Article • Mar 26, 2020

Exploring the Utility of OXT in Orchid: Enhancing User Experience and Security

Summary

OXT is Orchid's native digital currency and is essential for the network's operation, being used for transactions and as a means of payment and exchange.
OXT is stored in a nanopayment smart contract, enabling users to send valid nanopayments.
Providers stake OXT to offer bandwidth on Orchid, aligning their incentives with the network's goals.