Sentinel Network (DVPN) Token What is it and how to buy?

Sentinel is on a mission to provide universal Internet access by building low-cost, distributed, and fully decentralized Virtual Private Networks (dVPNs). VPNs allow Internet users to access parts of the Internet that may be restricted to them based on geographic location. y also provide an additional layer of security and anonymity when browsing the web, but centralized VPNs are prone to data breaches and attacks, creating a risk for their users. Sentinel’s resilient, decentralized architecture reduces this risk while offering full transparency and customizable bandwidth speeds.

Faced with centralized VPN services that intentionally host their consumers’ data and then have it hacked, VPN providers must cultivate the trust of their consumers. Just as banks act as intermediaries between two people, VPN services are a centralizing service between users and servers. Consumers should trust that this product will protect their privacy.

Sentinel’s goals are not just to create a decentralized VPN service, but a complete framework that developers can use to create decentralized VPN services for primary users.

What is Sentinel?

At its core, Sentinel is a decentralized p2p bandwidth distribution network built on top of Tendermint and the Cosmos SDK. Sentinel gives anyone the ability to monetize their bandwidth by dedicating it to the Sentinel network. Sentinel’s suite of validators measures and confirms the amount of bandwidth provided and used by network participants.

Sentinel has its own form of consensus called “Proof of Bandwidth,” where the protocol ensures that the service provider provides enough bandwidth for the user. This will also form a transparent record of the quality of the bandwidth service. This data will be used to slash the provider if they have violated their service level agreement.

One of the most important features of Sentinel is the string query. A connection between a user and the exit node can be established without the requirements to connect to an intermediate server. Users will be able to query all nodes that are available by reading transaction data from a list of available servers. This query also means that users will only communicate with the chain and never with the servers.

Sentinel will also employ a relay network to encrypt the user’s IP address over the network to the server.

Bandwidth test

network has a proprietary form of consensus called Bandwidth Proof. Since anyone can host a node with whatever space they have on their computer, it is vital that the network can verify that a node has enough bandwidth to support the network.

Currently, the process begins by requesting bandwidth signatures from the service provider and the service user. se bandwidth signatures are messages that consist of the bandwidth in the P2P connection within a pre-configured period of time. service provider and the user each sign their messages with a private key, and then the messages are stored in the chain. If there is a discrepancy between the bandwidth claims of any of the signers, the network will close the connection.

DVPN Token

Sentinel’s native token is $ DVPN. It will be used for governance and participation, it can also be a form of payment for VPN subscriptions and services.

$ DVPN will also be used as a working token. This means that token holders who stake the token will be able to earn additional $ DVPN as rewards from nodes providing bandwidth to DVPN applications built on the Sentinel platform.

A part of Cosmos’s cross-blockchain communication means that as more developers create dVPN on Sentinel, other token holders can use their favorite token to pay for a dVPN service. As Cosmos developers are connecting to other Layer 1s such as Cosmos and Ethereum, users will be able to pay for services using an ERC-20, ATOM, or DOT token.

Economic Sciences

Sentinel has a decreasing issue schedule and a fixed maximum token supply. That means that as the rewards decrease, as time passes, the wagering rewards will come from the transaction fees on the network, as opposed to the fixed issuance of tokens. initial issue rate (also known as inflation) is currently 49%.

Sentinel is particularly aware of the risks associated with being an early stage network. lower the number of tokens staked on the network, the greater the risk of attacks from a network. To combat this challenge, Sentinel is employing a couple of different strategies throughout the early stages of the network.

During the first period they will use a caral similar to halving, where the emission rate will decrease by 6% after each epoch. periods will last 6 months. Sentinel will use this caral until rewards = 13% APR.

After reaching 13% APY, Sentinel will decrease issuance per block until the chain reaches the maximum limit of 48 billion tokens. This is known as an exponentially decaying emission curve. team is confident that the halving caral will have helped increase demand for the token and the network will have grown substantially by now.

If you’re unfamiliar, halving is “an event or process that slows down the rate at which new coins are issued or created.” Halving is essentially the periodic reduction of block rewards. This process ensures a controlled and constant supply of the token. Bitcoin uses this process, where the block rewards for mining are cut in half approximately every four years. This is good for the Sentinel token price. halving caral will decrease issuance as demand for the token increases, increasing the price.

re will also be a tiered inflation rate – delegates who have locked your token for longer periods of time will earn you higher rewards.

If you are curious about the math on how they have designed their token issuance curve, you can check out this blog post.

How decisions are made online

Sentinel is a Cosmos-based network, so, at least initially, the protocol will follow the same framework as other Cosmos-based chains. Validators will have voting power proportional to the number of tokens that have been delegated to them.

decentralized web

Sentinel will benefit from Comos blockchain communication because Sentinel will be able to provide a private network or dVPN layer for the entire Web 3 infrastructure. We will soon be able to create fully decentralized dApps.

Blockchain technology and cryptocurrencies have allowed us to freely exchange value with each other without having to rely on a centralized authority, but that is only part of our internet experience. Projects like Filecoin (decentralized storage), Akash (decentralized cloud computing), Handshake (decentralized domain name system), Livepeer (decentralized video transcoding), and Sentinel are (re) decentralizing the single layers of our internet infrastructure. Your entire experience on the Internet, not just the exchange of securities, can be decentralized and fully controlled by you.

How to buy Sentinel Network (DVPN) Token?

first thing we have to do is register in the Exchange Hotbit:

Read also Render Network (RNDR) Token What is it and how to buy?

I register on Hotbit

First step to buy Sentinel Network (DVPN) Token : Buy USDT and transfer to Hotbit

Now what we have to do is buy USDT to transfer it to Hotbit and for this we are going to buy it from Binance, but you can do it from any exchange. So if you are not registered with Binance, please do so from the link.

Once inside, what we have to do is go to «Buy Crypto»

n we have to put the amount of Euros or Fiat currency that we are going to use to buy USDT and we give it to buy, we follow the steps and voila, we have already bought USDT.

Now to transfer the USDT we have to go to Hotbit and copy our USDT Wallet Address and for this we have to go to «Fund» – «MyFund» and we give to Deposits in USDT currency.

Now we have to select the TRC20 network and copy our Wallet address.

Now we have to go to Binance and hit «Wallet» – «Fiat and Spot» and hit «Withdraw»

Now you select “Crypto” and you will see another screen, where you will put USDT in Coin, in TRC20 network and the amount.

Second step to buy Sentinel Network (DVPN) Token : Exchange in HotBit USDT for DVPN Token

Now we will have USDT in Hotbit, therefore we have to go to “Exchange” and in the search box, search for DVPN and select the PAR DVPN / USDT.

On the next screen, we have to select the amount of USDT that we are going to exchange and we give it to buy.

And voila, we have purchased Sentinel Network (DVPN) Token.

more

Related Posts

© 2024 Cryptocoin Budisma.net