Orchid Protocol price is $0.103, 上 1.28% in the last 24 hours, and the live market cap is $60,914,854.15. It has circulating supply of 591,544,729 OXT coins and a max supply of 1,000,000,000 OXT alongside $5,180,489.881 24h trading volume.
Orchid Protocol is a decentralized, open-source network that provides users with an extra layer of privacy and security when browsing the web. It uses a combination of blockchain technology and cryptocurrency to create a secure, anonymous marketplace for buying and selling bandwidth. The protocol works by connecting users to providers who offer their internet connection in exchange for Orchid tokens (OXT). By using the Orchid Protocol, users can access websites without being tracked or monitored by third parties.
The Orchid Protocol utilizes a unique system called “Proof of Authority” which allows providers to prove their identity and trustworthiness before they are allowed to join the network. This system ensures that only reliable providers are able to participate in the network, providing users with greater peace of mind when using it. Additionally, all transactions on the network are secured through encryption, making it even more difficult for third parties to track user activity.
The Orchid Protocol also offers advanced features such as multi-hop routing which allows users to route their traffic through multiple nodes for added anonymity. This makes it even harder for anyone trying to monitor or track user activity online. Furthermore, the protocol also supports Tor integration which adds another layer of privacy and security.
Overall, the Orchid Protocol is an innovative solution that provides users with an extra layer of privacy and security when browsing the web. By utilizing blockchain technology and cryptocurrency, it creates a secure marketplace where people can buy and sell bandwidth anonymously without having to worry about being tracked or monitored by third parties.
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