Orchid: Bringing Decentralization to VPNs
Whenever we browse the online, read news online, or purchase a replacement pair of glasses from an e-commerce store, we leave traces. These traces sometimes show us content that really provides us Cryptocurrency Press Release Distribution with value, but more often the knowledge we leave is employed in concerning ways with scandals like Cambridge Analytica just forming the tip of the iceberg.
Fortunately, tools like VPNs allow everyone to simply gain more privacy and increase the safety of their network connection. A VPN (a virtual private network) sends your data through an encrypted tunnel that can't be accessed from outside. Initially especially employed by companies to attach employers securely to Blockchain Press Release Distribution, the corporate network, nowadays VPNs are readily available to anyone. However, many VPNs are centralized services that themselves log and sell users’ data even while claiming to not , which are susceptible to being blocked and pack up , all while locking users into high-priced, long-term subscriptions and hoping they ditch the recurring payments.
One company that's performing on offering a VPN solution tackling these problems is Orchid. Orchid offers a decentralized VPN service built on the Ethereum network and powered by the Orchid network.
The network consists of users on one hand who want to access the VPN services and bandwidth providers that are running network nodes and providing the bandwidth on the opposite hand. To bring those two together and align their interests, Orchid has issued the orchid token (OXT). The token allows Bitcoin Press Release Distribution Services users to buy services on the go, and bandwidth providers stake Orchid tokens as a gift for acting as a network node. All nodes run a software VPN daemon that speaks the Orchid protocol and is registered during a node registry. This registry is stored in an Ethereum smart contract, accessible to anyone, and allows the app to seek out servers and different geolocations within the decentralized network of providers.
Unlike other VPN services where you've got to pay on a subscription basis, Orchid allows you to pay only the bandwidth you really use once you use it. this is often made possible by a technology called nano payments. because the name suggests, these are tiny fractional payments and as you'll imagine, wouldn’t be feasible on Ethereum’s layer 1. Therefore the team behind Orchid developed their own technology loosely supported a technology that was already developed ICO Press Release Distribution service within the 90s: probabilistic nano payments. Probabilistic nano payments aim to scale back the transaction costs on small payments by amortizing these costs across users and transactions. In Orchid, rather than sending $1 on to a node a ticket with a tenth chance of winning, $100 is shipped . Once the ticket has been verified by the node, it holds cryptographic proof of being paid. the prospect of winning is entirely random and may be influenced by neither the user nor the node. only a ticket is winning is that the transaction recorded on the general public Ethereum blockchain.
By operating this manner , Orchid remains highly scalable, fast, and user-friendly. You won’t need to await your payments to travel through. When using the Orchid App, the default setting may be Cheap Press Release Distribution Services, a single-hop circuit configuration, which protects you from websites seeing your IP and your ISP from seeing which websites you access, and you'll enjoy the web with none ISP firewall restrictions.
For a good higher level of privacy, you'll choose the advanced feature of a multi-hop configuration, that ensures that nobody bandwidth provider could put together a full picture of your activity, adding an additional layer of protection from having your data or identity known.
All in all, Orchid is an easy-to-use privacy-enhancing VPN that mixes the advantages of a decentralized network with a cryptocurrency and a p2p marketplace of bandwidth providers to empower anyone to more securely and openly access the online .
The Orchid token (OXT) are going to be listed on the Bitcoin.com Exchange on Wednesday, August 5th, at 10:00 am UTC with OXT/BTC and OXT/USDT trading pairs.
Orchid takes a replacement approach to digital privacy with the primary peer-to-peer, incentivized privacy network. On the network, anyone can purchase and sell bandwidth Cheap Press Release Distribution Site using the Orchid digital currency (OXT). Users can browse privately and access content without being limited by their geography. With its decentralized design, multi-hop architecture, and Open Source ethos, Orchid offers users unprecedented digital privacy during a trustless context.
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