• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home UK

A First For Multi-Chain Staking by Community Approval From Orbs

CB4U by CB4U
January 15, 2022
in UK
0
A First For Multi-Chain Staking by Community Approval From Orbs
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Orbs is getting set to pioneer multi-chain staking through Ethereum and Polygon through Community Proposal.

Orbs is ahead of the curve in the blockchain field, having accomplished many firsts, the latest of which is its pioneering approach to staking, which allows users to stake across leading chains, Ethereum and Polygon. Polygon is a Layer 2 chain, which takes the security elements from Ethereum, but realizes the benefits of lightning fast transaction execution, with reasonable fees due to its unique architecture.

Staking on Polygon means that users can leverage returns on their ORBS tokens, while benefiting from Ethereum’s core technologies. This gives Orbs Delegators the ability to stake on their preferred chain in a multi chain approach.

 

The future of Layer 3

Orbs Network can be considered a separate execution layer that operates in conjunction with EVM-based L1’s and L2’s chains, in what the team is hoping will become the new Layer-3 of the blockchain realm.  It makes activities conducted on both Layer 1 and Layer 2 chains more sophisticated through the deployment of an extra layer of smart contracts.

 

The Orbs team describe it as follows:

  1. The first infrastructure layer, L1 – like Ethereum – is in charge of security.
  2. The second infrastructure layer, L2 – such as Polygon – is in charge of scalability.
  3. The third infrastructure layer, L3 – is in charge of helping apps build and extract more value. This layer provides services to existing DeFi applications to enhance their capabilities. This acts as a separate execution layer capable of boosting capabilities of EVM smart contracts.

The team at Orbs are big believers in community governance and the holders of ORBS can vote on the future path of the multi chain staking functionality. If the members are in agreement, then Orbs can deploy Proof of Stake smart contracts directly on polygon and then further contracts to authenticate the bridge between the two chains through the results of the governing committee,

 

The Orbs community can now weigh in on the multi-chain staking proposal, for instance if a new product or feature would be best served on Polygon rather than Ethereum, then this would have to pass agreement through the community members. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Advertisement Banner
Previous Post

Bitcoin’s Hashrate Taps New Lifetime High, BTC Price 20% Above Production Cost, Difficulty Nears ATH – Mining Bitcoin News

Next Post

Monthly Recap – August 2021

CB4U

CB4U

Next Post
Monthly Recap – August 2021

Monthly Recap - August 2021

Discussion about this post

RECOMMENDED

BITCOIN!!!!! WAIT FOR THIS!!!!! 💥💥💥

BITCOIN!!!!! WAIT FOR THIS!!!!! 💥💥💥

5 months ago
CRYPTO BERPOTENSI PUMP DI WEEKEND?! SEBELUM PENURUNAN BESAR?! UPDATE & ANALISA CRYPTO TERBARU!!

CRYPTO BERPOTENSI PUMP DI WEEKEND?! SEBELUM PENURUNAN BESAR?! UPDATE & ANALISA CRYPTO TERBARU!!

6 months ago

DON'T MISS

SWIFT Unveils Results of Blockchain Pilot – Is XRP Involved?

SWIFT Unveils Results of Blockchain Pilot – Is XRP Involved?

March 25, 2023
German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

March 25, 2023
Deutsche Bank Shares Slump 10%; Is It The Next Domino?

Deutsche Bank Shares Slump 10%; Is It The Next Domino?

March 25, 2023
SURPRISE INFLATION DATA SHOULD SEND BTC TO $30K IMMINENTLY!!

SURPRISE INFLATION DATA SHOULD SEND BTC TO $30K IMMINENTLY!!

March 25, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

SWIFT Unveils Results of Blockchain Pilot – Is XRP Involved?

SWIFT Unveils Results of Blockchain Pilot – Is XRP Involved?

March 25, 2023
German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

March 25, 2023
Deutsche Bank Shares Slump 10%; Is It The Next Domino?

Deutsche Bank Shares Slump 10%; Is It The Next Domino?

March 25, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H