What is Sentinel (DVPN)?
Sentinel is a network of autonomous decentralized virtual private network (dVPN) applications built on the Cosmos blockchain infrastructure. The purpose of Sentinel is to deliver universal access to the internet in a trusted manner.
The network has a native utility token called the DVPN token. Though the token was previously known as SENT, but it was rebranded in 2021 to better portray the Sentinel protocol's purpose. On the Sentinel price chart featured above, you can see the current DVPN price.
The Sentinel crypto project allows users and organizations around the world to construct cheap, scalable, distributed, and decentralized networking solutions on the blockchain. It has three main features – a decentralized consensus, open-source networking integrations, and a distributed community-based node network.
Moreover, Sentinel offers cross-chain interoperability, meaning that it can work across different blockchains. This is a good feature to have because it has the potential of providing private networking solutions within the decentralized internet or Web 3.0 in the future.
Communications between users are end-to-end encrypted on the Sentinel network. This reduces the risk of someone spying on your internet activities. The protocol also has a network of exit nodes or dVPN servers that are distributed amongst many participants. Besides, to reduce the number of bad actors on the network, Sentinel runs on a distributed relay network system.
Lastly, note that there are four different stakeholders on the network, including validators, dVPN node hosts, dVPN application creators, and end users.
The validators are responsible for securing and governing the network. Furthermore, community members who provide unused bandwidth to dVPN on the Sentinel network are known as the dVPN node hosts. Moreover, DVPN application creators are the ones who build applications that run on the Sentinel DVPN framework. They are also responsible for acquiring new users in order to generate more revenue. This revenue is used to pay DVPN node operators, amongst many things.
Use Cases of DVPN
DVPN crypto token is used within the ecosystem for many purposes. Firstly, DVPN is a governance token, which allows users to participate in the decision-making processes. The amount of DVPN tokens you hold determines your voting power on the network. Though if you choose not to use your voting power, you can earn rewards by delegating your tokens to network validators.
Secondly, the DVPN coin can also be used to pay for dVPN subscriptions and advanced dVPN services. Besides, for advanced services that offer enhanced privacy, users are also required to stake their tokens in an escrow service. This escrow service is then used for real-time payments and is governed by Sentinel’s bandwidth provability protocol.
Finally, DVPN tokens can be staked for rewards. These rewards are generated by node hosts that provide bandwidth to dVPN applications built on the platform’s framework.
Planning to buy Sentinel coins? Don't forget to check the aforementioned Sentinel price chart. Knowing the current and the previous DVPN price will help you to make more informed purchasing decisions.
Who Founded Sentinel?
Sentinel network was founded in 2017 by a collaboration involving different groups and partners. One such group is the EXIDIO Group. The founder of EXIDIO is Dan Edlebeck and he also doubles as the CEO of Sentinel. Dan and his team have created secure end-to-end encrypted applications on top of Sentinel’s decentralized virtual private networks.
DVPN Tokenomics
There is a hard cap on the maximum amount of DVPN tokens, and it stands at 48 billion DVPN coins. Although there is a maximum supply limit, not all 48 billion DVPN tokens are available at the time of writing this article. The network plans a slow release of these tokens over a long period that could last for years. The token also has deflationary measures set in place to secure the DVPN price from inflation.
The token distribution is the following: the ERC-20 swap was allocated 20%, the team was allocated 16%, and the ecosystem partners got 12%. Moreover, 6% was dedicated to node hosts while 3% was dedicated to network validators. The remaining supply was set aside in the treasury, as well as for marketing purposes, advisors, and offerings.
