Orbs, The Leading Public Blockchain Infrastructure, Introduces its Ground-Breaking Layer 3 Architecture -Breaking
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Orbs introduces Layer 3 architecture, the leading public blockchain infrastructure.Orbs disrupts the blockchain once more with a completely new proposal. This is done to enhance the infrastructure of multi-chain interoperable infrastructure. It works parallel with the Layer 1 and Layer 2, like BSC, or, and all the apps that are on them. Orbs can be described as a Layer 3 Chain. It is another layer above L1 and Layer 2 Layers. The Orbs layer draws on the Layer 1 and Layer 2 chains and the scalability layers of the L2. Additionally, it uses its smart contract deployment Layer in order to improve the functionality of EVM-compatible smart contracts.
This framework can be easily understood by simply looking at Yearn Finance, an app for DeFi that provides smart vaults to its users. By opening and closing positions, the algorithm manages money in the same fashion as a money manager. Smart contracts are Layer 2 chains. The actual strategies used tend to be very simple in that each contract is only one. Once an activity has been completed, a new trade/action occurs.
Layer 3 smart contracts are paired with Orbs, which adds complexity to existing strategies. This allows for multiple transactions to be performed simultaneously. For example, money can be moved across vaults and pools depending on the one offering the best returns. Loans may also be used to incorporate leveraged trading to increase the potential reward. This allows for a sophisticated strategy which could result in higher yields.
Orbs Co-Founder Tal Kol said, “ This is an entirely new building block for the blockchain, which builds an extra layer of sophistication into the activity conducted on the chain. Although it’s important in DeFi as well, its use is far more than that. This decentralized protocol can be used by developers in open, permissionless languages. Using this approach enhances the complexity of the on-chain actions apps can conduct”.
The Open DeFi Notifications Protocol is the very first Orbs project that uses Orbs’ Layer 3 functionality. This protocol allows users to receive mobile notifications from the on-chain when there are any events. Built on Layer 3, it can detect activity on Layer 1 as well Layer 2 chains and allows users to access more sophisticated strategies.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, data, etc. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
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