What is Mysterium?
Mysterium Token (MYST) is the native cryptocurrency of the Mysterium platform, which is an open-source ecosystem that aims to provide unrestricted access to the internet for citizens worldwide. The platform offers a permission-less, peer-to-peer network that does not rely on a central authority, providing a trustless, distributed, and sustainable network that offers open access and confidentiality to every internet user.
The need for the Mysterium platform arose due to various problems, such as internet censorship, content restrictions, lack of funds for research, execution, and maintenance of tools for restoring the confidentiality of internet users, and the trading of users' regular internet activity and communications to advertisers without their consent. The platform aims to connect projects, entrepreneurs, and developers working on the borderless web and offers users the opportunity to earn cryptocurrency by trading their additional bandwidth whenever they find it suitable.
Running a node on the Mysterium network does not require any technical skills, and users can connect to their homes from any place they want. Every transaction of payment contracts is preserved in a public ledger formed on the Ethereum blockchain, making it accessible for users to read.
The MYST token, issued at the time of Mysterium's creation, is censorship-resistant and supports various apps and functions, securing the network from any attacks. Token holders benefit from a commission for every transaction on the platform, with payments being carried out in currencies apart from MYST. MYST also supports the staking mechanism in the network and enables users to pay for VPN services.
MYST has a significant role in the Mysterium platform's evolution into an ecosystem with a new aim in 2021. The founders of the platform are Robertas Vis and Waldz, and the platform launched its headquarters in Switzerland in 2017.
In summary, MYST is a valuable asset for those who use the Mysterium platform and offers users access to a trustless, distributed, and sustainable network that provides open access and confidentiality to every internet user.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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