Article • about 5 years ago
Orchid's Decentralized Network and Stake-Weighting
Summary
- Orchid is a decentralized network that uses open-source software.
- The network utilizes stake-weighting to authenticate peer-to-peer bandwidth agreements and settle transactions.
- An on-chain tree data structure is used for stake-weighted selection of nodes in a scalable trustless manner.
- The node metadata registry allows providers to advertise services and enables future custom extensions.
- The Orchid App filters bandwidth providers based on geolocation, latency, price, and custom node metadata tags.
- Orchid stake deposits have a withdrawal delay to deter systemic takeover attacks.
- The withdrawal delay imposes a high cost barrier to acquiring a significant fraction of the total stake.
- Orchid aims to create a private and secure internet accessible to users worldwide.
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