST at stake, which is proportional to the desired value of their daily rewards. The formula for this is 1 MYST = 0.01 DAI.

The more at stake, the higher a node runner’s earning potential. In this way, the MYST token becomes a life-time subscription to Mysterium Network. 

Here’s an example of how this will work: 

Alice would like to earn 10 DAI per day by running a Mysterium node. To do this, she will need to stake 1,000 MYST in the network. Alice’s earnings will be capped at 10 DAI / day. Once 10 DAI has been earned, Alice’s node will no longer be discoverable for that particular day. However, she can always stake additional MYST tokens to continue providing a service, and consequently increase her earning ability. 

3. MYST yield for token holders

To support token holders, there will be an opportunity to earn rewards by having a stake in the network. These MYST tokens will be taken out of the market and “frozen” in the Mysterium Delegation Pool.

The Delegation Pool is particularly useful for node runners who can’t buy and stake MYST in the network, as they will be able to “rent” tokens from the Pool.

MYST holders can delegate (rent) their tokens for a predefined time to node runners – for a fee. This will function similarly to a daily or monthly subscription, and where the magic of the IQ Protocol really kicks in.

Here’s an example:

Alice does not have 1,000 MYST, but she’d still like to earn 10 DAI / day by running a Mysterium node. Instead of using an exchange like Bittrex or Uniswap, Alice can rent 1,000 MYST from the MYST delegation pool. To do this, Alice simply pays 0.3 DAI / day* to the MYST token holder.

*This number is dynamic and subject to change depending on the size and duration of the delegation alongside the availability of liquidity in the delegation pool and other factors. 

 

The introduction of the Mysterium Delegation Pool creates a new revenue stream for all MYST token holders. By depositing MYST into the pool, token holders will be able to earn passive income similarly to other DeFi protocols, such as Compound or Aave.

The rewards that each participant receives will fluctuate based on the size of the pool and network activity. The more users, the more rewards that can be earned by exit nodes and token delegators.

 

Interested in how the IQ Protocol is going to transform Mysterium Network? Check out our Tokenomics 2.0 explainer video.

What’s next?

We’re still some months away from the launch of Tokenomics 2.0. We’re deep in development mode, collaborating with PARSIQ to ensure a flawless integration and a new system that is as seamless and enjoyable as our latest dVPN app.

First we’ll be bringing mainnet to Mysterium, which also kicks off the expansion of our ecosystem as a breeding ground for Web 3.0 innovation

Until then, our Pre-Mainnet network upgrade is kicking off in the next week, which introduces seven new features including free registrations, easy withdrawals and flexible bounty payouts.

We’ll be releasing more tokenomics news and updates in the coming months, so join your channel of choice to get the latest updates. 

Start running a Mysterium node today. Learn more about the MYST token.

Revealing Mysterium’s new VPN App for Mobile & Desktop

decentralized VPN

Time to Ghost the Internet Like it’s your EX

 

What’s better than a VPN? 

A decentralised one that can do all of this:

We’re excited to share with you our shiny new interface for Android, Windows and Mac. The Mysterium VPN app is now packed with industry-first features and an even easier onboarding process.

In the past, decentralised apps (dapps) have been terribly clunky and confusing. We’re introducing a new benchmark for decentralised apps (and VPNs in general 🙂 

We now have over 64,000 Monthly Active Users (MAU). In theory, this would place us in the Top Ten most used Ethereum dapps. However, as we’re still on testnet, we can’t compete in the dapp rankings officially. We’re sure by the time we hit mainnet, we’ll be even higher up that list…

Nothing has changed under the hood. Our users can still rely on our fast-growing network, now over 1,600 nodes strong. That’s double the number of users selling their bandwidth in just a few months. Our community makes over 3 million micropayment transactions every day, completely peer-to-peer. 

    Learn more about  our uniquely developed micropayment system.

We’ve had 200,000 downloads since the beginning of 2021 alone. In an industry dominated by DeFi platforms, Mysterium is proving that P2P protocols can impact our lives beyond finance – starting with the internet itself.

What’s new with Mysterium’s dVPN

As a P2P decentralised network, Mysterium is powered by the very people who use it. Our new interface and user experience is simple and sophisticated, giving you as much freedom and choice as possible.

More choice with Easy Node Management

Don’t waste time searching for good connections. Filter nodes based on speed, connection quality, price, or location. Then you can save your preferred filters to the My Custom Filters tab.

