Orchid Protocol (OXT)
What is OXT?
The Orchid Protocol (OXT) is a decentralized, open-sourced technology from an internet. The Orchid protocol is committed to ending censorship and surveillance on the internet. Orchid is in the process of building what will be the most reliable and resilient too to ensure the internet remains accessible globally.The protocol uses an overlay network that is upon the already existing exchange, creating an inclusive and liberated internet. Orchid is a new censorship-free, surveillance-free layer that allows users to bypass access information, firewalls and communicate freely.
How does it work?
The project a fully decentralized protocol. In addition, Orchid allows users to access an uncensored internet and pay Bandwidth contributors through a peer-to-peer exchange using Orchid tokens. Central authorities can not monitored the payment or the traffic. Coupled with both contributors and consumers will enjoy a surveillance-free experience that if fully anonymous.
What is Orchid Purpose?
The main purpose of the Orchid protocol is to make the internet free of censorship and surveillance. The team behind the protocol plans to work on the core technology of Orchid until they have a solution that will prove anonymous and uncensored.
Who is behind Orchid Protocol?
The project is founded by five-member who include entrepreneurs, technologist, and blockchain experts. Stephen Bell is one of the founders together with Jay Freeman, Brian J. Fox, Dr. Steven Waterhouse and Gustav Simonsson. Stephan spent 10 years banking Chinese’s seed stage startups. He was working in the US and China before founding another company called Trilogy VC China. Bryan is an open-sourced advocate and an entrepreneur. Jay in a software engineer and developer, while Gustav is also an engineer and developer. Dr. Steven is an experienced entrepreneur and an investor. He is also the co-founder of RPX Corp.
The OXT token is an ERC20-compatible token that has additional features that support extremely low transaction costs.
In short, the protocol is available in private alpha, which selects recipients. In addition the OXT software will be published to the open source community late 2017 and a public beta on the protocol will be offered early 2018. The public Beta the Orchid Protocol makes internet freedom a reality.