The OXT protocol is an incentived-point-to-point privacy network and decentralized VPN An application that enables private access to the Internet. Users pay a fee to the Orchid node provider in exchange for bandwidth. The providers pledge the Orchid token OXT to sell bandwidth on the Orchid network. The provider receives requests for traffic from users in proportion to its equity weight. Its first product is the Orchid VPN client, a tool that connects users to a market of service providers who sell excess bandwidth. The provider must pledge Orchid token OXT to activate its networked devices as Orchid nodes. A list of available bandwidth providers is stored in ethereum smart contracts that potential users can access. Users can choose the providers they want to route to for added privacy.
It facilitates point-to-point bandwidth transactions between relays, Bridges (exit nodes), and users.
Trunk and bridge nodes can pledge Orchid Tokens to receive connection requests and earn bandwidth fees from users. Pledged OXT tokens also keep the system honest by acting as a decentralized reputation system. The list of nodes is stored in ethereum smart contracts.
They allow users to contact when they are used as Bridges and specify their whitelist in their response to bandwidth requests. Users can connect and configure their VPN services through the Orchid application, which purchases bandwidth on the back end using a probabilistic micropayment system (tier 2 payment solution). This enables Orchid's VPN to have multi-hop routing capabilities for connecting multiple trunks and point-to-point, pay-as-you-go models. Orchid aims to separate information about the source and destination of the data so that no relay or agent owns both parts or knows someone's identity.
The Network provides a novel payment framework, Supports payment by packet. Node providers make payments using probabilistic micropayments that are cashed by the providers in exchange for Orchid tokens. In turn, users can use their OXT tokens to access the decentralized bandwidth market and select their routing paths.
