Article • almost 3 years ago
Orchid Network and VPN Service Now Supports Payments on Eight Blockchains
Summary
- Orchid's network and VPN service are now compatible with eight different blockchains, allowing users to make payments using the native tokens of those chains.
- The integration of multiple chains provides users with the option to find lower transaction fees, enhancing affordability, and accessibility.
- Probabilistic nanopayments enable users to send tiny amounts of money off-chain, offering a unique pay-as-you-go model for Orchid's VPN service.
- Ethereum's high gas fees have posed challenges for projects, and Orchid's multi-chain compatibility addresses this issue by allowing users to pay on alternative chains.
- Orchid's native digital asset, OXT, is used for securing the network of providers and is exclusively used on Ethereum.
- Orchid's multi-chain nanopayment smart contract, OrchidLottery1, is deployed at the same address on all supported chains.
- Users can set up an Orchid account and purchase bandwidth on any of the eight supported blockchains through account.orchid.com.
- The fees for adding, unlocking, and withdrawing funds are significantly lower on newer layer 1 blockchains.
- The integration of multiple chains brings Orchid one step closer to its goal of providing open online access to everyone, everywhere.
- The Orchid community has actively worked on advocating for fixes and maintaining multi-chain compatibility within the Ethereum ecosystem.
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