“Who guards the guardians?” This phrase seems to be becoming more and more relevant in our generation, where the idea of online privacy is constantly rejected by the government. And opting for a VPN doesn’t promise complete peace of mind either, since your personal data is handed over to another company who may or may not go on to sell this information.
True, most VPN providers state that they institute no-log policies and are often located in Switzerland or Finland – where privacy laws are pro-consumer – but you can never expect full anonymity. It’s no wonder that privacy-conscious users have cried out for a decentralized VPN network that shuts out prying eyes completely. Luckily for them the answer has recently been crowdfunded under the name Privatix.
Not long ago there was an initiative for a blockchain-based VPN service that uses cryptocurrency. The system was called Mysterium Network, and it offered users the chance to join a network of VPN nodes either as a traffic lender or a traffic provider. Privatix operates under the same premise, as it’s an autonomous peer-to-peer VPN platform utilizing blockchain technology.
Think about it as a bandwidth marketplace: you can ‘sell’ your unused internet bandwidth to clients who will pay for your service with the site’s own cryptocurrency, called Privatix Tokens. Instead of renting servers around the world like regular VPN companies, Privatix relies on the servers that sellers provide.
The decentralized network of computers encrypts the buyer’s traffic, effectively granting the same quality service as subscription-based VPNs. On the other hand, the use of cryptocurrency makes it impossible to track back the money to you. Additionally the personal information won’t be logged by companies, while the threat of stolen data, hacking and blocked content is eliminated.
The company behind the Privatix Network has over ten years of experience delivering VPN related services, so it’s fair to say they know what they’re doing. Just the concept of the platform convinced people to donate to the fundraiser, which ended up with $476,000 in the bank. This huge popularity was once again put displayed during the pre-sale of the first token package, which was immediately picked up by investors and privacy-conscious netizens in such a furor that it closely resembled a Black Friday sale.
Following the pre-ICO stage’s success, the company plans to sell an even bigger pot of its currency. The huge demand for the service is admirable, considering the platform will only launch in 2019. Still, there are other features in the works – such as a cross-platform VPN service planned for the end of 2017 – and over time we might well see the landscape of online privacy change for the better.
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