FAQ

  • About Orchid

    • What is Orchid?

      Orchid is a decentralized, market-based system for anonymous communication and virtual private networking, including a bandwidth market where node providers stake tokens to advertise their services using the Ethereum blockchain and receive payment in OXT (Orchid’s native cryptocurrency)

    • What is the purpose of Orchid?

      Orchid’s mission is to build Open Source software that keeps the internet open and accessible — a natural resource for everyone, everywhere.

    • How does it work??

      In the Orchid marketplace, incentives are used to create economic security and reliability between clients and servers in a permissionless way. This peer-to-peer marketplace is dynamic; clients can select single- or multi-hop onion routed circuits by selecting nodes randomly weighted on stake and filtered on secondary desiderata (price, location, etc.). A single hop route has the benefits of a normal VPN connection, creating a tunnel to route your traffic over a public network or your ISP, while a multi-hop connection provides additional privacy benefits by securing your network data from any one provider.

    • When will it go live?

      We anticipate to launch the Orchid network in Q4 of 2019.

  • On Technology

    • How does the Orchid token (OXT) work?

      OXT is a “pre-mined” cryptocurrency based on the ERC-20 standard that will be used to decentralize trust between buyers and sellers in the Orchid marketplace. It also functions as a tool to promote security and healthy market dynamics, as providers can adjust their OXT stake to remain competitive. At launch we intend there to be a limited supply of one billion (1,000,000,000). We do not intend ever to create any additional OXT.

    • How does Orchid distinguish itself from VPNs?

      Traditional VPNs today are limited; the centralized nature of their offering cannot compete with the distributed properties of combining multiple different providers to offer multi-hop level security. And even if a single company offers multiple hop VPN routes, there is still a single centralized entity you are placing your trust into. Using a distributed system allows you, as a user, to distribute trust across multiple distinct VPN providers, thereby breaking apart the flow of your information so no single entity can see the entire picture. Such a system is not possible when purchasing a VPN service from a single provider.