Orchid (OXT)

Orchid has created a decentralized VPN network where you can buy bandwidth from other users by paying with the OXT cryptocurrency. Here you read what the Orchid crypto is.

Orchid is a crypto project that has created a decentralized VPN network. A VPN (Virtual Private Network) allows users to use the Internet in a secure and anonymous way. Normally, a user would connect to, say, a web server via a router. The web server can see the IP address of the router and user. Data that is exchanged is not secured, which means that hackers can see the data if they intercept it.

By using a VPN, Internet data is sent from the router to a VPN server before it reaches the web server. So you can think of the VPN server as an intermediate stop. This keeps the user's IP address protected. The traffic is also protected by cryptography, which means that data remains hidden during transport.

Of course, users must be able to trust the VPN provider. For example, a VPN is not secure if the VPN provider can view or resell users' data. However, as a user you never really know if such a provider does what they say.

Orchid wants to solve this problem by setting up a decentralized network for providing VPN services. The VPN runs on Ethereum's blockchain, where a special application is also built to ensure that users leave no traces that could lead to identity.