Fundamental Web3 protocols like Ocean, Helium, Livepeer, and The Graph are creating valuable infrastructure and marketplaces for services and data.
.@Kdrizzle22 examines @OrchidProtocol and its decentralized VPN marketplace in his recent research piece.
messari.io/article/orchid…
.@Kdrizzle22 examines @OrchidProtocol and its decentralized VPN marketplace in his recent research piece.
messari.io/article/orchid…
Orchid's key piece of infrastructure is nanopayments – probabilistic payments where instead of sending $1, a consumer would send a payment with a provably fair 1% chance of paying $100.
Orchid's infrastructure can be used to create other marketplaces that require nanopayments.
Orchid's infrastructure can be used to create other marketplaces that require nanopayments.
Orchid faces competition from existing VPN providers, but can potentially compete on a few axes:
1) Price - most important for consumers
2) Security - enhanced encrypt, no single server or point of failure
3) Privacy - many VPNs are free but collect your data and sell it
1) Price - most important for consumers
2) Security - enhanced encrypt, no single server or point of failure
3) Privacy - many VPNs are free but collect your data and sell it
Web3 protocols are slowly unbundling valuable internet services into infrastructure and marketplaces underpinned by cryptonetworks. messari.io/article/orchid…
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