Congrats to Orchid for the debut of OXT trading on Coinbase today, and the general availability of their privacy network. The Orchid network is a decentralized, open source VPN for securely anonymous internet access, even in China. 75% of humans live with restricted or censored access today. www.orchid.com
Full disclosure: I have known founder Dr. Waterhouse (aka Seven) since late last century, and on behalf of our prior firm, Maryanna and I were founding investors along with Sequoia, Andreessen Horowitz and Polychain.
Here is a simple video overview of Orchid (with bunnies 🐇 to demonstrate multi-hop networks).
Coinbase blog: “Founded in 2017 on the principle that the internet should be more open and more accessible to everyone, Orchid offers a decentralized VPN (virtual private network) service that connects individual internet users to a global pool of bandwidth providers. These providers can stake Orchid tokens to share their surplus bandwidth, acting as network nodes. The list of nodes is stored in an Ethereum smart contract that is decentralized and accessible to anyone around the world. Payment for bandwidth is done entirely with an ERC-20 token called OXT.”
Price: for reference, there are 1 billion OXT tokens.
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