Orbs: The Unique Layer 3 Blockchain that Redefines DeFi

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DeFi

Orbs’ unique architecture enables enhanced execution of smart contracts for web 3.0 dapps

The Orbs Network is an open, decentralized, and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus. Currently, Orbs the Orbs project is focused on becoming the go-to blockchain for decentralized finance (DeFi) applications.

Summary:

  • Orbs is a competitive blockchain scaling solution with unique advantages.
  • Orbs is positioned as a layer 3 blockchain utilizing Proof-of-Stake (PoS) consensus.
  • The blockchain provides two execution services to help dApps thrive on the blockchain: Orbs Lambda and Orbs VM. 
  • Orbs’ hybrid architecture is becoming a game-changer for DeFi.

The competitive landscape of blockchain scaling solutions

The blockchain industry has entered a stage where Ethereum no longer takes all. As the pioneer blockchain’s congestion issue becomes more prominent, it underscores the urgency for effective scaling solutions for Ethereum. As a result, alternative chains such as Solana and Cardano joined the competition and started to split the market share. 

Additionally, layer 2 solutions that inherit the security and decentralization of Ethereum have also emerged to address Ethereum’s scaling challenges, reducing the gas fees and increasing throughput. These solutions include Polygon, Optimism, Arbitrum, and StarkNet.

A blockchain future that features multiple protocols and solutions is already here, and the competition has been fiercer than ever. However, Orbs’ layer 3 infrastructure stands out as a market-leading blockchain providing services to DeFi applications for further decentralization and enhanced capabilities.

What is Orbs?

Orbs acts as a “decentralized backend”, enhancing the capabilities of existing EVM smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs, and GameFi. 

Orbs works in conjunction with existing L1 and L2 solutions, such as Ethereum, Polygon, BNB Chain, Avalanche, etc., as part of a tiered blockchain stack. This unique feature allows a dapp to utilize Orbs execution services without moving its liquidity onto a different chain. 

Notably, the layer 3 infrastructure can execute more complex logic and scripts that cannot be implemented on smart contracts alone. The following diagram visualizes the structure of a tiered blockchain stack.

Orbs is built for enterprise, designed for efficiency

Orbs provides two different execution services to help businesses thrive on the blockchain, Orbs Lambda, and Orbs VM. 

Orbs Lambda is an event-driven and serverless computing solution, similar to AWS Lambda but decentralized in nature. To write cloud functions for Orbs Lamba, developers can simply use JavaScript and utilize dozens of standard libraries such as node-fetch. 

Orbs VM provides a dedicated decentralized virtual machine, similar to AWS EC2.

Developers can implement their customer service as an industry-standard Docker container written in any programming language, such as Go, C++, Rust, JavaScript, Java, Python, and more. Next, developers can deploy the container on Orbs VM and let it run instantly as an always-on service in a fully decentralized manner.

Notably, both Orbs Lamba and Orbs VM are complementary solutions that allow developers to enrich their business logic without sacrificing the use of smart contracts; hence decentralization is guaranteed.

Why is Orbs a game-changer for DeFi?

DeFi has become a pillar industry in the blockchain space. According to DappRadar Industry Report, the sector’s TVL increased 7 times year-over-year, surpassing $200 billion last year. Although DeFi is still in its infancy and institutional traders have just started tapping into this area, it won’t take long for the industry to usher in more sophisticated applications. 

The driving force behind such industry development is the advancement of technology. Therefore, the Orbs Network endeavors to equip DeFi developers and is ready to incubate such innovation.

Orbs’ infrastructure is designed with flexibility and high expandability at its core. Orbs can serve as a separate third execution layer and operate in conjunction with EVM-based L1s and L2s. The most significant advantage of this unique architecture allows more advanced DeFi dapps to run smoothly on Orbs. 

An excellent example of how DeFi dapps can benefit from Orbs is the success of The Open DeFi Notification Protocol. Powered by Orbs, the protocol can keep DeFi users constantly updated on critical on-chain events. Moreover, it provides features such as being mobile-friendly, free to use, community-driven, fully decentralized, and more.   

Final thoughts

Orbs is a competitive public blockchain infrastructure built to fulfill the needs of next-generation DeFi applications and any project that requires an ultimate on-chain performance. Orbs’ unique layer 3 infrastructure is capable of executing complex computing logic without sacrificing decentralization or user experience.   

Find out more about Orbs:

Website

Twitter

Discord

Blogs

Disclaimer — This is a sponsored article. DappRadar does not endorse any content or product on this page. DappRadar aims to provide accurate information, but readers should always do their own research before taking action. Articles by DappRadar can not be considered as investment advice.

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