So what is Orchid and why should you be interested? Everyone is (or should be) concerned about privacy on the internet. Big brother, the government, money-hungry business wanting to snatch and sell your personal information - all a part of everyday life on the internet whether we like it or not.
Many people, including my household, use a VPN (Virtual Private Network) for at least some level of privacy. But an account has to be created with the company and a credit card used to pay for the service. All trackable when you get right down to it.
That's what makes Orchid appealing to me. It's a peer-to-peer system where your traffic is routed through multiple layers. You don't set up an account with any of your personal information and payment is only allowed through the ERC-20 token of OXT. Entirely anonymous. And since Coinbase has added OXT to their supported currencies you can store, receive, convert, sell and trade Orchid (OXT) very conveniently.
This is a quote from Orchid's whitepaper on current commercial VPN providers:
When the VPN is active, the VPN effectively becomes the user’s new ISP from the perspective of many privacy and trust models. However, this implies that any attack an ISP could previously perform can now easily be performed by the VPN provider. Like other centralized systems, VPNs are only as safe and trustworthy as their controlling corporate entity. Furthermore, their existing payment systems and business models require monthly or longer service commitments with steep price premiums for short contracts, leading to user lock-in.
Orchid intends to provide the means for peer-to-peer buying and selling of bandwidth for anonymous routing of your information. There is an opportunity for you to stake OXT and get rewarded for providing some of this bandwidth. The method used by Orchid is called stake-weighting and is designed on proof-of-work medallions rather than proof-of-stake. Again, you can read more of the technical information in their white paper I linked to above.
If you are interested in getting the basics about this new VPN service and the OXT coin you can view the short videos on Coinbase's Earn and Learn program. There are three short videos that will get you around $4 of OXT for each one. And there is a referral link you can share with friends that you can earn additional OXT if used. My referral link is directly below this graphic showing that I did indeed earn the OXT as promised.
Link to Coinbase'es Earn and Learn to get up $40 in OXT free
I found this program to be very interesting and worthy of more research. I like the idea of more privacy and being able to stake the tokens and earn some income in that way as well. OXT went from virtually unheard of to being in the limelight after Coinbase's unexpected adoption of the token for its platform. Coinmarketcap shows 24-hour volume of $1.8M - not bad for a newcomer.
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Thanks for sharing Tammy, never heard of this coin.
Sounds like a great way to eliminate the identity exposure paying for vpn service brings. Thanks for sharing this!
Privacy is very crucial to the security of individuals activities and identity. I like what Orchid is doing but I hope their charges won't be exorbitant since they are near monopoly.
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This was quite interesting as I had not heard of OXT and Orchid before! Thanks for bringing this helpful information to us! 🙌
One can never be to careful on the internet. Thanks for the info!
It's a very interesting topic, I didn't know many things you talk about in your post, thanks
Looks interesting. Thanks for sharing
I've not heard of OXT @blueeyes8960, but I have heard of a number of privacy-based cryptos: Monero, Horizen, and more recently LOKI - "... privacy tools that enable untraceable, secure transactions and anonymous communication."
Do you wonder about which one of them to actually use? I find the sheer number of cryptos to be almost overwhelming. And deciding the relative merits of each a big challenge. The value proposition of this area of privacy is no different. Makes me wonder why CoinBase choose this one to highlight? Because they are putting their global "brand" behind recommending it for our use? Or?
Thanks for bringing it to our attention!
Hello @blueeyes8960,
It is an interesting information to evaluate a VPN that guarantees our privacy and digital security in communications.
Being free from the big brother, every day is more difficult.
Thank you for sharing this valuable information.
There's just so much new things happening in this world, and it forever changing. I have no idea to keep up with all this new things. So, I tend to leave it to my hubby to deal with all this. I know it isn't right but that's just me.. No matter how career headed I am, it's my hubby that I lean on too
In these times when there are so many cyber-criminals, this kind of alternative is good. This was very interesting and novel. Thank you for bringing us this useful information! 😉
Interesting read. I am always doing those read and earn things on coinbase. I think I have accumulated a little of everything by now.. lol. Some of them you need an invite before you can learn and earn. They usually email me. Thanks!
Thank you for the valuable information and well written post!
Very cool. I wish I better understood all you said though. I have some catching up to do!
:-)
Don't we all. But there's plenty of (dream) time.
Thank you so much for sharing this interesting info.
Did never think about the possibility of VPN comapanies attacking you but it makes a lot of sense. Thanks for share this great opportunity to participate in this new form of protection for the privacy!!
Great post, @Blueeyes8960, thanks for the info I'll be visiting soon with your referral!!
Thanks for this. Never heard of it before.
I was looking for a VPN recently and came across Orchid. Not sure why i didnt choose it.
Instead i chose Surf Shark - $48 for 2 years. It seems to work very well, but yes, i paid by card so ultimately i could be tracked if "the powers that shouldn't be" find out i'm attempting to introduce The Matrix-8 Platform to the world, which will shake them out of their socks (which will be full of their poop) once they realise it's potential.
Lets hope a bunch of Steemians also realise it's potential and help to bring it onto Steem to save us from any future Justin Sun type issues, and senf Steem into Orbit!
Perhaps i better get Orchid too!
Namaste
Atma
Great information that is very useful in times of so many virtual criminals in the networks. Thanks for sharing, a hug for you. @blueeyes8960
Sounds interesting, but in ZAR Rands we cannot afford any paid services.
Blessings!
I looked at Orchid too! And I always use a VPN, even at home. I haven't tried Orchid yet, but do mean to. I'm interested to see what the quality is like.
Interesting, I was not familiar with Orchid @blueeyes8960. Thanks for sharing with us.
!trdo thanks for the info @blueeyes8960 👍
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That looks like a really great service, @blueeyes8960. I’ve intended to check out those learn and earn programs. I’m glad to hear you’ve had a good experience with it and had a good find in the process!
This sounds like an amazing service, I'm definitely checking it out.
Thanks for sharing!
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Howdy blueeyes8960! this is a really cool idea and I bet they'll be very successful. By the way, the other day I saw on the news that hackers had hacked into a bunch of VPNs! Not supposed to be able to do that but they did.
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Very nice! Thanks for sharing, I will check this out in more depth it looks promising. !trdo
Hi @blueeyes8960. I have heard of VPN, but really don't know too much about it. I'm not too tech savvy when it comes to the computer and internet, sad to say. so I wouldn't know that use Orchid would be. Thanks for the information, though. I'll pass it on to others I know.