Orbs is once again disrupting the blockchain space with an entirely new proposition. That is to augment the architecture of a multi chain interoperable infrastructure, which works in parallel with all the major Layer 1 and Layer 2 chains, like BSC, Ethereum, Solana, and Avalanche, and the apps that sit on them.
Orbs, is an open and permissionless public blockchain infrastructure built for mass usage applications, has unveiled a significant development for the future of the blockchain, its Layer 3 style chain.
With all the interest in DeFi and other applications, there is a need for constant innovation. Orbs is meeting this demand with new tools, and open ideas that will help drive further innovation.
New Layer 3 From Orbs!
The Orbs chain can be considered a Layer 3 chain, another layer on top of L1 and L2 Layers, whereby it draws from the security of the Layer 1 chains, the scalability layer of the L2, and utilizes its own smart contract deployment Layer to enhance the sophistication of the functionality of EVM compatible smart contracts.
A simple way to understand this framework is by looking at an example of a DeFi app that offers users smart vaults, e.g., Yearn Finance.