Article • May 7, 2019
Orchid Labs - Building a Decentralized Marketplace for Open and Accessible Internet
Summary
- Orchid Labs aims to build open source software that promotes an open and accessible internet for everyone.
- Their decentralized marketplace for bandwidth includes a commodity specification, a second layer payment solution called Probabilistic Micropayments, and a Medallion system for Sybil resistance and protection against attacks.
- The Orchid App, an open-source VPN client, will be the first application to utilize their marketplace and provide secure access to the internet with added security features.
- Orchid Labs has successfully raised $48 million in private offering to support their mission.
- They have implemented Probabilistic Micropayments on Ethereum and are integrating it into their client and nodes for the upcoming beta.
- Orchid Labs' progress includes the functioning of the Orchid App on iOS, testing, and demonstrations at conferences.
- The company has updated their brand and company narrative to reflect their vision of a protected natural resource for everyone.
- Orchid Labs emphasizes the importance of their contribution in the face of concerning developments and increasing communication control across the globe.
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