• Dapps:16.23K
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  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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Orchid

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Ethereum
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News

Ethereum Researchers Introduce SPHINCS for Quantum-Resistant Signatures

Ethereum Researchers Introduce SPHINCS for Quantum-Resistant Signatures

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Ethereum researchers introduce SPHINCS, a post-quantum signature design for enhancing wallet security against quantum computing threats.
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David Robinson

Bitcoin Faces Major Liquidation Event Amid Price Fluctuations

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Bitcoin traders faced significant liquidations as the price fluctuated sharply, resulting in nearly $980 million in liquidations within 24 hours.
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Maria Gutierrez

Sky Governance Forum Emphasizes Editorial Policy

Sky Governance Forum Emphasizes Editorial Policy

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The Sky Governance Forum has established a strict editorial policy that focuses on accuracy, relevance, and impartiality.
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Andrew Smith

What is Orchid?

Orchid — a platform that supports a routed network, OXT billing and a multi-connection VPN client. The Orchid community believes in the principles of open source.

Contents:

Orchid - blockchain servers

How does Orchid work?

Orchid providers use an Orchid server that accepts connection requests and provides VPN services in exchange for immediate nanopayments.

Users manage their accounts on the blockchain themselves, using a DApp application. Users of fiat currencies can use an account with a prepaid access system, managed by Orchid. Each account consists of a public-private pair of details, a special replenishment wallet that manages the account and an account budget (deposit and balance) that determines how efficiently the account transfers payments.

Some features:

1. The Orchid network uses a decentralized virtual private network (VPN) that allows users to purchase bandwidth from an international pool of service providers.
2. To do this, Orchid uses a new digital currency OXT, a new VPN protocol for paid proxy server services, as well as smart contracts with algorithmic promotion and payment functions.

Orchid uses non-blockchain probabilistic payments to create a liquid market for buying and selling throughput resources. Bulk payments enable trustless transactions, reducing the implied floating balance between buyers and sellers. Market participants can send and receive payments as they work.

Multi-chain support gives users an alternative to the high gas costs of Ethereum by allowing them to pay for services on other chains.Orchid

The multi-chain system gives users and providers the ability to find where the cost per transaction is lower and provides each user with the most competitive network fees.

VPN system

The Orchid VPN app combines the Orchid decentralized marketplace with other network components. The client protects the user from the curiosity of Internet service providers, unblocks sites blocked by firewalls and protects privacy. Bandwidth vendors receive real-time payments to provide services and bid on OXT to compete for user requests.

The Orchid prepaid system allows users to pay for VPN credits in xDAI stablecoins with fiat currency through a simple in-app purchase on mobile devices. These credits are used only for VPN services from selected Orchid providers. The system allows you to comfortably start working in 30 seconds by topping up your xDAI account with any bank card, connected to the user's phone.

The source code for Orchid is completely open source. You can download it from GitHub. Use of the Orchid source code is subject to the AGPLv3 open source license with reserved copyright. Follow the development of the project: the OOrchid community develops the code "in the open", constantly making changes. The change history can be viewed on GitHub and in the corresponding release history.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.