Exidio Launches Decentralized VPN App Allowing Users to Mine Bandwidth
The new dVPN mobile apps encrypt user data and monetize excess bandwidth.
Exidio is launching a decentralized virtual private network (dVPN) app that encrypts a user’s data on the go and allows them to earn passive income by offering node hosting and excess bandwidth. The apps are available on the Apple App Store and Google Play.
“We’re bringing a lot of the same benefits of centralized VPN, but in an open-source, peer-to-peer network where people are offering bandwidth and earning income for offering that resource to the network,” said Exidio co-founder and CEO Dan Edlebeck in an interview with CoinDesk. “And anyone that’s connected to the VPN network is actually getting a provably encrypted connection because there’s no middleman.”
The apps are built on the Sentinel network, a peer-to-peer bandwidth marketplace that went live earlier this year on the Cosmos blockchain ecosystem. Developers can use the network to build dVPN applications that tap into the Sentinel marketplace.
Users can make payments via DVPN, the native cryptocurrency of the Sentinel network, or with a debit or credit card. The pay-as-you-go pricing ranges from $1.99 to $19.99 depending on bandwidth needs.
Exidio’s future plans include launching desktop applications and a supply side-focused app that allows users to offer bandwidth and start earning income, Edlebeck told CoinDesk. There’s also a plan to launch a hardware router for easily offering excess bandwidth.
CORRECTION (Dec. 15, 16:51 UTC): Corrects quote from Edlebeck in second paragraph to “the same benefits of centralized VPN,” not decentralized VPN.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.