BitOoda is pleased to announce the publication of our latest research report on the Orchid Network’s support for multiple tokens. You can find the report here.
Orchid is a Peer-to-Peer programmable bandwidth marketplace, serving as Web3 infrastructure. The initial application is a decentralized virtual private network (VPN) delivery platform, which saw rising Ethereum transaction (Tx) fees as a factor that was inhibiting the ability of users to access the Network. This challenge is common to many decentralized apps, where increasing network congestion causes fees to be a significant proportion of small payments. We view the Orchid Network’s support of multiple tokens as mitigating the Tx fee challenge, allowing for more people to use the Network.
This report is intended for use by VPN providers on the Orchid network, and follows our initial report found here.