What is Orchid?
Orchid: Open-source VPN built on Ethereum for secure bandwidth.
Orchid Labs aims to create open-source tools that maintain a free and accessible internet for everyone. Founded in 2017, they are initially focused on developing an open bandwidth marketplace on Ethereum, along with a VPN client for various operating systems.
The Orchid Network uses relay and bridge nodes that stake Orchid tokens (ERC20) to earn fees for providing bandwidth. A decentralized Ethereum smart contract stores the node list, making it accessible and editable by anyone globally.
Users can use the Orchid App as a VPN on their phones or computers. The app uses a probabilistic nano-payment system to dynamically purchase bandwidth. Security is enhanced at each relay hop, exceeding traditional VPNs. No single relay receives personal information. Users can change providers based on speed, price, location, and market availability.
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