This short presentation covers the Orchid (OXT) crypto and VPN network. It is built on top of Ethereum and creates a secure Internet connection with the Orchid app. Anyone can be a bandwidth provider by locking up (aka staking) some OXT coin and becoming part of their directory. They face many challenges since I'm not sure if VPN will be obsolete with so much privacy tech being born. They also have quite a few competitors. It was a highly educational study, none the less!

1. ● An open source, peer to peer privacy app using crypto.
● A virtual, decentralized VPN for your phone.
● Orchid app creates an encrypted Internet connection.
● Activities are routed through Orchid providers (nodes)
● Built on the Ethereum network (small fees)
What is Orchid (OXT)
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2. ● No monthly fees
● Pay for your usage only
● Backbone is a pool of bandwidth providers
● One account for all your devices and multiple users
● Switch VPN providers (nodes) when you want
● Route through multiple nodes
Features of the Orchid Network
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3. ● You buy bandwidth with OXT
● The OXT is sent to a Web3 crypto wallet
● Connect your Orchid account to the wallet by creating keys
● Send Ether (ETH) for network fees
● Tap the app to turn on a secure connection
● Tap it to switch providers if you are not happy with this one.
● You pay for the bandwidth you use with nanopayments
Using the Orchid VPN Network
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4. ● Anyone can be a node, getting paid in OXT
● You stake OXT to become a node, random selection
● More OXT staked means more chance of being chosen
and rewarded by the network.
● Node registry is on Ethereum
● Many transactions, many fees, many parties
Running a Node (Being a Provider)
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5. ● You can only pay with OXT, no card or info shared
● Layered encryption with multiple hops
● Decentralization makes it harder to spy
● No monthly VPN subscription
● Traditional VPNs can see your activity and sell it.
Orchid vs Traditional VPN Network
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6. ● A new VPN protocol
● Incentivizes bandwidth proxies with OXT
● Smart contracts govern advertising and payments.
● Ethereum fees are kept low with nanopayments.
● Node directory allows users to choose.
● Runs on top of WebRTC, a web standard for browsers,
video and data “Real Time Communications”
Orchid Technical Details
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7. ● Will users care more about their privacy in future?
● Will encryption advances make VPNs not relevant?
● Competition: Mysterium? Tachyon? NordVPN? Lethean?
● Is there enough demand for all these startups?
Questions Going Forward
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