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Mysterium (MYST): What is Mysterium and Why Should You Care?

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MYST
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Mysterium, otherwise known as MYST, is one of those “small” currencies that are still available for mass investments. This is the case because MYST is still at a price under a dollar, so many people can afford to buy more than only several units of this digital coin.

But before investing in any digital currency, you must first dig deep into the idea behind the coin and determine whether you are placing a smart investment or just throwing your money away.

So, we are answering the question: What is Mysterium and Why Should You Care, to help you decide whether MYST is any good.

What is Mysterium?

Mysterium is a cryptocurrency based on Mysterium Network that represents its decentralized ecosystem. Mysterium is much like many other coins as it operates as a decentralized ecosystem and has its platform, but there is something that makes it stand out from the crowd.

Mysterium is working based on peer-to-peer protocol, within a blockchain based decentralized network, but it works on VPN nodes that have no server – that is how you can access a serverless VPN without centralization and take advantage of a decentralized environment.

The decentralized serverless VPN works powered by nodes and connect users or a user to a device that resembles a router. The coin is a part of Mystery Company that has a market capitalization of over 10 million dollars.

The idea behind this coin is not focused on any market – gambling industry, science or games, and apps – MYST is not interested in supporting any of those sectors. This coin is made to help more secure internet usage. Besides from working on establishing entirely private internet usage, this company also focuses on providing members of Mysterium with an internet connection that is solid and stable, as not all people have established fast internet connection or connection at all.

Not many people are “blessed” with a reliable internet connection, so this open-source platform is working in favor of providing internet connection for those who need it. This is just done by having all members sharing their unused network traffic.

The unused network traffic is being distributed by having it traded from one user to another, and all trades can be made with using MYST tokens that are available for purchase on Bittrex and several other trading platforms.

You can quickly put your unused network traffic for rent, and other members can rent it and pay you with MYST that you can later trade with or keep in your Wallet.

So, Mysterium network represents a serverless network of VPN running on nodes, running on Blockchain technology that allows anyone to join as a customer or as a seller and rent unused network traffic and decentralized VPN. It runs on smart contracts like Ethereum, peer-to-peer protocol and blockchain technology, cleverly designed to represent a large decentralized serverless VPN that enables trading and renting with micro-payments that are safe, secure and faster than the traditional way of making payments.

The platform also has a cause in making the internet a lot safer place to keep your info and data safe. That means that keeping illegal documents or confidential data would also be enabled, which poses a question of whether is it moral to keep illegal data safe and encrypted.

But, regardless of keeping illegal or Darkweb-related data safe and untraceable, having a way of keeping your online info wholly safe and secure is the best feature this platform has to offer. In case MYST keeps up with good work, it may soon become one of the most needed decentralized platforms based on blockchain technology.

Is MYST Worth It?

In the mid-January, MYST was keeping up with expectations posed for all cryptocurrencies being traded in 2018. It was predicted that almost every digital coin would reach its peak or reach their all-time high in 2018 and Mysterium was doing well and by expectations for some time. Around January 12th, MYST had a benevolent change in price which led to an increase, leading to an initial price of 3.21$ per one MYST coin.

But, there came a fall, and after being traded as high as 4$ per one unit, MYST experienced a decrease of over 37%, leading to a price of 0.6$ per one unit.

What on Earth happened here?

Everyone is wondering how come a coin that traded at 4$ per one unit managed to decrease so rapidly to trading below one dollar in less than 20 days. But, we all learned that investing in digital coins can sometimes be rocky and turbulent as the market can never be stable enough to persuade you into believing your coin of choice is untouchable.

So, many investors lost a lot of money by investing in MYST, but those that remained with an appreciation for this serverless VPN network are hoping for the best. With the latest decrease of a bit over 6% in the last 24 hours on January 31st, 2018, holders and investors are probably eager to see at least a minor percentage of increase with the beginning of February.

What will happen next?

It is yet uncertain with constant decreases, so we’ll probably have to wait and see what will come next for MYST.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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