Most of us use Virtual Private Networks or VPNs in hope of safe and secure browsing and most of the time, our data is not so private on the centralized VPN providers. The Orchid protocol introduces a decentralized VPN service that leaves no data trail on our internet browsing.
The Brave browser is one solution to data privacy from traditional browsers. Orchid protocol, on the other hand, is a decentralized VPN service provider that is built on the ethereum network.
This network has sellers of bandwidth called nodes and the users of the VPNs can buy bandwidth from these sellers using the native crypto token of the protocol called OXT. The VPN service is peer to peer, meaning, the buying and selling of bandwidth happen directly between the user and the node.
Orchid has a mobile app that can be turned on when the user needs to access VPN. Once turned on, users can buy bandwidth from the sellers using the OXT tokens in their wallets. Since it can be bought only with these tokens, there is no use of fiat or credit cards which reveals the user’s identity in public.
Once connected to the VPN, the user uses the seller’s internet servers through an encrypted channel. This in turn makes the user’s data inaccessible to third parties. In addition to that, the orchid app uses layered encryption and a multi-hop to match the seller from the network instead of a single seller. This creates an additional encryption layer that keeps the incoming and outgoing data private.
To use the VPN, you can download the Orchid VPN on your apple or android device and switch it on with a click. Unlike the traditional services, you need to pay only for the bandwidth you use, using the OXT tokens. The payments on the network use nanopayments, where the users pay the bandwidth sellers through the crypto-backed tickets.
When it comes to OXT tokens, they are necessary for all the network use cases. Buyers/users of the bandwidth need to have OXT in their wallets to use the VPN. Sellers or the node also need to have OXT staked. Anyone can become a bandwidth provider or a seller by staking OXT tokens. Sellers with the highest amount of OXT stand a chance to get the bids for selling their bandwidths.
These are ERC-20 tokens with a maximum supply of 1billion, all of which have been created. Orchid Labs held 400,579,272 OXT tokens which will be released in a controlled way. As more and more people are looking for data privacy, Orchid provides a solution with a decentralized VPN.