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What is Probabilistic Nanopayment?

Crypto Terms Glossary: What is Probabilistic Nanopayment?

A probabilistic nanopayment is a specialized payment mechanism utilized on the Orchid blockchain platform, a blockchain-based VPN provider. Orchid users purchase network bandwidth by paying rapid-paced microtransactions in Orchid's native utility token (OXT). Probabilistic nanopayments are used as representative placeholder transactions until OXT payments are consolidated and resolved. Probabilistic nanopayments play a definitive role in Orchid's internal transaction management system by lowering costs and increasing network speed and transparency.

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