Orbs is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain.
Orbs acts as a “decentralized backend”, enhancing the capabilities of existing EVM smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs and GameFi.
DeFi, Web 3.0 protocols and dApps are becoming more and more complex, while smart contracts are still inherently limited by design. This means that many DeFi and Web 3.0 projects still rely on centralized backend infrastructure, which is not ideal from security, liability and community perspectives.
The Orbs Network solves this pain by operating as a decentralized serverless cloud, allowing developers to extend smart contracts with L3 decentralized backend services. These are deployed to be executed by Orbs PoS validators (known as Guardians) and relieve projects of the need to rely on centralized backend solutions.
The first infrastructure layer: L1, like Ethereum, is in charge of security.
The second infrastructure layer: L2, such as Polygon, is in charge of scalability.
The third infrastructure layer: L3 is in charge of executing more complex logics and scripts that cannot be implemented on smart contracts alone. This layer provides services to existing DeFi applications for further decentralization and enhanced capabilities.
Event driven, serverless and decentralized computing solution, similar in concept to AWS Lambda - but decentralized.
Dedicated decentralized virtual machine, similar in concept to AWS EC2 - but decentralized.