Blockchain
Orbs Provides Blockchain Infrastructure to the Masses via TON
Tel Aviv, Israel–(Newsfile Corp. – September 7, 2022) – Orbs is expanding to The Open Network (TON) in a bid to catalyze mainstream blockchain adoption. It is the first non-EVM L1 solution supported by Orbs and a crucial part of the team’s ongoing mission to help developers build better decentralized protocols and products.
Orbs operates a separate decentralized infrastructure layer between the existing L1/L2 solution and the application layer. In essence, it grows the tiered blockchain stack, ensuring builders do not compromise on decentralization to gain mainstream traction. Furthermore, Orbs augments existing L1 blockchain layers with a strong focus on the Ethereum Virtual Machine (EVM).
The support of The Open Network (TON) marks a crucial development for Orbs and its forward-thinking vision. The team is confident TON may become the L1 solution taking blockchain mainstream. Although both networks lack the maturity of EVM-compatible networks – like Ethereum, BNB Chain, Fantom, or Polygon – they still provide tremendous promise.
Orbs will remain committed to EVM and will continue exploring opportunities to reach billions of end users. Finding the right L1 capable of sustaining such growth has proven tricky, but TON is a viable candidate. TON is home to over 1 million active users, with momentum building rapidly.
Orbs hopes to build core infrastructure on TON and establish a mutually beneficial growth curve with the network. Several use cases, products, and services will roll out on TON under the Orbs banner. Developers can explore new L3 use cases for existing and future network protocols with its technology.
About Orbs
Orbs is a decentralized public blockchain infrastructure with proof-of-stake (PoS) consensus executed by permissionless validators. Orbs establishes a separate execution layer (layer three) that enhances the capabilities of EVM smart contracts via its interoperability with EVM-compatible blockchains and decentralized network of nodes.
About The Open Network (TON)
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger. Later, it was handed over to the open TON Community, which has been supporting and developing it ever since. TON was designed for lightning-fast transactions, and it’s ultra-cheap, user-friendly, and fully operational.
Contact
Ran Hammer
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136226
Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
Blockchain
Bybit Web3 Launches World’s Largest GameFi Playground at Crypto Ark-ade as GameFi Market Size Surges to $20bn
Blockchain
Money Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
Global Money Transfer App Market
-
Blockchain Press Releases7 days ago
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
-
Blockchain7 days ago
CertiK Co-Founder, Ronghui Gu, Delivers Keynote Speech at 2024 Singapore FinTech Festival
-
Blockchain7 days ago
Torram Unveils Groundbreaking Infrastructure Tailored to Usher in a New Era of Bitcoin DeFi
-
Blockchain Press Releases3 days ago
Notabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain4 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain5 days ago
Bybit Web3 and Aptos Kick Off APT Ecosystem Airdrop
-
Blockchain Press Releases4 days ago
QCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore
-
Blockchain4 days ago
WAGMI Announces First Speakers and Featured Partners for the Biggest Blockchain Event in America