Connect with us
Active Currencies 15508
Market Cap $3,413,970,009,163.20
Bitcoin Share 57.08%
24h Market Cap Change $3.91

Tachyon reaches 1 million users as demand for a secure internet grows

2min Read

Share this article

When the internet was first introduced to the masses, the world was recovering from the impacts of the fall of the USSR & Berlin Wall, Gulf War, etc. The Internet posed as an opportunity for the post cold war world to convert it into a global village. But it has now been reduced to a stooge of governments who decide what passes through the network or which websites or applications can be accessed by the citizens of their country.

However, the most admirable aspect of technology is that it has a solution for everything. The solution to internet control by governments was solved by VPNs which allowed users to access the internet by masking IPs and allowing users to circumvent data policing. This was a solution for Web 1.0 where complexities were less and cyberattacks and vulnerabilities were not so common occurrences. The important point to note is that these were centralized systems.

In the world we live in today, using a centralized network that could potentially store all your internet logs, files accessed, etc is exposing oneself to great harm both professionally and personally. VPNs have for long followed a standard technology that is now obsolete.  

Enter decentralization. Blockchain technology has made it feasible for systems to function is a distributed manner eliminating the possibility of a central hack. Tachyon is one such decentralized VPN which is making Web 3.0 safer and secure through its product. Tachyon Protocol is building solutions in the dVPN space by restructuring the traditional TCP/IP protocol stack in order to counter the ills of centralization at a protocol level.

Tachyon is reconstructing the TCP/IP model using its own iterations of proven P2P technologies — DHT, blockchain, UDP, and encryption. As opposed to WebRTC, it uses Tachyon Booster UDP to improve network connection success rates and transmission quality. Tachyon Protocol routes user traffic through multiple distributed provider nodes after end-to-end encryption to avoid snooping. Tachyon is ranked among one of the Top 5 dApps worldwide and has an active user base of 1 million users. Its token IPX has seen a surge in demand as people realize the importance of using a secure internet. 

IPX holders can also stake their IPX tokens to the network and earn staking rewards. As per noted staking aggregator and data provider StakingRewards, the current annual earning rate is 13.56%. Users can stake IPX through exchanges, or through Tachyon’s first official Platform Partner IPXUS.

Shashank, a renowned blockchain cybersecurity expert believes privacy focussed dApps and protocols are going to trend in the coming months. With the increased cyberattacks and state surveillance, dVPNs like Tachyon are going to be a standard feature for internet users going forward, he further stated. 

Disclaimer: This is a paid post and should not be taken as news/advice.

Share

Akshay focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.