Orbs, a blockchain-based infrastructure-as-a-service project, has announced the development of its V4 upgrade to improve the efficiency and robustness of its Layer 3 technology.
The upgrade is designed to further scale Orbs’ decentralized execution layer as demand from the decentralized applications (dApps) ecosystem grows, the platform said in the announcement.
Releasing two years after the introduction of Orbs 3.0, V4 includes major node upgrades aimed at ensuring L3 infrastructure meets industry standards and expectations as demand and usage peak in 2024. With Orbs 3.0, users could leverage two layers of execution – Lambda and VM – as well as the decentralized backend services of the Orbs Guardians.
According to Nadav Shemesh, CEO of Orbs, V4 is crucial for the next growth chapter of the project. He noticed:
“This upgrade is not just about scaling; it’s about setting a new standard in L3 infrastructure so we can stay at the forefront of this ever-evolving space.”
Aside from the node deployment, the V4 upgrade includes improved uptime, a tracking dashboard, and a revamped staking wallet. Orbs also automates the deployment process for Guardian nodes and contributes to their decentralization by moving away from AWS-centric deployment.
V4 will also replace the Orbs node installer to reduce technical barriers for node operators. The Orbs upgrade also improves the controllability of the project.
Orbs’ expansion continues
Orbs relies on a network of permissionless validators to provide a decentralized execution layer that works between existing Layer 1/Layer 2 solutions and the application layer. The proof-of-stake platform extends smart contract capabilities for both the EVM and non-EVM blockchains.
The “decentralized backend” that “enables a whole new spectrum of possibilities for Web3, DeFi, NFTs and GameFi,” according to an overview on the project’s website.
The V4 upgrade comes as the project’s native token lists on major crypto exchanges amid cross-chain integrations.
Last December, Orbs invested in BNB Chain-based decentralized exchange THENA, fueling the platform’s growth with a $600,000 investment.
In August, Orbs expanded into Arbitrum, the L2 protocol with a total value of more than $2.6 billion (TVL). The ORBS token was also launched on the L1 blockchain Kava in mid-January 2024, with the expansion enabled by the Axelar-powered satellite bridge.
Earlier this month, Orbs integrated IQ.wiki’s IQ GPT bot into its Telegram channel to provide real-time, AI-powered access to blockchain insights.
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