Orbs is a decentralized, public blockchain infrastructure, powered by a network of permissionless validators utilizing Proof-of-Stake consensus. It's uniquely designed for interoperability with both EVM and non-EVM blockchains. This makes Orbs a bridge between the foundational blockchain layer and the application layer. Collaborating with existing L1 and L2 solutions like Ethereum, Polygon, and Avalanche, Orbs serves as a "Decentralized Backend", amplifying EVM smart contracts and ushering new opportunities for Web 3.0, DeFi, NFTs, and GameFi.As DeFi and Web 3.0 protocols advance, the inherent limitations of smart contracts become evident. Issues like the "oracle problem" and the inability of smart contracts to trigger future actions pose challenges. Centralized backend solutions, although a workaround, contradict the decentralized ethos and carry risks. Orbs L3 addresses this by operating as a decentralized serverless cloud, allowing developers to extend smart contracts with L3 decentralized backend services.
Circulating supply: 3,217,486,459
Total supply: 10,000,000,000
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