Audio from the July 27th, 2022 installment of “Polygon Alpha” with Travis Cannell - Head of Product at Orchid Protocol.
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The Orchid Network
- Enables a decentralized virtual private network (VPN), allowing users to buy bandwidth from a decentralized pool of service providers.
- Orchid uses an ERC-20 utility token called OXT, a new VPN protocol for token-incentivized bandwidth proxying, and smart-contracts with algorithmic advertising and payment functions.
- Orchid's users connect to bandwidth sellers using a provider directory, and they pay using probabilistic nanopayments so Ethereum transaction fees on packets are acceptably low.
- Orchid Accounts: Orchid accounts are the decentralized entities that store digital currency on a blockchain to pay for services through nanopayments. The nanopayment smart contract governs Orchid accounts. The Orchid client requires an account in order to pay for VPN service.
- The Orchid Client: An open-source, Virtual Private Network (VPN) client that supports decentralized Orchid accounts, as well as WireGuard and OpenVPN connections. The client can string together multiple VPN tunnels in an onion route and can provide local traffic analysis.
- The Orchid DApp: The Orchid dApp allows you to create and manage Orchid Accounts. The operations supported by the account manager are simply an interface to the decentralized smart contract that holds the funds and governs how they are added and removed.
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Polygon Alpha Podcast
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