Orchid Report by Jesse

Welcome to another awesome week in crypto. This week we’ll be looking at something a bit older that recently underwent a ride on the Portnoy hype train. Naturally, we all want to know if the potential is still there after the dust has settled. So this week we’ll be taking a look at the privacy-focused Orchid Protocol.

Introduction

Orchid Protocol (OXT) is building a decentralized, open-source technology to provide anonymous internet access to people across the globe. In particular Orchid wants to focus on providing services to individuals who live in countries with excessive government oversight of their browsing. Orchid Protocols solution to current privacy software that is commercially available and centralized, or peer to peer without proper incentives is to create a Virtual Private Network (VPN) marketplace using the Ethereum blockchain. This bandwidth marketplace allows users to stake tokens and become node providers on the network. Clients of the network construct single or multi-hop onion circuits by selecting nodes randomly weighted on stake and filtered using secondary criteria like price and location. Orchid uses a probabilistic payment system which can scale to millions of transactions per second, enabling a highly liquid bandwidth market without a trusted central party. By using the Orchid VPN services, users are paying computers in a marketplace that are routing traffic, enabling anyone to become an internet provider. Whereas in most VPNs you have a series of VPN servers that are either in one location or many locations. In Orchid you can route traffic between different VPN servers in a network or between multiple VPN service providers to make for a more flexible system with added security and increased privacy.

Orchid is essentially seeking to

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