Orchid is a type of decentralized marketplace for those who require bandwidth and those who are willing to sell it. Orchid is the exchange currency they use among themselves. In Orchid, a distinction can be made between two parties. On the one hand, the bandwidth users who make the Orchid application and use its decentralized VPN service. On the other hand, bandwidth sellers, which are Orchid nodes that exchange bandwidth for Orchid.
The 3 main advantages of Orchid
1.This cryptocurrency was created with the aim of eliminating the weaknesses of traditional VPNs by powering decentralized VPNs. In traditional VPNs, when the internet is routed through a single provider, the provider may abuse the information. However, in order to eliminate this disadvantage, orchid is configured so that there are hops with layered encryption through a decentralized app. Therefore, when routing the internet through encrypted VPN, neither the users who are external nor the internet provider can know what is happening.
2.In addition, Orchid uses blockchain technology in order to keep user information private, something that is not possible with traditional VPNs. This privacy is even greater since payment for bandwidth is made through Orchid and there is no need to use payment methods such as cards or bank accounts.
3.The most characteristic feature of Orchid is that this private network is created by various providers using layered encryption and hops, which are new connections in a private network. In other words, Orchid sends Internet traffic to several servers to reach the destination and therefore the more hops, the more complicated it is to find the origin of this data.
Should I invest in Orchid?
There are people who believe that the increased use of Orchid VPN will cause the Orchid coin to increase as well, as this is necessary to be able to use the VPN. Therefore, this cryptocurrency would be a good investment.
Altcoins can become profitable if the timing is right, and you have to be aware that there is a risk and you have to be prepared to take losses. Therefore, it is better to risk what you can afford to lose.
It is true that the use of VPNs has grown lately and more and more people are demanding a decentralized VPN service and think that Orchid is a great option for this. So we can think that the demand for the Orchid cryptocurrency is going to increase as well, in turn increasing the price of OXT.
If you’re wondering how you can invest in Orchid, you just need to create an account on an Exchange that trades one of Orchid’s base pairs like Binance. You need to have some Bitcoin, a stablecoin or dollars to be able to buy and sell Orchid.