Orbs Blockchain announced its partnership with a new altcoin project. Orbs, an independent infrastructure platform that improves the interoperability of L1 and L2 Blockchains with an additional execution layer, shares the details of its latest partnership.
Orbs platform announces cooperation with this altcoin project
According to the official announcement shared by Orbs Network representatives, a long-term strategic partnership with The Open Network (TON) is ready. Orbs, the Blockchain platform designed by the Durov brothers in 2018, will collaborate with TON.
Since September 2022, Orbs instruments have been used for The Open Network. This collaboration is set to accelerate the global adoption of Blockchain solutions. With Orbs L3 solutions enabled, TON-based developers can now build higher-performing dApps.
In addition, integration with Orbs is expected to strengthen the security of TON solutions without compromising decentralization and attack resistance.
Various use cases for the new L3 ecosystem
The Orbs partnership is a partnership between The Open Network (TON) Ethereum (ETH), BNB Chain (BSC), Polygon (MATIC) etc. It will help it gain traction in competition with the most advanced EVM compatible networks, including Orbs will streamline the development process of The Open Network (TON) thanks to the unique decentralized consensus of PoS validators. This will unlock new opportunities for TON’s dApps ecosystem, which is known for its community-first values, ultra-cheap transactions, and particularly developer-friendliness.
What is Orbs Blockchain?
Orbs is a Blockchain infrastructure launched in March 2019 with the aim of facilitating the entry of businesses into the Blockchain technology space. Here, developers can build the applications they need on a decentralized, open and permissionless platform while maintaining management. How Orbs differentiates itself is that it supports permissioned apps developed by businesses as well as supporting DApps. Currently, Orbs focuses on DeFi applications that are considered the most suitable for businesses and are growing exponentially.
Orbs is a hybrid blockchain that allows businesses to build the applications they need. To this end, it is structured with a complete Blockchain stack and a codebase that includes an end-to-end developer experience that encompasses everything needed to build and run Blockchain applications. Orbs also uses a PoS consensus system to manage its network and scalability.
The ORBS token was released as an ERC-20 token in April 2019. Its main task is to run the Orbs protocol. It is used as an incentive system to pay any fees associated with application execution and to ensure decentralized and secure selection of system validators. However, it is the only form of payment accepted on the platform.
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