Find specialist nodes

Find nodes that are perfect for your specific needs, such as streaming media, browsing the web, or torrenting. Just click on the tabs in the Manual Connect section to find optimized nodes by category.

Customise and save your favourites

You’re now able to create a personal list of your favourite nodes, so you can come back to them later and reconnect whenever you want. Access them from the Favourites menu.

Check your balance

Easily manage and keep an eye on your account balance. With our estimation tool, you’ll know exactly how much credit you have left in terms of data download volume, number of songs, hours of online video or standard web browsing. 

Plus, check out your session history and other key statistics to understand your VPN habits and needs over time.

Top up with your favourite crypto

All crypto communities are invited to join Mysterium’s mission for total online anonymity. We don’t lock you into one specific crypto token, so you can top up your account with popular cryptocurrencies including Bitcoin, Litecoin, Dai, and Ether. Simply choose your cryptocurrency and top up with a QR code, or use a generated payment link. 

Auto kill switch

If you lose your connection to a node, your browsing data will not be leaked. Your app will automatically try to reconnect to the previous node, and if it’s unavailable, the app will suggest another node for you to choose. During this process, your internet connection is in standby mode, so you can either cancel it or connect again.

Manage Your DNS Settings

Set up a custom DNS. Configure this on the Settings page or let the auto-setting handle that for you.

Import your crypto address

Mysterium enables a private key backup and import feature, which means you can swiftly move your account from one device to another.

Support is On Hand

Find an issue? Help us out by reporting it to our dev team and we’ll sort it out as quickly as possible. Or, if you need a hand figuring out our apps out, we’re here during business hours to help. Drop your message on the Get help page and you’ll get a reply in-app or via your email.

Is our crypto VPN the game changer you’ve been looking for?

As an incredibly niche but exciting type of technology, dapps can be tricky to use at first. That’s why we’ve designed these features and flow with every kind of user in mind, whether they’re crypto newbies or long-time enthusiasts. 

With your help, we’re making ancient VPNs a thing of the past. 

And for the stuff you already know…

Get started in seconds – no email, no bank cards, no contracts

Mysterium dVPN has no subscription model, meaning you don’t ever have to make a monthly (or annual) payment. Instead, we opt for pay-as-you-go: switch it on when you’re ready to use it and off again once your session is done. You’ll only pay for what you actually use, whether it be by the megabyte or by the minute (even less than one cent!)

To keep your costs low, you won’t have to put up any kind of minimum buy-in.

You also don’t need to provide us with your email address or complete an account sign-up. We’ve got your anonymity covered with no contracts or identifying information.

Crypto and VPNs are the perfect pair; censorship-resistant and untraceable, you’ll only ever pay for your privacy the truly anonymous way. You can also choose from all kinds of popular crypto, including Bitcoin, Litecoin, Dai, and Ether.

Best of the best

You know when VPNs say they have a strict ‘no logs’ policy? They may or may not be telling the truth, but you’ll really never know.

In our case, it’s impossible for us to keep logs of users’ traffic or browsing data. Because we have decentralized infrastructure (no central servers), it is literally impossible for anyone to log your traffic, so you’ll never leave a paper trail. 

Our stack is also loaded with WireGuard and OpenVPN protocols, so your connections will be ultra-fast and ultra-secure.

And because our code has been open-source since day one, we don’t have to make any promises – all our claims can be verified by you. Just stop by our GitHub any time. 

Some other bits and pieces we’re excited to share with you..

 

Tesnet V3 and mainnet

It’s on the way! Testnet 3.0 is coming, where we’ll have completed our integration with Polygon (formerly Matic), making payments faster and cheaper. 

This will be shortly followed by our release on mainnet. 

Fighting The Great Firewall

The Mysterium dVPN is working in China, helping users there get past The Great Firewall. We’ve been getting some great feedback from our people letting us know how we’ve helped them scale that wall and access the open internet.

Take a look at our dApp today

We’re sure you’ll love the changes we’ve made, so find the download links for Android, Mac and Windows here.

If you’re interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Why Mysterium Champions Open-Source Software

open source web

In the past, great ideas were hoarded.

People spent an incredible amount of time and resources protecting their intellectual property from “thought thieves”. An idea was born, and kept safely hidden from the world until slapped with a patent.

