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The 5 best decentralized VPNs for data privacy

Spearheaded by Deeper Network, here are the 5 hottest blockchain-powered projects out in 2021.

The post The 5 best decentralized VPNs for data privacy appeared first on CryptoSlate.

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Spearheaded by Deeper Network, here are the 5 hottest blockchain-powered projects out in 2021.

Online privacy has been a growing concern since the proliferation of social media and centralized networks. Moreover, there have been reports of mass surveillance conducted by governments around the world, a claim that is supported by several reputable news media outlets. 

The Freedom On The Net 2020 report claims that 90% of internet users worldwide are being monitored online. This data confidentiality threat has caused many individuals to be wary and be justified in their paranoia when browsing the web. As this Orwellian dystopia is becoming a reality and artificial intelligence monitoring becoming more sophisticated, privacy-seeking individuals are now looking into new ways to keep their online activity hidden from prying eyes. 

One of the first methods users fall back on is usually Google Chrome’s Incognito Mode, but unfortunately, unlike you might think, the feature is not completely private. While it can seemingly obscure your digital tracks, it does not in fact conceal your traffic from third parties, such as your internet service provider (ISP), network administrator, or the government.

What are VPNs?

VPN stands for a “Virtual Private Network,” which is an overlay that helps you achieve online privacy and anonymity by concealing your traffic in a private network. VPNs keep your internet protocol (IP) address untraceable without compromising your browsing experience by rerouting your traffic in various locations, thereby obfuscating your true location. 

A VPN’s encryption mechanism also prevents anyone who might be eavesdropping on your activity from being able to read your data even if you are using a public network.

Unfortunately, typical VPNs are far from perfect. Firstly, subscriptions can be costly in the long run since you have to pay them on top of your ISP bills. Besides, it is still possible for your VPN provider to snoop in on your connection log. Furthermore, some VPN protocols are incapable of providing the high-grade security and privacy they promise to users.

What are Decentralized VPNs?

A decentralized VPN is a secure internet connection run by a network of nodes, which receive compensation for maintaining their services and keeping the network safe. Decentralized VPNs function differently from regular VPN services since they normally have no central provider managing the rerouting of internet traffic.

Decentralized VPNs are supported by decentralized applications (dApps), providing subscribers the option to select a connection they wish to use in a whole set of nodes. Once subscribers have made their choice, their internet traffic gets rerouted and encrypted all throughout their browsing activity.

5 Best Decentralized VPN Providers

There are various decentralized VPN options in the market that differ vastly in terms of quality, which makes it extremely important to understand certain factors that separate one from the other. 

This is why we’ve compiled a list of the best providers of decentralized VPN services today.

1. Deeper Network

Deeper Network is a blockchain-based decentralized VPN and firewall solution that runs a bandwidth-sharing platform combining physical hardware, Web 3.0 architecture and blockchain and cryptocurrency technology. 

The Deeper Network “free VPN for life” model allows users to not only choose between being a node operator, user, or server, but also to sell bandwidth to other users and earn its native cryptocurrency DPR in the process. 

Silicon Valley-based Deeper Network recently concluded the most successful Indiegogo crowdfunding campaign ever for its Deeper Connect Mini VPN hardware device and launched its DPR token on Uniswap at midnight on 10 April to a feverish market reception. 

Deeper is the first technology to introduce a blockchain-enabled internet gateway in the market, which has allowed the project to raise more than $1 million in its crowdfunding round.

Node operators earn DPR tokens, the network’s native asset which was minted in early April, as a reward for their contribution to the system. DPR tokens can also be staked in order to earn more DPR, which helps further incentivize cryptocurrency investors to participate in its network, thereby strengthening its security level.

Deeper also offers users absolute privacy and anonymity over internet traffic since the network has no centralized servers, which also means that there is no likelihood of users’ browsing and connection history being logged, hacked, or leaked. It is also capable of effectively blocking every ad, tracker, and other monitoring tools from all devices.

Another key advantage of the project is the ease of use brought about by the Deeper Connect Mini, a plug-and-play device that enables any user to easily connect to the Deeper Network through an ethernet cable without the need for any complex or technical configuration. The device can be up and running in as little as five seconds, with the added feature of mining more DPR.

