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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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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