But ideas are not a finite resource that should be locked away. When ideas are left to grow in the dark, they cannot flourish.

While profits may be available in the short term, inhibiting widespread access to unique insights and original code can kill our potential for future growth – not just for inidividual projects but for industries at large.

Luckily, the internet has changed things for the better.

In the show “Devs”, employees of a tech giant were contracted to take proprietary secrets to the grave.

What is Open-Source Technology?

Open-source means that the source code is available for the world to see. Anyone is free to use, modify, fork and redistribute the project’s code as they like.

The original protocols, software and languages which make up the internet have always been openly shared and freely distributed. This is what enabled the web to scale and innovate very quickly.

Today, 99% of commerical codebases contain at least some open-source components, with open-source comprising 70% of code overall.

Today, open-source represents a philosophy. The core principle is collaboration, which has become an ingrained behaviour in the technology community.

The movement encourages programmers and teams to find new ways to solve problems in their communities and industries. In this way, developers build on each other’s strengths to deliver the best product or find the most elegant solution possible.

Before the internet, most companies believed that they had to keep their work secret to be competitive. Many of the most successful technology companies today wouldn’t exist without others building on their ideas.

Those less familar with technology may wonder how a company can make money if their source code is available for anyone to download. There is certainly a time and place for proprietary code, but many companies find that allowing access makes their product better.

Having access to the Google source code doesn’t mean you have the means or capability to build a rival search engine. But it’s nice to know how it’s done, so you can feed off others’ thinking and approach.

It’s also better for the ecosystem as a whole. Overall, innovation is driven forward at a quicker pace and with limitless creativity.

Tim Berners-Lee, founding father of the internet, sadly believes that powerful corporations today have become gatekeepers of such innovation.

Berners-Lee has spent much of his career challenging this concentration of control, instead “championing information sharing, openness and personal empowerment online.” He notes that the web really took off after Red Hat brought Linux, the open-source operating system, into corporate data centers.

“If you want to go quickly, go alone. If you want to go far, go together.” – African Proverb

The Benefits of Open-Source Technology

There are some key reasons why projects may open-source their code, or have in-house programs dedicated to open-soure initiatives;

🔍 Peer-reviewed security & transparency

Giving skilled developers across the world access to source code helps exploit weaknesses and security vulnerabilities autonomously. Bitwarden is one example. It’s considered one of the most secure password managers online. Allowing public access to Bitwarden’s source code exposes any security flaws. The application is much more secure because thousands of people all over the world are able to scrutanize and detect issues. If Bitwarden was only being tested by a small group of programmers, it would be much less secure.

🤝 Community support & reliability

The community-building component of open-source software is one of its biggest advantages. Good ideas attract the best talent on earth. Many companies that prescribe to the open-source methodology are backed by thriving communities who are passionate or incentivized to contribute. Bringing people together under a common purpose creates the best possible outcomes and allows the platform to reach its full potential.

🚀 Lower operating costs, more profit

Most technology companies built on open-source frameworks have much lower operating fees. Patents, licensing fees and restricting access are costly for businesses who own proprietary code. It also means that companies must rely on individual authors to keep things running and regularly updated.

Side note: open-source software is often copyrighted and can be patented.

Research by the TODO group has shown that the benefits of open-source program offices (OSPO) or foundations continue to be appreciated. Of those companies surveyed, 56% still say it is very or extremely critical for success. And the longer that OSPO exists, the more value it brings to their engineering success.

Their 2020 survey shows that there are high returns on invesment just by being members of an open-source foundation.

An earlier TODO survey has also shown that companies who offer OSPOs experienced benefits such as higher quality code, increased development agility and speed, faster time to market, and culture and interaction improvement.

But open-source is not the be-all-end-all philosophy of programming. Many companies can benefit more from a hybrid approach, where they may offer SaaS (software as a service) or monetize features of their open-source platforms.

Examples of Companies that Use Open-Source Software

Linux

One of the original proponents of open-source technology is the Linux operating system. Linux has made its source code available since its launch in 1991. Developers can even modify and sell their version of the operating system as long as they license it under the Linux name. Many developers prefer Linux over IOS and Windows because it is more customizable. Its applications, word processors, photo editors and web browsers can be switched out and altered.

The Linux Foundation provides a neutral, trusted home for developers to collaborate on open technology projects. Developers are encoruaged to contribute to hundreds (if not thousands) of different projects.

