Buy Orchid in Australia on CoinJar
Orchid
OXT
Overview
What is Orchid?
Buy Orchid (OXT): Orchid (OXT) creates a unique, decentralised VPN to enhance online privacy. Learn what is and why people use it.
Think of (OXT) like a new type of internet privacy tool. It's a decentralised Virtual Private Network (VPN), which means it's not controlled by any single company. Instead, it runs on a network of computers owned by different people all over the world.
Why is a decentralised VPN special?
Traditional VPNs can be tracked or even blocked. Orchid, however, is harder to control because it uses a special cryptocurrency called OXT. This token lets you pay for internet bandwidth from different providers on the Orchid network.
Think of it like this. Your internet traffic is like a package. Instead of sending it through one main road (a regular VPN), Orchid sends it through many different paths (the decentralised network), making it nearly impossible for anyone to track where it came from or where it's going.
Why do people buy OXT?
Privacy
Orchid makes it much harder for companies or governments to see what you're doing online.
Freedom
A decentralised network is harder to censor.
Potential growth
Like other cryptocurrencies, OXT's value might increase over time.
How does Orchid work for users?
Download the Orchid app, buy some OXT, and start browsing privately. The app takes care of finding the best providers and encrypting your data.
Is OXT worth it?
If you care about online privacy and want to support a decentralised internet, OXT might be for you.
seem to be that Orchid is a promising project with innovative features, however like any project, there are things that need to be improved. Many users are excited about the potential of decentralised VPNs and are hopeful that Orchid will continue to evolve.
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TRADE FOR AS LOW AS 0%Frequently asked questions
Is OXT a digital asset?
Yes, OXT is a digital asset designed for use on the Orchid network.
What is OXT's connection to Ethereum?
OXT is an ERC-20 token, meaning it was created using the technical standard of the Ethereum network.
Is Orchid only for tech experts?
No, Orchid is designed for users of all technical levels. The app handles the complex parts.
Where can I buy Orchid?
OXT is available on various cryptocurrency exchanges, including CoinJar.
What makes Orchid different from other VPNs?
Orchid is a peer-to-peer privacy network, meaning it's decentralized and more resistant to tracking and censorship.
Has Orchid received any investment from big companies?
Yes, Pantera Capital is one of the investors in Orchid.
What is the Orchid Protocol?
The Orchid Protocol is the set of rules and technologies that govern how the Orchid network operates.
How does Orchid make payments efficient?
Orchid uses probabilistic nanopayments, which allow for very small, fast payments to bandwidth providers.
How much OXT is available?
The circulating supply of OXT can fluctuate, so check a reliable source for the latest figures.
What is Orchid's market cap?
The market cap is the total value of all OXT in circulation. It varies with the price of OXT.
Can I use OXT on other networks?
OXT is built on the Ethereum network, but it can be used to pay for bandwidth on the Orchid network.
Does Orchid offer a traditional banking experience?
No, but Orchid's payment system is similar to interactive online banking in terms of its user-friendliness.
How does Orchid work?
Orchid works by connecting users to a decentralized network of bandwidth providers, making it harder to track online activity.
Who created Orchid?
The Orchid team includes Dr. Steven Waterhouse, Jay Freeman, Brian J. Fox, and Gustav Simonsson.
Is there a time limit on OXT transactions?
No, OXT transactions are typically confirmed on the blockchain within 24 hours.
Are smart contracts involved in Orchid?
Yes, smart contracts are used to manage the relationship between users and bandwidth providers.
When was Orchid released?
The Orchid protocol was launched in December 2019.
What technology is Orchid built on?
Orchid is built on blockchain technology, similar to other cryptocurrencies.
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