ORCHID LAUNCHES PRIVACY NETWORK.
Orchid, the incentivized peer-to-peer privacy network, has unveiled that its marketplace for private Internet bandwidth is now available for Linux and Android. For the first time, users can control their privacy in a new way, while bandwidth providers can earn income from selling their extra network capacity.
Demand for privacy tools has experienced rapid growth over the past five years: the global market is expected to reach $106 billion by the end of 20221. VPNs are one of the most popular tools, with approximately 1 billion users worldwide2. In their current state, VPNs have been limited by the degree of actual privacy offered; providers have collected and sold user data, have been compelled to hand over users' data, and have been shut down or blocked. By offering users access to a wide array of global providers that anyone can join, Orchid provides a new way to privately explore the Internet.
Existing peer-to-peer privacy solutions hide information from any single party by relaying traffic through multiple servers. These systems have had a profound impact on privacy, but rely on free, donated bandwidth. This has led to limited performance. Orchid motivates network growth and health by creating an environment where bandwidth providers earn revenue for the traffic they receive. Users are rewarded with an easy way to switch between providers, and the ability to customize advanced, multi-hop routes strung between different providers. Orchid users can opt to still use their existing VPN subscriptions, or combine them with Orchid's global pool of bandwidth providers including Private Internet Access, VPNSecure, LiquidVPN, and BolehVPN, and Bloq, a blockchain network innovator.
Orchid's native digital currency (OXT) fuels transactions in the app. In the Orchid app, users purchase bandwidth with OXT, while bandwidth providers receive OXT for their services. Additionally, bandwidth providers must lock in OXT as collateral to join the network. The size of these stakes influences how much traffic they receive - traffic requests are directly proportional to the amount of collateral.
Users can download the Orchid App for Linux and Android. Orchid requires a web 3.0 enabled Ethereum wallet to fund their Orchid account. Users can fund their accounts by purchasing OXT from an exchange, transferring it to their Ethereum wallet, and then funding their account at account.orchid.com.
Orchid takes a new approach to digital privacy with the first peer-to-peer, incentivized privacy network. On the network, anyone can buy and sell bandwidth using Orchid's digital currency (OXT). Users can browse privately and access content without being limited by their geography. With its decentralized design, multi-hop architecture, and Open Source ethos, Orchid offers users unprecedented digital privacy in a trustless context.
For more information, visit Orchid.com.