Orchid is a crypto-solution to a universal VPN, which factors this version uses blockchain technology. The application is running on the Ethereum blockchain, which means that the service uses decentralized servers.
What creates this VPN potential is something that Orchid is calling "probabilistic nano-payments." This innovation recognizes the user to be charged per IP packet, which processes that they will merely have to pay for the bandwidth they use. Since there is no central authority reaching recognition of the users they can exchange value through the system without involving to compensate high transaction fees. Moreover, the technique of nano-payments is part of an off-chain structure. However, unlike universal payment methods, this is a more private alternative, and it is solely convenient due to the utilization of smart contracts.
To develop into a provider, the user must stake OXT to create a stake deposit. When a user stakes OXT and the funds are locked into the deposit, it can be used for bandwidth provisioning. Once an individual becomes staked the OXT, they can operate an Orchid Node. The more OXT that the individual stakes, the vaster is the chance to get a reward.
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