Review on Orchid by David Olayide

Name: Orchid
Item: Orchid
Rating: 3

March 18, 2021

The Orchid Network VPN Features

Let us take a closer look at the cryptocurrency affiliated project called Orchid which is quite peculiar and so, quite different from the regular cryptocurrency that we are all acquainted with. Orchid is a platform that operates on the blockchain technology to create a private digital network, known as a VPN .The Orchid network enables a decentralized virtual private network (VPN), allowing users to buy bandwidth from a global pool of service providers.

To facilitate what I just started above, Orchid makes use of an ERC-20 utility token called OXT, a new VPN protocol for token-incentivized bandwidth proxying. In fact add the use of smart-contracts, algorithmic advertising and payment functions to the list of used for the OXT token. User’s of the Orchid project can connect to bandwidth sellers by making use of a provider directory, and then they pay using probabilistic Nano payments so Ethereum transaction fees on packets are acceptably low.

OXT itself as a currency, provides some sort of value within the Orchid network. For example, OXT is a bandwidth provider. You can easily sum up one of the reason why OXT exists, which is to have a digital currency that is specifically tied to consumption of bandwidth on the Orchid network.

To make it easier to understand, let me just say that Orchid is the first incentivized, peer-to-peer privacy network. Call it a unique VPN market, that is fueled by a digital currency known as OXT, and that just about perfectly describes the entire project. So basically, Orchid helps hide or disguise your browsing while you browse the Internet. Your traffic is routed between one or more VPN providers to reduce the risk of being tracked. 

If you want to keep your identity a secret then you can make use of Orchid to remain anonymous. OXT is an ERC20 based token, operating on the Ethereum network.

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