WordPress

The success of the world’s largest CMS, WordPress, is also built on open-source technology. Any developer can upload a plugin to the WordPress platform. Complete transparency and user input make WordPress the most functional CMS available online. In fact, over 40% of all websites are hosted on the WP platform.

The WordPress “Bill of Rights”. WordPress contributors work around the globe, and have dedicated countless hours to build a tool that democratizes publishing.

How Mysterium Uses Open-Source Technology to Build a Censorship-Free Internet

Our team operates in the blockchain space, where collaboration is one of our industry’s biggest strengths and (not-so) secret weapons. Other technology sectors and companies may want to keep their code private to remain competitive. They want to outperform, rather than lift up, other projects to maximize their profit.

This has been the opposite for decentralized communities. By partnering, collaborating and learning together, the development of our ecosystem has accelerated beyond our wildest expectations.

Mysterium is building a decentralized VPN and other tools that allow you to browse the internet freely. We’ve had over 100K downloads though we’re still in BETA. Our distributed network has grown to 1600+ nodes, with 200Tb of traffic flowing throughout it. And our software has always been 100% open.

Our users also don’t pay us a cent (it’s purely peer-to-peer, so they pay each other). We are proudly a grassroots project, powered by our users and contributors.

It may seem counter-intuitive to open-source software that by design is meant to secure and anonymize our users. But we believe in total freedom of information. We are creating a censorship-resistant layer of the internet that cannot be switched off or taken away. If we want a transparent, completely accessible internet for all, we can start with our own code.

We also need our community to trust us. They’re depending on us to encrypt their data and protect them from online surveillance. In countries where people are routinely jailed just for accessing certain websites or even “liking” something on social media, our responsibility is huge.

Many regular VPNs can keep logs of their users’ activity, even though they say they don’t. You have to take their word for it. Nobody can be really sure that they’re not storing your information in their centralized servers, cooperating with governments or selling your browsing data to 3rd parties. NordVPN, one of the more popular centralized VPNs, was also hacked a couple years back.

In a trustless ecosystem like ours, you can verify what we say is true. Our distributed architecture removes any technical possibility for collecting or storing logs centrally. And remember what we said earlier about Bitwarden? Our technology can only become more secure through its own transparency.

We also take the open-source ideology to the next level by not only giving access to our source code, but finanically incentivizing our community to openly build on – or plug into – the network. The Mysterium community can sell VPN services with their spare bandwidth and earn cryptocurrency in the process. So we don’t just collaborate with programmers, we collaborate with our every day users.

Open-source technology is the future. The only way forward is to be open. By learning from each other’s mistakes and building on our accomplishments, anything is possible.

Mysterium VPN launches on Linux

Linux VPN

Mysterium has welcomed Linux to the family. The Linux package supports Debian systems (such as Ubuntu) via our VPN desktop app.

This is a plug-and-play native app. It requires very little configuration, with more features than most open-source VPN clients that often require some technical knowledge.

Click here for immediate download of the Linux package. Or, explore the latest releases in our GitHub.

What is Linux?

Linux is an operating system, just like Windows or Mac OS. The Android mobile operating system is actually based on a modified version of the Linux kernel.

This open-source project launched in 1991 and their technology is used for a huge range of applications and systems including desktops, servers, internet infrastructure, supercomputers and even stock exchanges. Linux is also generally far less vulnerable to everyday attacks and malware, making it a favourite among programmers and businesses. 

Linux as an open-source pioneer

One of the original proponents of open-source technology is the Linux OS, making it a perfect fit for our community of users and developers. Linux has made its source code available since its launch. Developers can even modify and sell their version of the operating system so long as they license it under the Linux name. Many developers prefer Linux over iOS and Windows because it is more customisable. Its applications, word processors, photo editors and web browsers can be switched out and altered.

The Linux Foundation provides a neutral, trusted home for developers to collaborate on open technology projects. Developers are encouraged to contribute to hundreds (if not thousands) of different projects.

You can read more on why we chose to open source our own encryption software on Hackernoon.

Mysterium VPN  is also available for AndroidMac and Windows. 

If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Mysterium and Storj Labs Link the Decentralised Web Together

Mysterium Storj

Mysterium and Storj collaborate to free the cloud through decentralized protocols

Decentralisation of the web is a global movement.

