Why Web Proxy?
You can get through your government's firewall to browse restricted websites. (e.g. YouTube.)
You can disguise your IP address to hide your identity while surfing the Internet.
You can protect yourself by utilizing the strong encryption while using public Wi-Fi.
Make your IP address unlisted.
Prevent even your ISP from spying on you.
Prevent packet sniffing.
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How Does That Work?
When you connect to a website through a proxy server, you aren't actually connected to the website you're viewing. You're connected to the proxy server, and the proxy is connected to the website. The proxy server will create a cached version of the site you wish to view, like an interactive photocopy, and send that to you.
So, why use a proxy server? Why not just connect to the Internet as usual? Proxy servers allow you to view websites with more freedom and privacy. Because you aren't technically connecting to the websites you're viewing, using a proxy server allows you to view sites that have been blocked by your job or government. Also, you can go to sites with the knowledge that no one will be able to track your movement. Big Brother (or other, less ominous snoops) won't be able to look over your shoulder and spy on you to see what you're reading, watching or saying. Does this slow you down or is it unsafe? No and no.
This proxy is hosted on a gigabit network. While the process of sending a request to a proxy server and waiting for it to send a cached version of the page or file to you may sound slow, cached web pages are actually faster to view. In fact, your computer probably already creates a cached version of the websites you view in order to make your web surfing faster. Also, using a proxy server is secure and stable.