ArticleSep 15, 2020

Orchid's Recent Ask Me Anything (AMA) Sessions - Insights and Community Engagement

Orchid's Recent Ask Me Anything (AMA) Sessions - Insights and Community Engagement
Summary
  • Staking in the Orchid network can be divided into two types: provider staking and client staking. Provider staking involves providers staking OXT and traffic being directed to providers with more stake. Client staking, in the form of membership deposits, ensures trustable nanopayments despite happening off-chain.
  • Orchid has partnered with non-US VPNs, such as Boleh and Liquid, and the partnership extends to VPNs with global server presence.
  • Orchid nanopayments differentiate themselves from payment channels and state channels by providing efficient broadcast of payments to a large number of providers, assuming users and providers send and receive enough payments to offset variance.
  • Orchid's potential use cases extend beyond bandwidth marketplace to include paying for content, streaming services, and new network routing architectures.
  • DeFi is seen as a disruptive force enabling new possibilities rather than fully replacing existing financial systems. Orchid is interested in governance and growth hacking mechanisms in the DeFi sector.
  • Orchid's smart contract documentation and analysis can be found in the audit report by Consensys.

Overall, the community's active engagement and the insights provided during the AMA sessions demonstrate Orchid's commitment to transparency and collaboration with its community.

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