Sentinel: dVPN for the Blockchain Age

in #blockchain6 years ago

The word blockchain is being thrown around quite often these days, and deservedly so, since investors will jump at anything with “Blockchain” on it. For example, when Long Island Iced Tea added “blockchain” to their name, their stocks soared (… and eventually crashed backed down, obviously).

So amidst all this chaos of blockchain this and blockchain that, what even is trustworthy anymore? Are there any projects which make real use of blockchain technology?

Ladies and gents, allow me to introduce Sentinel, a decentralized VPN provider, and yes, it is also on the blockchain… Are you hooked yet?

Sentinel Desktop Client

SENT have developed a desktop client which is available to download here

It can be very much argued that Sentinel makes one of the best use cases of blockchain technology. A decentralized space where each computer, laptop, mobile or even cloud server can be recognized as a node. Sentinel’s technology also allows for monetization of any unused bandwith which is declared on the Sentinel network.

However, why would Sentinel Group decide to develop such a dApp? Is there even a need for such product? On their website they list the following:

  • Protection against hackers, data aggregators and the Government.
  • Protection against any tracking software (cookies), which many websites devilishly use.
  • Protection against any type of hack attacks, whether it be DDOS, bot-net and something they call “node proliferation”.

Fighting Net non-Neutrality

In a way, Sentinel’s technology is fighting against Net non-Neutrality, which has already been passed in the US. Net neutrality basically means “open Internet”, by scrapping this, companies will need to pay ISPs in order to gain access to greater bandwith. Through this, Internet giants will gain an even better foothold over their empires, while smaller start-ups will die out like the Yellow Pages.

Token Swaps

With this, Sentinel really is setting themselves apart as the ultimate privacy platform.

What’s the number one issue with purchasing so-called “privacy tokens”? That’s right, you need to buy them from exchanges. Now, most exchanges will require you to pass some sort of identification procedure, so they know that you are legit. Doesn’t this defeat the whole purpose of buying “privacy coins”?

Sentinel found a work-around here, by allowing you to SWAP, yes, that’s right, SWAP your tokens directly on the SENT client. So far, only Binance Tokens (BNB), Ethereum (ETH) and PIVX are available for swapping.
This, in my eyes is a genius feature, since all these tokens are based on the Ethereum blockchain anyway (apart from PIVX), they should naturally be inter-swappable.

“But Lawrence, how does Sentinel just swap your tokens? Does the client have liquidity? Does it connect to exchanges?”

Even better, my friend, Sentinel aggregates the prices of the two tokens that you are exchanging from all their available exchanges and offers you the most balanced exchange rate! Awesome!

Sentinel. No one will know you’re hodling.

Relevant links:

Sort:  

Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BNBBinance Coin12.850$-1.04%5.64%
ETHEthereum469.717$-1.66%8.8%
PIVXPIVX2.044$-2.89%17.66%
SENTSentinel0.008$-12.33%13.97%

Congratulations @lxs! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 58696.98
ETH 2291.47
USDT 1.00
SBD 2.44