Orchid Labs uses xDai to drive down the cost of its VPN.
Orchid Protocol will be using multichain to drive down the cost of its decentralized VPN service.
It is not a secret that Ethereum gas fees are high. That is why Orchid Labs now uses the xDai blockchain to minimize the cost of its open-source VPN service.
Orchid Protocol, a decentralized virtual private network, will enable users to buy bandwidth from a global pool of service providers, allowing it to be virtually undetectable to the prying eyes. It’s now added support for xDai and other Ethereum Virtual Machine compatible blockchains so that the bandwidth can be purchased with xDai instead of ETH, avoiding the high fees associated with the latter.
Waterhouse co-founded San Francisco-based Orchid in 2017 with Jay Freeman (now CTO), Brian Fox, and Gustav Simonsson. Orchid Labs launched its VPN service last July 2020. The VPN is now available on Android, iOS, macOS, with plans to launch on Windows OS later this year.
The users can purchase VPN credits for $1, $5, or $20 for use in the Pay Per Use VPN service with the Orchid app.
Orchid uses its own cryptocurrency, OXT, to exchange value on the Orchid network. The OXT is an ERC-20 token that the users and providers stake; end-users purchase the bandwidth for use with the Orchid VPN, and the node providers will receive OXT in exchange for providing bandwidth to the network. Exchanges that currently listing OXT include Coinbase, Gemini, OKEX, Bittrex, Kraken, and Binance.
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