TBA The Orchid Protocol is the decentralized, open-source technology
Additionally, the project has captured the attention of several high-profile venture capital companies, meaning a public sale may not even be necessary. It rewards people who provide nodes in the network for sharing their resources and bandwidth in a peer-to-peer transaction using OCT tokens. Fold’s ICO came out of the company’s interest in finding a way to store private information (specifically, gift card data) on a public blockchain. The Orchid protocol is their contribution to this movement for internet freedom—meaning internet that can’t be controlled by corporations or governments and is open and accessible to all. This is the story behind the Orchid Protocol, an ambitious project with a great promise: it’s time to end Internet censorship.
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- Medallion creation must be easy for a non-malicious node to create.
- Medallions must be easy to verify.
- Medallions must be difficult to create in bulk.
The Company establishes a peer-to-peer tokenized bandwidth exchange, using an overlaying Network built upon the Internet itself.
Orchid Protocol was founded by five people. Orchid is a new “surveillance-free” layer on top of the existing Internet platform which allows users to bypass firewalls, access information, and communicate freely. About Orchid Labs Inc. Orchid Labs Inc. is an open-source project committed to ending surveillance and censorship on the internet. Giving everyone the opportunity to practice free speech and access all information was one of the reasons the internet was created. They see the growing surveillance and censorship in oppressive countries as more reason for privacy on the internet.
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According to Freedom House, two-thirds of all internet users live in countries where censorship and surveillance limit their ability to access information and communicate.
Research has shown that a vast majority of citizens support Net Neutrality and if something like Orchid Protocol is adopted it can help to ensure its survival. Yet, with the Orchid technology the only way that a country could block the system would be to shut down the internet. Cryptolingo sees huge potential in Orchid Protocol and what they are trying to achieve as an investment, but more importantly on a humanitarian level. However, the Orchid protocol team will have to be prepared for massive censorship of their software if not backed by regulators. Users that want to access an uncensored & unrestricted Internet (bandwidth consumers) access pay the bandwidth contributors in Orchid tokens through a peer-to-peer (P2P) exchange.
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That is why we have created ALE – the platform to implement project management decentralized services, with a blockchain as a central element in it.
The Company started raising seed capital since March 2017 and has so far raised $4.7 M in the form of SAFT (Simple Agreement for Future Tokens). They point out that 75% of the global population have their internet restricted or censored in some way, while ISPs are allowed to mine and sell their data. If Orchid is effective it can potentially drastically change how we use the internet and even provide greater access to the free internet globally. Those that seem the anonymized internet access can pay for using tokens. Unfortunately, as the Internet grew it became a place where people could be monitored, controlled, and censored.
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Orchid Labs was founded in 2017 by Stephen Bell, Brian J.
Instead of grand ideas of decentralizing the internet, the Orchid protocol could be thought of as an additional layer on top of the existing infrastructure. It also puts forth an incentive program for people to run relay and exit nodes allowing for anonymous browsing, hence ending censorship and access restriction. The drive behind the Orchid project is take on the excessive powers of both the state and the companies that have undue tracking power. Another security-focused token to open its public sale soon (likely in early 2018) is NuCypher. They are planning to issue tokens as part of the project on the Ethereum blockchain.
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Orchid labs has received a total of at least $4.7m in venture funding for the development of a truly private internet.
Source: Orchid Labs In a nutshell: A peer-to-peer tokenized bandwidth exchange for a censorship-free Internet. The Internet was originally an open platform where people could freely learn and communicate. For instance, as Stream’s market capitalization rises, it will emit new tokens and split them up between existing token holders and creators. Orchid allows users to create nodes that rent out bandwidth and provide anonymized internet access to those that require it.