micro payments solution
jaro@mysterium.network, 2021-05-05
What is
Mysterium Network?
A distributed network of nodes that are providing VPN service in exchange for crypto curency.
- OpenSource project
- A distributed network of nodes providing networking services
- Introduces incentivization for exit nodes
- Permission-less platform for VPNs, proxies, scraping and other geo-unlocking and censorship resistance tools builders
How does it work?
Micro(nano) payments
- trustless and permissionless
- globally available
- instant and often tx (e.g. each minute)
- tx size = parts of a penny
Payment promises
digital cheques
11
15
9
settle
Alice can over promise = double spending problem
Hermes protocol
- Providers can aggregate promises
- Consumers can top-up via any wallet
- Settlement can be done at any moment
- Hermes is non-custodial party
settle multiple promises from many consumers via single on-chain tx
even from exchanges
can be each hour or once in a month
he can't stop a transaction or take users money
Communication with Hermes
Request based communication with Hermes
Join the future!
https://mysterium.network
Introduction into Mysterium Network payments system
By Jaro
