Lambda

Guardian

Orbs

Layer3

Tel Aviv, Israel, February 6th, 2024, Chainwire 
Trailblazing blockchain infrastructure project Orbs has announced the development of the next major iteration of its Network protocol, Orbs V4. Described as a substantial upgrade, V4 is designed to enhance the efficiency and robustness of Orbs’ Layer3 technology, preparing the network for an expected surge in already-growing demand and usage in 2024.
As decentralized applications increasingly integrate Orbs’ products, the need for a more advanced network has become apparent. Orbs V4 is set to address this pressing need by focusing on a raft of key node upgrades, ensuring Orbs remains at the forefront of blockchain technology and equipped to handle the next wave of L3 adoption.
“The evolution to Orbs V4 marks a pivotal moment in our journey,” said Nadav Shemesh, CEO of Orbs. “This upgrade is not just about scaling up; it’s about setting a new standard in L3 infrastructure, ensuring we stay ahead of the curve in this ever-evolving space.”
V4 arrives two years after the introduction of its predecessor Orbs 3.0, which showcased the venture’s novel L3 architecture. The launch of two execution services, Orbs Lambda and Orbs VM, meanwhile, allowed devs to extend smart contracts with L3 decentralized backend services executed by Orbs Guardians, reducing projects’ dependence on centralized backend solutions.
The latest iteration of the Orbs Network protocol has been in the works for some time and will benefit from more efficient node implementation and other necessary upgrades. These will include Layer3 scaling enhancements, improvements in uptime, an upgraded L3 Activity dashboard to track Orbs-powered protocols, and a revamped Tetra staking wallet.
To facilitate more frequent upgrades, the existing manual rollout process for Guardian nodes will be automated while Orbs will move away from AWS-centric deployment to support a wider range of hardware and increase decentralization.
Technical barriers facing node operators will also be reduced in V4 as the Orbs node installer CLI will be replaced. Moreover, the auditability of the Orbs core orchestrator will be improved.
The entire Orbs team is eager to collaborate with Orbs Guardians, major stakeholders, and the wider community to bring its vision for V4 to fruition and to further solidify its position as an innovator in the Web3 sector.
About Orbs
<a href="http://orbs.com" rel="noopener noreferrer nofollow" target="_blank">Orbs</a> is a Layer-3 public blockchain infrastructure project, conceived as a decentralized execution layer operating between existing L1/L2 solutions and the application layer. Executed by a secure network of permissionless validators, Orbs utilizes Proof-of-Stake and improves the existing capabilities of smart contracts on both EVM and non-EVM chains. 
<h5>Contact</h5>Ran Hammer hello@orbs.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Layer3 Blockchain Orbs Announces V4 Upgrade to Meet Growing Industry Adoption (6 Feb)

Chainwire

2024년 2월 6일에 게재된 다른 기사

ENS: Ethereum Name Service NFT Creator Joins GoDaddy To Offer Free Domain Usage

Wen Notcoin listing? MetalCore beta & more: Web3 Gamer

XRP Bulls Eye Potential Surge as Analyst Signals Upward Trajectory

Binance to List New Altcoin Dymension (DYM)

Surprising Bitcoin Remarks from FED Member Kashkari: “It Turns Out to Be a Terrible Hedge Against...

Meme Coin HONK’s Remarkable Rise in the Crypto Market

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!