The device itself is a high-performing computer, capable of providing seamless internet speed for its users. It has a quad-core processor, 2048MB memory capable of achieving a throughput of 1Gbps. Additionally, the Deeper Connect Mini can also be used as a mining rig as it has a very low maximum energy consumption of only 5-15 watts, adding another use case for the device.

The mining process involves the proof-of-credit (PoC) consensus mechanism, allowing users to earn DRP by sharing their bandwidth.

2. Mysterium Network

Mysterium Network is a peer-to-peer decentralized VPN provider that allows users to run their nodes to maintain its VPN network. Users with unused network traffic can sell them to the Mysterium marketplace, which users can purchase to access the internet safely, privately, and anonymously.

As of now, there are already 1,100 nodes running the network from over 49 countries. Users who want to subscribe can easily simply select a node they want to connect to and browse. 

The platform also offers a unique payment scheme called micropayments, allowing them to only pay per gigabyte of usage, saving them from expensive subscription costs that may be underutilized.

3. Sentinel

Sentinel Network is another peer-to-peer bandwidth marketplace that gives individuals the freedom to sell their idle bandwidth to other internet users. This model supports their decentralized VPN application, allowing users to reroute their internet traffic using the bandwidth sold by other network members worldwide.

Sentinel provides a good amount of internet security and privacy to its users without running the risk of anyone eavesdropping on their online activities. Through end-to-end encryption modules, any user in the network, including the servers they tap, remains secure from any potential on-looker.

Unlike traditional VPNs, Sentinel does not keep any record of a user’s online activity or connection logs. Furthermore, it features a relay network for nodes in order to ensure that the rerouting of a user’s online activity cannot be traced back to them.

4. Hopr

The Hopr protocol is a decentralized VPN platform that aims to provide privacy to its users by running a network of nodes that conceal their online activity from any on-looker. Hopr provides network-level and metadata privacy through encryption modules, preventing anyone from intercepting connections.

Hopr has a mixnet composed of multiple nodes. When a user connects to the Hopr network, his or her connection gets rerouted to another node. And before it transfers to another node, the encryption module mixes the message it contains in order to effectively hide the paper trail of any activity that goes on the network.

Through its proof-of-relay mechanism, the network can properly incentivize anyone who runs nodes if they pass on metadata to other nodes effectively by allowing them to earn more tokens just by providing for the network. The node rewards come in the form of HOPR tokens, the protocol’s native asset. 

5. KelVPN

KelVPN is another similar project that offers a peer-to-peer decentralized VPN network powered by nodes running across distributed servers worldwide, following almost the same architecture as TOR, where it implements onion routing in order to render a user’s online activity untraceable.

Through quantum-safe cryptography, KelVPN offers a reliable encryption module that prevents anyone from hacking into someone’s traffic and intercepting their activity. The network also offers an advanced routing algorithm that can contribute to a user’s internet speed as they access the network.

Unlike traditional VPNs that are centralized, no single authority can control KelVPN’s traffic or monitor the activities of its users. Furthermore, it has no single point of failure as it runs on a blockchain. 

Features

Deeper Network and Connect Mini

Mysterium Network

Sentinel

Hopr

KelVPN

Decentralized

Yes

Yes

Yes

Yes

Yes

Private

Yes

Yes

Yes

Yes

Yes

Blocks third-party ads and cookies

Yes

No

No

No

No

Portability

Hybrid, has a device that can function as a VPN and firewall

Only blockchain-based

Only blockchain-based

Only blockchain-based

Only blockchain-based

Reward System

Node incentives, staking, mining

Node incentives, staking

Node incentives, staking

Node incentives, staking

Node incentives, staking

Final Points

When selecting a VPN service, it is important to choose one that allows you to easily configure your access without compromising your network security, privacy, and anonymity. However, this can be incredibly tricky as high-grade security may also compromise internet speeds, which is why it is important to dig deeper into what your VPN provider truly offers and whether they are actually capable of delivering them.

Decentralized VPNs appear to be the ideal choice for maximum internet anonymity and privacy. However, not all providers are created equal. Node-dependent decentralized VPNs can be challenging due to their reliance on the services of nodes and their commitment to the network. 

All in all, the key is to find a decentralized VPN provider that can affordably offer you maximum internet privacy and great internet speed based on your specific needs.