Much of our success relies on a shared vision and collaboration between the many different teams all building decentralised solutions and piecing together the world wide Web 3.0

We’re excited to collaborate with one project in particular — Storj Labs. Storj is decentralised Cloud Storage. Just as Mysterium offers a way to earn by sharing your connection with a global node network, Storj pays their Node Operators for their unused storage. The Storj network is made up of thousands of operators and developers, providing the foundation for a faster, safer, more affordable object storage alternative.

At Mysterium, we’ve chosen the Storj decentralized object storage to replicate our S3 object data, including container images, static content, and more.

Docker containers are a foundational building block of many companies’ software infrastructure.  Mysterium’s own Container Images have been downloaded over 1M times from Docker Hub.  The registry holds our named Docker images, available in different tagged versions, and users can easily interact with a registry by using Docker push and pull commands. 

It’s here that Mysterium will leverage the unique benefits of decentralized cloud storage. These benefits include unmatched security and privacy through a know-nothing architecture, globally distributed files across statistically uncorrelated endpoints and ISPs, default encryption, and user-assigned access grants. These give developers the freedom, flexibility, and confidence they demand when building their apps/services.

To learn more about how you can host your container images on the decentralized cloud, like Mysterium, check out our overview about building a Docker container registry backed by Storj.

Why use Storj for container registry?

Storj offers highly secure, private and economical cloud object storage through global decentralisation. Data is encrypted, divided into pieces, and spread across tens of thousands of uncorrelated endpoints and ISPs to create an edge-based security model with no single point of failure.

By storing files on Storj, developers can protect their data against ransomware and tampering by bad actors, providing a much more resilient backend for Docker Registry container image storage and distribution.

Running a Container Registry on Storj is a great solution to integrate with and complement your CI/CD system. In a typical workflow, a commit to your source revision control system would trigger a build on your CI system, which would then push a new image to your Registry if the build is successful. 

For developers, Storj is easy to configure (it’s backward-compatible with Amazon S3). Registries that utilize Storj have client-side access to the most distributed object storage protocol on the planet. Upgrade to Storj, and your users can pull container data globally, from a single logical instance, at a fraction of the cost.

How can node operators benefit?

Mysterium uses the Ethereum Blockchain and Matic Network (now Polygon) as the backbone for payments between network participants. Our global pool of residential IPs opens the internet up for everyone, no matter where they are.

Node Operators who currently earn STORJ tokens for supplying excess storage capacity can also earn MYST by contributing excess bandwidth in Mysterium’s P2P marketplace. Use your computer or device, such as a Raspberry Pi, to help power and maintain the network. Users pay to connect to your node, providing them with a VPN service, access to the open internet and a secure line of communication. 

We will continue exploring new earning opportunities for our node communities.

Through this collaboration, we hope the decentralized ecosystem will continue to evolve and expand into all corners of the internet.

Learn more about running a Mysterium Node and being a part of creating an internet blind to borders.

Mysterium VPN  available for AndroidMac and Windows.

If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

$MYST now on QuickSwap! Discover the fastest, cheapest way to trade

$MYST token is now listed on QuickSwap. You can trade MYST with a number of coins and cryptocurrencies at a fraction of the cost and speed when compared to other Ethereum-based DEXs.

 

To celebrate our listing on QuickSwap and support our community, we are also covering the costs of transferring your funds from Ethereum to Polygon blockchain. 

What is QuickSwap?

 

QuickSwap is a fork of Uniswap, the original Automated Market Maker. Uniswap is the largest decentralized exchange on Ethereum, significantly contributing to the increase of trading activity on the network. However, extreme network congestion has led to high transaction fees, making this DEX very expensive to use.

QuickSwap solved Ethereum’s congestion problem by deploying Polygon’s Layer 2 technology. (Polygon is formerly known as Matic Network, and we will refer to Matic during certain steps in the trading guide, as their wallet, token and network are still labelled as such.)

To provide users with the best possible speeds and price, QuickSwap plans and executes a sequence of multiple token swaps. For example, to convert my QUICK tokens to XYZ tokens at the best possible price, QuickSwap determines the best route is to convert QUICK into SX, then DAI and then XYZ. Moreover, you don’t have to figure this out for yourself, it’s just chosen and executed automatically.

Why have we chosen QuickSwap?

