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Layer3 Blockchain Orbs Announces V4 Upgrade to Meet Growing Industry Adoption
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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 Orbsโ Layer3 technology, preparing the network for an expected surge in already-growing demand and usage in 2024.
As decentralized applications increasingly integrate Orbsโ 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.
โThe evolution to Orbs V4 marks a pivotal moment in our journey,โ said Nadav Shemesh, CEO of Orbs. โThis upgrade is not just about scaling up; itโs about setting a new standard in L3 infrastructure, ensuring we stay ahead of the curve in this ever-evolving space.โ
V4 arrives two years after the introduction of its predecessor Orbs 3.0, which showcased the ventureโs 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 projectsโ 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
Orbsย 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.
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