Disclaimer: CryptoSlate holds a financial position in Deeper Network. CryptoSlate was given the opportunity to participate in the private sale of Deeper Network in exchange for news, project analysis, and other types of coverage. CryptoSlate was not paid for this article.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptoslate.com/the-5-best-decentralized-vpns-for-data-privacy/

Blockchain

Streamlining crypto commerce for merchants and their customers

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Coinbase

By Lauren Ottinger, Product Manager, Commerce

Coinbase Commerce is a platform that helps merchants anywhere in the world accept cryptocurrency payments in a fully decentralized way. As more and more merchants begin to accept crypto payments, from Sotheby’s to Advertising Week, we’ll continue to build the most secure and streamlined solutions for them.

With that, we’re always listening to our merchants in order to build better products to help meet their needs, and we’re excited to highlight the latest updates we’ve made to enable streamlined transactions and workflows for managing and accepting cryptocurrency.

Enhanced transaction reports
Coinbase Commerce recently introduced enhanced transaction reports that now include more detailed information to help streamline merchants’ accounting and business needs. Customizable reports — by date range and transaction type — help merchants analyze and optimize their business and workflows.

“The new customizable reporting that Coinbase Commerce rolled out will be integral to Dapper’s reconciliation needs as our transaction volume continues to increase,” said Rena Park, Business Analyst at Dapper Labs, a leading platform for blockchain-based games and experiences. “Coinbase Commerce has gone above and beyond to help with refining our reporting practices.”

Easy invoicing
Coinbase Commerce now offers the option to create invoices that can easily be sent to customers, who can then pay those invoices seamlessly with any cryptocurrencies that are enabled.

“The invoicing capabilities that Coinbase Commerce began offering at the end of last year has greatly streamlined our crypto payment process,” said Todd Garland, founder and CEO of buysellads, a company that builds advertising solutions for publishers and marketers. “We’re able to offer our customers the option to pay in crypto as seamlessly and easily as any other form of payment.”

Streamlined check-outs
Payments made to merchants in cryptocurrency are fast and secure, and we’re working to make them just as simple. We’ve streamlined the Coinbase Commerce check-out flow for more consistency and ease of use for both merchants and their customers. In doing so, Coinbase Commerce merchants have seen checkout conversions increase by 22% since it launched in the first quarter of this year.

We’re excited by the enhancements and new capabilities that we’ve enabled in the last few months, and we’re just getting started. Have feedback or comments for Coinbase Commerce? Let us know here.

Learn more by visiting our help center.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.coinbase.com/streamlining-crypto-commerce-for-merchants-and-their-customers-1424553c6a79?source=rss—-c114225aeaf7—4

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Blockchain

Bitcoin can be purchased with MoneyGram using Coinme ATM operators

TL;DR Breakdown • MoneyGram will work with physical cryptocurrencies.• Coinme expects to expand its crypto operations globally by 2022. The North American money transfer company, MoneyGram, announced its merger with Bitcoin last Wednesday. This company will allow its clients to buy in Bitcoin and withdraw their holdings of the crypto converted into cash. This measure […]

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TL;DR Breakdown

• MoneyGram will work with physical cryptocurrencies.
• Coinme expects to expand its crypto operations globally by 2022.

The North American money transfer company, MoneyGram, announced its merger with Bitcoin last Wednesday. This company will allow its clients to buy in Bitcoin and withdraw their holdings of the crypto converted into cash. This measure is applied globally so the Bitcoin investor will have freedom in withdrawing cash.

This news has captivated many merchants with a long relationship with North American banking. For the process to complete, MoneyGram had to partner with Coinme, the largest crypto exchange in the United States. With this huge collaboration, Coinme promises to support over 20 thousand physical locations in the country.

Coinme and its partnership with MoneyGram to give Bitcoin

Bitcoin

Alex Holmen, SEO at MoneyGram, said this partnership with Coinme opens up a new space for crypto investors to profit. The company wants the digital currency to become a fiat currency, such as the dollar or the euro. However, the volatility of Bitcoin and other cryptocurrencies is not compared to that of local currencies.

The new service will be rolled out to all MoneyGram locations in the United States in the coming months. Coinme also plans to take this method globally, partnering with other crypto exchange companies.

MoneyGram points out that it has 150 million users around the world. This popularity of the company will increase as the new Bitcoin withdrawal system is known.