 

QuickSwap provides its users with several important benefits:

 

1. High-speed transactions at significantly low costs

At the time of writing, the cost of a ‘fast’ transaction (~30 seconds) on the Ethereum network is $11.51, while the price for a single Uniswap trade costs more than $100 in fees!

Ethereum transaction gas costs as of April 2d, 2021.

 

In comparison, transactions via Polygon can be confirmed in as little as several seconds, at a cost of around $0.00002 USD.

Matic transaction gas costs as of March 31st, 2021. 

2. Familiar and easy-to-use interface

You can trade on QuickSwap directly from your wallet. Furthermore, if you have used Uniswap previously, you will have no issues when switching to QuickSwap as their interface is very similar.

3. Ability to earn passive income by providing liquidity + receive QUICK tokens

As with Uniswap, every user is able to earn passive income by providing liquidity to the various liquidity pools. Every trade on QuickSwap costs 0.3% of the total amount, a fee which is then split equally among liquidity providers based on their owned percentage of the pool. Additionally, liquidity miners also receive QUICK governance tokens.

How to trade MYST on QuickSwap

Now that you understand the benefits of trading via QuickSwap, it’s time to get moving. If you’ve already used QuickSwap in the past and have some tokens ready, you can start trading here. 

Otherwise, there’s some initial setup, including transferring your tokens from the Ethereum network so you can finally avoid that traffic jam and high gas costs. 

Step 1: Add a custom RPC for MATIC to your wallet

If you can’t see “Matic Mainnet” listed among your available networks in your wallet, you need to set this up before transferring funds and begin using QuickSwap. 

You can do this by adding “Matic Mainnet RPC” as a custom network in your wallet.

For MetaMask wallet users, press the network selection button on the top of the app. Go to “Custom RPC”:

After pressing “Custom RPC”, you should see a screen allowing you to set up a custom RPC. 

Enter the following Matic Mainnet details shown in the screenshot below:

Network Name: Matic Mainnet

New RPC URL: https://rpc-mainnet.matic.network

Chain ID: 137

Symbol: MATIC

Block Explorer URL: https://explorer.matic.network/

Once entered, press the “Save” button. That’s it! You are now connected to the Matic Mainnet.

 

Step 2: Move tokens from Ethereum to Matic Network

To move your funds from from Ethereum blockchain to the Matic one, you can use the Matic bridge:
https://wallet.matic.network/bridge/

You can then connect your own wallet of choice:

And sign the signature request:

After you have connected your wallet, you will see the Matic Wallet V2 interface. You should press “Move funds to Matic Mainnet”:

If you are transferring MATIC tokens, you will need to use the Plasma bridge. 

If you are transferring ERC20 like MYST or ETH, please use the PoS bridge.

The currency shown by default on this transfer module will be ETH, but you can choose the funds you would like to transfer, as shown in the next screenshot.

Once you select your chosen cryptocurrency, type the amount you’d like to transfer:

After you have chosen the desired cryptocurrency and its amount, press the “Transfer” button:

In the next step you will see a warning message. Press “Continue”:

On the next screen, you will see the transfer overview with the cost of each transaction in the process:

After pressing Continue, you will see the estimated transaction fee. Press “Continue” again:

You will need to finally confirm the transaction in your wallet: 

It can take nearly 8 minutes and two transactions to successfully transfer your funds to Matic. This should cost you approximately $25-20 (at the time of writing), so make sure you have enough ETH in your wallet to cover this fee.

You can also use this guide to transfer your funds back onto the Ethereum blockchain, if you need to one day.

Step 3: Claim you free MATIC tokens when you make a trade

To acquire free MATIC tokens with your next QuickSwap trade, go to the Quickswap.Exchange and on the right upper corner press the “CLAIM MATIC” button. Please be aware that you can only claim free tokens when you currently have no MATIC in your wallet. You will also need to have at least 1 DAI/USDC/USDT in your wallet.

Check your wallet to ensure that you received 0,1 Matic. 

Step 4: Swap for MYST

Choose the desired cryptocurrency for swap by pressing on “MATIC”:

You will see a list of all tokens available for trade. You can find MYST by typing it in the search bar:

You can also check the available liquidity pools by pressing the “Charts” button:

You can provide liquidity by pressing the “Add liquidity” button:

 

You can withdraw your funds at any time using the same Matic dashboard. 

And that’s it – you can now make super quick trades at a fraction of a cent! If you still have any questions, jump into our Telegram, Twitter or Discord and our team can help you out.

