Orchid is a bandwidth market where node providers stake tokens to advertise their services using the Ethereum blockchain. Clients construct single or multi-hop onion routed circuits by selecting nodes randomly weighted on stake and filtered on secondary criteria (price, location, etc.). Staking aligns incentives against operator malfeasance and linear stake weighting in particular neutralizes sybil attacks. Orchid uses a probabilistic payment system which scales to millions of transactions per second, enabling a highly liquid bandwidth market without a trusted central party. Payments at packet scale allow high frequency trustless interactions by reducing the implicit floated balances between transactors to miniscule levels.
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Modified on: Tue, 14 Dec, 2021 at 7:18 AM
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