MoneyGram joins the Bitcoin business with other companies

The American company was founded in 1940, and its headquarters are in Dallas, Texas. MoneyGram competes with Western Union to be the best national and international transaction company.

For the year 2017, MoneyGram became interested in cryptocurrencies, and since then, it has grown in popularity. Although the company’s guidelines with handling Bitcoin are not clear, their intentions could be very good.

The international transaction company joins the crypto game after other similar companies have seemingly invaded. For February, Mastercard said it would support cryptocurrencies starting this new year. This slight attraction is achieved after Bitcoin had a rise that would take it to reach its all-time high in price.

But PayPal also announced that it would work with Bitcoin to make the purchase/sale more secure. These American crypto pioneers are making good decisions that attract traders. Since October of last year, cryptocurrencies can be bought in the PayPal wallet.

MoneyGram will release an official statement when its crypto transactions are approved. After the announcement, Bitcoin and other cryptocurrencies are expected to increase in value and reach new all-time highs.

Going from buying digital to physical cryptocurrencies can be a great idea and provide secure storage. Coinme has a great reputation in American exchange banking and is a great partnership with Moneygram.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/bitcoin-can-be-purchased-with-moneygram/>

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Blockchain

EOS, Filecoin, YFI Price Analysis: 12 May

With Bitcoin refusing to breach the $60k-mark, many of the market’s altcoins were surging instead on the back of Ethereum’s bullishness, with the latter breaching $4,000 following an astonishing run o

The post EOS, Filecoin, YFI Price Analysis: 12 May appeared first on AMBCrypto.

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With Bitcoin refusing to breach the $60k-mark, many of the market’s altcoins were surging instead on the back of Ethereum’s bullishness, with the latter breaching $4,000 following an astonishing run on the price charts. However, such corresponding effects weren’t uniform by any means, with the likes of EOS, Filecoin, and YFI noting varying price actions.

EOS

Source: EOS/USD on TradingView

Once one of the mainstays of the market’s top-10, EOS, at the time of writing, was down at 17th on CoinMarketCap’s rankings. April saw the altcoin’s bullish uptrend cut short when the market depreciated on the back of Bitcoin’s fall. The month of May, however, has seen the altcoin climb up the charts again and doing so exponentially.

The last 10 days alone, in fact, have seen EOS register separate surges of 79% and 56%. These surges were also accompanied by spikes in trading volume.

The scale of the bullishness in the EOS market was underlined by the findings of its technical indicators. While Parabolic SAR’s dotted markers were under the price candles, Relative Strength Index had dipped slightly following a brief foray in the overbought zone.

It has been speculated that EOS’s latest price action was triggered by Block.One announcing a new subsidiary, Bullish Global, with more than $10 billion in funding.

Filecoin [FIL]

Source: FIL/USD on TradingView

Since a sharp upsurge in value saw FIL pushed up higher on the price charts in late March, the altcoin has been falling on the back of a steady depreciation wave. While Filecoin did see brief upticks over the said period, they weren’t sustained long enough to project a trend reversal. At the time of writing, the crypto was yet to register some of the bullishness the rest of the altcoin market was noting.

The mouth of the Bollinger Bands was holding steady, with its width a sign of price volatility remaining stable in the near term. On the contrary, the MACD line remained below the Signal line. A bullish crossover here will be the first step towards a trend reversal.

According to a recent analysis, if FIL continues to toe bearish trendlines, it might fall down to $91.8 soon.

Yearn.finance [YFI]

Source: YFI/USD on TradingView

While the rest of the altcoin market has surged over the past few months, YFI itself has been confined to trading within a set channel, with DeFi’s growing popularity and success doing little to precipitate a bullish price action on YFI’s charts. Even when YFI did note some gains, in the month of April for instance, these weren’t sustained and were lost as soon as the market corrected.

The last three days, however, have been a different story altogether. In fact, the cryptocurrency climbed by over 60% in a matter of just 3 days.

The said price action had a corresponding effect on the altcoin’s indicators as Chaikin Money Flow climbed almost vertically to touch 0.40, while the Awesome Oscillator pictured an uptick in market momentum.

Thanks to YFI’s latest gains, a case can be made for investing in the altcoin.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/eos-filecoin-yfi-price-analysis-12-may

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