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August 11, 2021, 04:19:35 PM |
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Just a matter of weeks away from Mainnet launch.
As Mysterium enters this final pre-Mainnet phase, current testnet will be upgraded.
Integration with Polygon is also now live, which means almost instant and gas-less payments.
The first 50 node runners to join the BETA program will earn 5 MYST for participating, and an additional 5 MYST for sharing valuable feedback. You can get all the details in Mysterium, GitHub.
It also introduces a number of new features that you’ll get to enjoy early.
Discover these below, and then read on to learn what comes next, including big plans after Mainnet.
1. Fast and inexpensive withdrawals for node runners
Polygon (formerly Matic) is now in full throttle and powering the peer-to-peer payments system. Your transactions and withdrawals will be a fraction of the cost and speed.
2. Registrations are free…
All new users and nodes will be able to set their beneficiary wallet without paying a registration fee. There will be no need to earn some MYSTT before changing this beneficiary wallet address either. Your address will instead be stored in a local node database, and addresses are only recalled when payouts are happen
3…and also faster
On Polygon (including its testnet), blocks are mined faster and there are no gas price surges. New consumer identities will be registered almost instantly. This will apply for both new dVPN users and node runners.
4. Automagic pricing
Nodes will no longer have to set prices manually, as prices will be chosen based on a supply and demand algorithm for each region. The algorithm will assess node type (such as residential or non-residential IP), location and quality. For example, all residential nodes in the United States will have the same price set by default. The more dVPN users choosing nodes in a certain region, the price will increase. If there is less demand, then prices will go down.
This system functions similarly to Uber’s surge pricing, which determines price based on availability within the network.
5. Better node discovery
Node discovery service wrote from scratch. It was originally coded in Python, but transitioned to GoLang with some architectural changes, so it’s 1000 x faster than before. Now when you open the dVPN, loading the list of worldwide IP addresses will feel almost immediate. The code also allows app developers to filter and slice nodes in a much more flexible way than before.
6. Better infrastructure, less downtime
The network will have self-healing infrastructure. This means if faults occur, or there are potential attacks on the network, it will be better protected.
Drawing the new Mysterium Map
Mainnet release in Autumn 2021. As the community (and the wider Ethereum industry) is aware, extreme network congestion and crippling gas fees left a lot of dapps in the dust. The team had to re-route our original mainnet roadmap to ensure that it could still provide the best quality of service as a network that depends on millions of microtransactions every single day.
Network is now stronger than ever because of it. Upon launch, the Layer 2 and 3 solutions give both users and node runners a lightning fast, gas-less user experience that remains unaffected by Ethereum’s issues.
But where to next?
Mysterium has some big plans following its mainnet launch.
You will see the manifestation of our whitepaper and the culmination of three+ years of code, sweat and tears. The community of node runners is literally the backbone of the network. This grassroots project would be nothing but an idea without this community bringing the peer-to-peer protocol alive.
Other than key product updates, including the iOS version of the dVPN, the next major milestones will move us into a new era of Mysterium.
New tokenomics model will help scale the network and make it more robust.
Also spreading the Mysterium magic even further. It’ll have a core focus on growing the ecosystem and becoming a breeding ground for innovation. It’s time to make Web 3.0 a reality, and the post-mainnet plans will center around growing this space and making the internet truly blind to borders.
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