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orchid.com Ico Review

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Orchid is a decentralized, market-based system for anonymous communication and virtual private networking, including a bandwidth market where node providers stake tokens to advertise their services using the Ethereum blockchain and receive payment in OXT (Orchid’s native cryptocurrency).

The Internet opened up an unlimited world of information. Its creators invited them to bring their curiosity and explore that world freely.

As the Internet grew, exploring freely became harder. Web 2.0 business models incentivized companies to watch and track them and sell their data. And in some places, limits were placed on the information they can see.

But that is changing. The decentralized Web 3.0 being built on Ethereum is allowing the Internet to be reclaimed by its users.

At Orchid we share in this mission. They use Web 3.0 technology to offer users better digital privacy today, so they can realize the promise of the Web 1.0 and explore freely again.

Orchid was founded in 2017 to help restore the open and accessible Internet for everyone. Since then, they have grown an incredible team based in San Francisco and Berlin that is releasing the Orchid tokenized VPN in Q4 2019.

Essential Information
Token Name Orchid.com
Token Symbol OCT
Whitepaper View Whitepaper
Website Link https://www.orchid.com
Event 9–15 September | Blockchain Week 2019
Country Japan
World Rank Alexa
Whois View here

More About orchid.com :

The Internet, once a free and open frontier , is today increasingly fractured, surveilled , and censored .  As governmentsand corporations have become ever more effective at monitoring , inspecting, and blocking connections, demand for privacy and anonymity tools such as VPNs (Virtual Private Networks) has grown mainstream. While VPNs work
well enough for most use cases, they suffer from inherent weaknesses in the centralized trust based model. Users have little assurance that their VPN provider is not secretly logging and sharing data due to government coercion or the lure of additional revenue. The recurring payment and pricing models of VPNs create lock-in effects, preventing users from cheaply and rapidly switching between providers when one is blocked or slow. Current peer to peer systems such as Tor[1] or I2P[2] construct multi-hop circuits to hide route information from any single party.
However these systems are free and thus suffer in terms of both performance and security. Performance and quality suffers because of poor incentives and the very limited supply of donated free bandwidth. Security likewise suffers from the low takeover cost for an attacker to provide a significant fraction of total network bandwidth.
What is needed is a peer to peer privacy network with proper economic incentives and nanopayments, allowing clients to construct single or multi-hop routes from a unified global pool of nodes from many distinct providers. An open market system can ensure that the supply of bandwidth, provided by profit motivated sellers, can scale elastically with growth in demand from users. The use of cryptocurrency contractual mechanisms can provide the necessary incentives against malicious behavior.
There are several core challenges driving our design: traffic analysis, sybil attacks, and the random selection problem. They describe each briefly before describing Orchid itself in detail.Traffic Analysis
It is quite difficult, in theory and practice, to send a message without leaking any information to parties other than the recipient. In A mixing network, first proposed by Chaum[3], messages are routed through a number of proxy nodes, randomly reordered at each step, and encrypted in layers like envelopes containing envelopes. Onion routing, a later development adopted by Tor[1], uses the same layered encryption concepts combined with unique random proxy node paths (circuits) for each persistent connection instead of a single shared circuit for greater scalability.
Traf ic analysis is still a potential problem[4], but can be overcome at a significant performance cost by bandwidth burning (padding) and/or random message delays. Collusion is another serious problem: if at least every other node in the circuit is cooperating they can infer the complete circuit.
Sybil Attacks
In any open network, agents can create many fake identities, presenting as a large number of independent nodes which in fact are all actually colluding. Retaining the property of openness while preventing a single attacker from overwhelming the system can be difficult. One solution to this problem is proof-of-work, originating in
HashCash[4], later adopted by Bitcoin[5], and proposed as a sybil defense in the earlier Orchid 0.9.2[6]. Proof-of-work requires each node to expend computational resources to prove their identity. Creating many fake identities would thus require a proportionally higher cost expenditure. Proof-of-burn is similar in effect but requires
only proof of destruction of crypto-currency, which has the advantage that the value of the currency burnt is
redistributed to the currency stakeholders rather than fully wasted. Proof-of-stake based cryptocurrencies require
users to stake currency to receive block rewards and participate in the network. They use a stake-weighting system to
defeat sybil attacks and align incentives, providing key economic security advantages.


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