American blockchain-startup Orchid Labs received an additional $ 7 million from investors to develop an anonymous browser, which is intended to be an alternative to Tor and VPN. To date, the company has raised a total of $ 43 million from a planned $ 125.5 million.
Make sure to read @OrchidProtocol 's latest project update in a new #Medium post by Dr. Seven Waterhouse ( @deseventral ), CEO of Orchid. https://t.co/KnYdsp1Y13
– Orchid (@OrchidProtocol) 7 of May 2019 p.
"The mission of Orchid Labs is to create open source software that makes the Internet, as a natural resource, open and accessible everywhere and to everyone ," said the head of the company Stephen Waterhouse.
The Orchid solution is designed to motivate users to share their bandwidth with other network members. The protocol breaks traffic by directing it through multiple network nodes. It is extremely difficult to “calculate” one or another user of the site. The TOR system works on a similar system, but its main drawback is the insufficient number of network nodes.
“The Ethereum-based decentralized network from Orchid Labs will not have Tor vulnerabilities related to the lack of network nodes, and the alternative to the virtual private network (VPN) will allow users to trust providers. This will protect users from misuse of their personal data by various companies, including such giants as Facebook, ”the whitepaper project says.
The Orchid solution will also allow ISPs and users to exchange Orchid tokens. According to Waterhouse, thanks to the micropayments in the Ethereum blockchain, the Orchid network will be completely decentralized, unlike the VPN.
Note that in October 2017, the startup has already received $ 4.7 million in venture capital investments from companies such as Andreessen Horowitz, Blockchain Capital, Polychain Capital and Sequoia.
Earlier, BlockchainJournal published an article about why bitcoin-marketplace cards disappear in the Tor network.
Subscribe to BlockchainJournal news on Facebook !
BlockchainJournal.news
BlockchainJournal.news
