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 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.