It’s been a long time since I wrote an article, and I happened to receive an invitation for a new currency from Coinbase Earn recently (but it seems to have been received late), and it just so happened that the cryptocurrency market seems to have suffered heavy casualties recently, so let’s share it for free!

This time, we will introduce the project Orchid, which focuses on network privacy. The ERC-20 token issued is called OXT. In short, it is a peer-to-peer decentralized VPN tool platform. Users can purchase bandwidth by paying the provider OXT. In this way, a circular ecology of supply and demand of users and suppliers can be achieved. Let’s first introduce two anonymous tools that you often hear about:

VPN (Virtual Private Network): A virtual private network, by encrypting traffic, allows users to browse the Internet anonymously and securely without supervision.

TOR (The Onion Router): Encapsulates messages layer by layer through onion routing, and transmits them through random multi-node random paths. Each node knows where they are delivered, but cannot know the internal information, thereby allowing users to Browse anonymously.

Orchid wants to improve the problems caused by these two anonymous methods through token rewards. Through the token reward mechanism, users pay OXT to purchase the bandwidth of node suppliers, and can be changed at any time. More OXT nodes will strive for traffic and income. In this way, the entire ecology can be improved.

Anonymous working mechanism

Just like the name on Coinbase Earn, Orchid is like a shared car rental platform like Uber. Users rent such anonymous services through Orchid, and there are multiple different nodes to choose from. Users can switch between different nodes at will. Or construct a multi-hop anonymous path through multiple nodes, and pay through the token OXT, users do not need to provide their own identity, credit card or billing address, and then through a method similar to onion routing, Orchid constructs The multi-node random jump method ensures the protection of traffic information and ensures the anonymity and security of users' information.

pledge

In order to sell the bandwidth provided by the node, the node must pledge OXT. According to the number of pledges, the more OXT pledged, the node has a higher chance. The smart contract provides the bandwidth of the node to the user. This It means that the more tokens pledged, the more users and income the node can reap, and a supply and demand cycle is constructed. When the node wants to withdraw these pledges, it must go through a three-month Cooldown to get it back.

Summarize

Orchid hopes to solve some problems of current anonymous tools through the token model, and also reduces the cost of intermediate payment of OXT through Orchid Nanopayments, and because the value of pledged OXT comes from the service provided by the supplier, the quality of the supplier's service directly affects Its income is used to ensure the quality of the overall service. Generally speaking, it is a very good project. Although only the Android version can be used at present, if Apple can use it in the future, I would like to try it out. I can save it through Coinbase Earn first. Use it later, and finally if the content is helpful to you, please help me clap and click LIKE!

Attached is the invitation link to get the coins this time. If you haven't got the coins, you can go and get them: click me

If you want to know more about Orchid, you can click the following link: Official website (optional Chinese)      white paper