Rent an IP to increase the privacy and security of your data
Do you think using a VPN connection is a luxury? Not anymore. Because you don't know how much of your personal information is shared across the internet network without your knowledge. Can you guess who will be monitoring your browsing history? It is none other than your ISP (Internet Service Provider). You might think what they are going to achieve by monitoring your browsing history. The ISPs will try to understand your browsing habits and may sell that information to relevant advertisers.
For example, let us assume that you want to buy a DSLR camera and you are browsing the internet to see various models, reviews, shopping deals etc. If your ISP can share this information to a specialty e-commerce store which sells various types of digital cameras, then the store can utilize that opportunity to market their product through email, phone or as an online ad.
How to get rid of this kind of actions that affects your privacy? The only available solution is to use a VPN connection which adds an extra security layer to your internet network and prevents the data from spreading across the network. Not many users prefer to use VPN connections because of their high and fixed subscription cost even if the usage is less.
To improve the flexibility of the VPN connection or IP sharing, an innovative Blockchain based platform named IPSX is under development. What is IPSX? What kind of benefits does it provide to the users? IPSX is a decentralized IP sharing marketplace that directly connects the two types of participants namely providers and requester s. A requester user is the one who will be placing orders for renting the IPs whereas the provider user will share the IPs that are available for rent. All the users will be identified by their IPSX wallet address.
The IPSX system consists of three layers which are given below:
- Ethereum layer - In this layer, the smart contracts will be created to manage the wallets of the users, their profiles, and micropayments.
- Application layer - A dedicated Java App will act as the UI (User interface) to synchronize the Ethereum layer and Service layer. This app will run as the client (mobile app) on all the user's devices.
- Service layer - The third party VPN app which creates the VPN connection forms the service layer.
Check out https://ip.sx/dist/Whitepaper-IPSX-05.pdf to learn more information about the technology behind the IPSX platform.
Is the IPSX platform available for free? No. Because you can't secure your data for free of cost. So if someone likes to access a VPN connection using this platform, then they need to hold IPSX tokens. IPSX tokens are nothing but special utility tokens that will be sold by the company during its ICO token sale event. The tokens are the only payment option available in IPSX platform for renting the IPs. IPSX tokens are based on the Ethereum standard ERC20. Kindly visit the official Website, ANN and join the Telegram group to learn more information about the pricing, sale procedure and availability of IPSX tokens.
Decent VPN services always cost too damn much. This seems like a decent competition but that would depend on the price of the token. All things considered this is another good use of blockchain tech. I would definitely be following IPSX too see what it has in store for us.
@hardhouse - thanks for the update. UpVoted!!!
You got a 0.84% upvote from @postpromoter courtesy of @hardhouse!
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