Happy swapping.

 

Some other useful links:

How to transfer funds from Ethereum to Matic

How to trade on QuickSwap

How to add tokens to liquidity pools on QuickSwap

Mysterium Network Product Updates – February 2021

Mysterium Network is building a decentralised VPN.

Our global network is open, permissionless and distributed. Last year we focused on finetuning our node software, and understanding the dynamics of incentivised networks. This year, we’re focusing on building censorship-proof applications. If you haven’t already, please make sure to download Mysterium VPN for Windows, Mac and Android. Let us know what you think on Discord or Twitter. It’s only been a couple of months but 2021 has already seen the team busier than ever.

Check out our latest product updates;

Our network achieved new milestones

We officially switched off Testnet 1.0 and released Testnet 2.0, having migrated most users and nodes across. Our network is now powered by 1100+ exit nodes (and growing), with 100+ Tb of traffic coursing throughout Mysterium.

We also extended our node bounty rules, so now 400 residential nodes are receiving payouts each month.

These are key milestones for Mysterium Network as we gear towards Ethereum Mainnet. It reflects the growing interest in – and product-market fit – for our use case (when it comes to nodes and users) across several regions in the world.

Mysterium VPN suite of apps are being revamped

We have finalised the new designs for our Android app and started working on designs for our desktop apps. 

We also started working on our iOS app prototype so we can reach this new community of users. This prototyping will help understand the challenges of ensuring that Mysterium dVPN is compliant with Apple store requirements, and the work required to make Mysterium dVPN available on the Apple store. One of the key challenges unearthed during this process was the size of 15 MB RAM maximum background processing allowed for apps on the AppStore. Our head of product, Jaro Satkevic dives deeper into this topic in this video.  

We’re fast approaching the launch of our Linux dVPN app, which is 90% complete.

Our Affiliate program is in the works, so soon our network participants will be rewarded when they introduce peers to the Mysterium universe. 

On the backend side, we’ve dedicated a significant chunk of time to the stability of our apps and nodes and fixed a lot of bugs.

We’ve worked on better quality parameters and measurements, such as the connection between the app and nodes in various regions. Distance between the user and node is one of the keys to quality of service that the user receives. For example, a particular node could provide a very stable service for someone in Brazil but may be lower performance for users from Russia. We’re working to stabilise this and ensure consistent quality for all connections across Mysterium Network. 

“Quality bars” will be introduced in our apps in the following week, enhancing and progressing our Smart Connect feature.

We’ve included a new auto-update feature in our desktop app, which checks for the latest app version and will upgrade upon launch. This will provide a better UX for our users and contribute to a more stable network overall.

We have removed Google Analytics from our desktop apps.

 

Payments

Thanks to our integration with Coingate, Mysterium users have started topping up their accounts using all kinds of crypto. We’re seeing a growing number of people using their BTC, LTC, ETH and MYST to use Mysterium dVPN app. We’ve also updated the Top Up and wallet screens for our desktop apps, making it a more streamlined and frictionless experience.

Our integration with Matic Network (recently rebranded to Polygon) is currently in progress. Ethereum deposits and withdrawals are halfway there. This is the last step before we switch to the Matic testnet in the production stage. This will also lead to our full BetaNet release when Matic will become our main blockchain platform. 

We’re also looking at the listing of MYST on additional DEXes. CEXes are also being considered.

 

Protocol

We’ve been deep in the research phase for new MYST tokenomics models. This involves a staking mechanism for Hermes hubs and introduces some new DeFi elements. More details on this will be published soon. 

We’ve also been reconsidering our pricing model. By the end of March, we should propose a much better solution than our current one. While nodes are currently free to set their own price, many node runners don’t know which pricing is reasonable. This is because users have to filter by not only quality and location, but also look at pricing. For the auto-reconnect feature, where the app looks at a similar node during a session break, this also complicates things. We’re going to introduce “surge” pricing based on supply and demand for nodes in any given region. This will also allow Mysterium to spread traffic more equally among nodes. More details on this to come.

 

Company

We’re fast expanding our team. Please look at our open positions or pass on the details. 

There were some great interviews with various team members from Mysterium. You can see the playlist here.

Want to get involved in Mysterium Network today?

Mysterium Network is a decentralized VPN, with a growing global residential IP node network. There are versions for  AndroidMac and Windows, currently free before our full launch.

