Hello folks, here’s an idea that I thought was very interesting:
A Decentralized VPN Protocol secured by EigenLayer, focusing on data privacy, performance and cost-effectiveness. The proposed protocol aims to enable users to access a decentralized VPN network using the computational resources available off-chain (provided by Ethereum validator nodes) while ensuring privacy and security.
The Decentralized VPN Protocol would be implemented in the following stages:
- Node Initialization: Ethereum restakers that opt into the Decentralized VPN Protocol would run a Docker container on their nodes to offer bandwidth and minimal computational resources to form a decentralized VPN network.
- Connection Request: Users send connection requests to the Decentralized VPN Protocol smart contract, specifying their desired VPN server location and other preferences.
- Node Selection: The smart contract selects an appropriate participating node based on the user’s preferences, taking into account factors such as server location, load, and reputation.
- Secure Connection Establishment: The user establishes an encrypted connection with the selected participating node, ensuring that their internet traffic is securely tunneled through the node.
- Traffic Routing: The participating node routes the user’s traffic through the decentralized VPN network, allowing the user to access the internet with enhanced privacy and security.
- Connection Termination: When the user disconnects from the VPN service, the connection with the participating node is terminated.
The proposed Decentralized VPN Protocol will consist of the following participants:
- EigenLayer restakers: Ethereum validator nodes responsible for providing bandwidth and computational resources for the decentralized VPN network. Participating nodes are compensated for their resources and contribution to the network.
- Users: Individuals and entities that connect to the decentralized VPN network in exchange for a usage fee.
Compensation for Bandwidth
The Decentralized VPN Protocol restakers would receive ETH compensation for the bandwidth they provide to the protocol. This compensation would incentivize nodes to participate in the Decentralized VPN Protocol and ensure the sustainability of the network. This compensation would come out of the pockets of the users. (hopefully in a very cost efficient manner)
Slashing to maintain Data Privacy and Security
The Decentralized VPN Protocol would impose a slashing penalty for participating nodes that do not demonstrate a strong commitment to preserving user privacy, security and connection quality. This could be achieved through a reputation system that takes into account factors such as node uptime, connection quality, and user feedback. By negatively incentivizing nodes to maintain high privacy, security and performance standards, the protocol ensures a reliable and trustworthy VPN network.
In summary, the Decentralized VPN Protocol secured by EigenLayer aims to provide a secure, private, and affordable VPN solution by leveraging the power of Ethereum validator nodes. Users benefit from enhanced online privacy, security and a wide variety of geographical server locations, while participating nodes are compensated for their bandwidth, as well as their commitment to preserving user privacy and security.
I’m no expert in many of these topics but it seemed like a VPN service fit the bill for a light Actively Validated Service. What do folks think?