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- Sentinel Network, the leader in the decentralized VPN industry, with more than 2,00,000 active users
- The ecosystem is fully transparent and well funded, since its mainnet transition
- Earlier last year the network raised funds with which it will be focusing on to scale its development resources
Sentinel Network is a network hosting open source distributed and decentralized applications (dApps). The network offers military grade encryption, with absolute transparency. The network is built on top of the Cosmos SDK which leverages the Tendermint Blockchain. Indeed, the high security and governance of the ecosystem is assured by its validator network.
However, the Sentinel ecosystem aims to empower universal access to the internet in a trusted and provable manner. The main focus of the ecosystem is to offer a framework for the construction of decentralized Virtual Private Networks (dVPNs).
Sentinel Network is a leader in the dVPN industry
Sentinel ecosystem strives to prove that decentralized networks have the ability to offer utility with incentivization for the user. dVPN built on the network is installed on over 2,00,000 Android devices. Moreover, the application is being used by more than tens of thousands of non-crypto native users. The dVPN is the first to use a traditional payments system to incentivize a distributed and decentralized network of bandwidth node hosts.
Following the current scenario, the ecosystem is expected to consist of dozens of cross-platform dVPN applications created by other developers. It can be concluded that dVPNs on the network have the ability to onboard millions of users. And generate revenues significantly to take away the market share of centralized VPNs.
How Sentinel’s mainnet transition helped the ecosystem?
The transition of Sentinel network mainnet remained significant for the ecosystem. The transition brought an opportunity for the ecosystem to transform to a fully transparent and well-funded network. Furthermore, the network is capable of aggressively onboarding more developers and marketing resources.
The Sentinel Network is unable to achieve community expansion. Although, in 2018 and 2019, the aggregate market cap of all dVPN projects combined stood at less than $10 million at a point. And today, the market capitalization surged to $500 million. However, following the scenario, it is observed that Sentinel is currently having the highest degree of quantifiable user adoption in the dVPN sector.
The network will focus on the scalability of development resource
Earlier last year, Sentinel network conducted a strategic capital raise of $3.5 million. The funding round was participated by Woodstock Fund, AGE Fund, Atka Capital, Panega Blockchain and others. It is known that the ecosystem will be using the raised funds to scale development resources dedicated towards the roadmap. It is expected that the increment in development resources will increase overall bandwidth.