Stay tuned for more updates. If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Testnet 1.0 ends as Testnet 2.0 unlocks new milestone

Following a successful migration to Testnet 2.0, we’re excited to announce that Mysterium’s Testnet 1.0 is being “switched off” forever.

Our migration began earlier this year, but you can already see the latest network statistics showing the amazing growth of both our node runner and user communities.

We’ve seen healthy organic growth of our node network in particular, reaching 1000 exit nodes and 100+ Tb of monthly traffic coursing throughout.

This continues from our impressive network growth in 2020. In fact, it’s already 2x our 2020 high in just the first quarter of 2021.

 

We’ve also seen 25% increase in our monthly active user base since the end of 2020.

This graph shows the transition of Mysterium dVPN users from Testnet 1.0 across to Testnet 2.0 over the last three months.

This new milestone keeps us right on track for our product roadmap, easing us into Stage 3.

If you’re running a node, you can read more about our latest node bounty updates, including changes to payouts and our plans to extend the opportunity of earning to more regions around the world. 

For the month of March we are excited to announce the addition of Canada and India to our residential IP bounty program. These have been long requested in our community and we hope to see consistent growth of node runners throughout both regions.

Here are some other TL;DR announcements coming to you soon: 

  1. New Mobile App Design – if you haven’t seen it yet, check out the sneak peek of our slick new UI 
  2. Launch of Affiliate Program – introducing your friends to Web 3.0 will give you more than just kudos

Mysterium Network – a resilient anti-censorship layer for web 3.0

Mysterium Network is a decentralized VPN, with a growing global residential IP node network. There are versions for  Android, Mac and Windows, currently free before our full launch.

Stay tuned for more updates. If you are interested in participating, running a node, or generally have any questions, jump into our discord channel and speak directly with our core team.

Mysterium Residential IP bounty evolves as network grows

Mysterium Network is building a decentralised virtual private network (VPN). In the last few months we have transitioned from our Testnet 1.0 to Testnet 2.0. You can dive deeper into what these updates have meant for our network in our latest product update

Following our upgrade to Testnet 2.0, we have seen organic growth of Mysterium node network – with a 1000 stable nodes and counting to date. 

This has meant a need to review our residential IP bounty program, as we hope to extend the opportunity of earning in Mysterium Network to more regions around the world. 

Attention all Mysterium Node Runners

We are updating the Mysterium Residential IP bounty to offer more flexibility as we go grow our node network. This will mean quick and iterative changes to our Residential IP bounty. 

This begins with an introduction of a cap of bounty rewards to 60,000 MYST/ month for the residential IP bounty program. 

We will also be reviewing growth of Mysterium node network monthly and making amendments to the regions included alongside with maximum payouts per node. Firstly we are increasing the amount of nodes who will receive payouts in our residential IP bounty from 250 to 400. This applies to node runners in the US, UK, Germany, Italy, Netherlands, and Australia. 

For the month of March we are excited to announce addition of Canada and India into our residential IP bounty program! This has been a long awaited region in our community and we hope to see consistent growth of node runners offering service from the region. 

The following are the main changes to Mysterium Node bounty programs:

Residential IP bounty

  • Maximum earnings of 150 MYST / Mysterium Node 
  • 400 nodes will earn in total
  • New region introduced: Canada 

Global IP bounty

  • Maximum earnings of 40 MYST / Mysterium Node
  • 4 nodes / region in Global IP bounty 

You can find more details of the changes noted here

To learn more about running a node on Mysterium Network you can check out the following resources: 

  1. What is a Mysterium Node
  2. How to earn on Mysterium Network?
  3. What is the Mysterium Node Residential IP bounty? 

What’s coming in the future?

We are inching closer and closer to the much anticipated Mysterium Mainnet. With this we will seek to implement the following: 

Unified Node Pricing


We will seek to remove manual price selection and unify pricing in Mysterium Network based on region, type of node, quality of service and the supply and demand coefficients in that region. More detail on this coming soon. 

Onwards to a more open internet 

Mysterium Node Runners are the foundation of the core technology that Mysterium Network is building out. We are excited to welcome more node runners into our community. 

To those of you who have been a part of the journey so far, we thank you for your continued support. We couldn’t do this without you. Want to learn more about our project or stay up to date? Follow us on twitter or jump into our discord to chat with our core team.