Cadence Launches Its Digital Securitization and Investment Platform for Private Credit 13990

Cadence

Cadence has launched its investment platform for private credit, leveraging its proprietary digital securitization technology to make these alternative investments available and accessible for its institutional and accredited investors.

Since 2000, private credit has been the fastest growing asset class in private capital markets, achieving a compound annual growth rate of just under 20%. According to The Alternative Investment Management Association (AIMA), by 2020, total global assets under management in private credit is forecast to surpass $1 trillion, with over $414 billion sitting on the sidelines in cash. These figures demonstrate both the remarkable growth of private credit markets and the challenges the industry has faced in meeting investor demand.

Sourcing opportunities to deploy this capital continues to present a tremendous challenge for the buyside community. With 40% of all sourcing coming exclusively from direct relationships, platforms like Cadence help to create a more transparent and efficient capital market that can scale.

As stated by Cadence’s Founder and CEO, Nelson Chu, “The securitization market for private credit has been in desperate need of innovation, especially when it impacts so much of our economy today. Think about the granola bar company that just got their first big purchase order from Whole Foods that they can’t fulfill or the mobile app developer that needs to make payroll while Apple takes 45 days to pay out their earnings from the App Store. Cadence is doing its part to help power the growth of small to medium sized enterprises by providing them market-driven cost efficiencies.”

To date, they’ve issued 10 different securitizations all with varying durations under 9 months during their private beta. The company launched the first-of-its-kind tokenized debt security and also was the first to list their digitized assets on The Bloomberg Terminal.

Cadence closed a fundraising round of $2 million earlier this year led by Recharge Capital, whose portfolio companies include Cadre, Care/Of, dv01, RigUp, and Uala. Institutional investors included Fantail Ventures, Argo Ventures, the venture arm of Argo Group, Coinbase Ventures, and INBlockchain. Strategic angel investors included current and former senior executives from several of the leading banks and asset managers.

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B² Network Buzz deposit ends with $663M, initiating a new era in Bitcoin DeFi 10439

The BTC ecosystem is the catalyst for this bull market. Within this ecosystem, a rising star, B² Network, has captured the attention of the entire crypto world with the TVL of B² Buzz exceeding $663 million.

B² Network, as a leading Bitcoin Layer 2 and invested by prominent investors including HashKey Capital, OKX Ventures, IDG, KuCoin Ventures, ABCDE, Waterdrip Capital, Satoshi Lab, OGs Fund, Antalpha, and Leland Ventures, has proposed a revolutionary method to verify ZK Rollup commitments on Bitcoin when building a Bitcoin Rollup, making sure B² Rollup keeps the same security level as Bitcoin. It is also positioned as a Bitcoin Layer2 service provider by working with Polygon and Altlayer to expand this validation method to all Bitcoin Layer 2s.

I. B² Network technical architecture

Two essential parts make up the technological architecture of the B² Network: the Rollup layer and the Data Availability layer. Collaborating to ensure network stability, these structures form the backbone of the B² Network.

The Rollup layer, powered by ZK-Rollup technology, acts as the execution hub. Components such as the account abstraction module, RPC services, memory pool, sequencer, zkEVM, aggregator, synchronizer, and prover create a central processing hub for user transactions.

The Data Availability layer, which includes B² Hub, the Bitcoin network, and decentralized storage, acts as the primary hub for verification and storage. It ensures great security and dependability by storing, confirming, and validating the availability, integrity, and validity of Rollup data.

II. How does the B² Network verify rollup commitment on Bitcoin

The aforementioned is a general explanation of B² Network’s basic architecture, while the most innovative part is how B² Network verifies its Rollup Commitment on Bitcoin.

B² Network guarantees high-level security for Layer2 in four steps below, with Bitcoin as the settlement layer.

  • Conversion from zero-knowledge proof verification procedures to Bitcoin scripts;
  • Utilization of Circuit Taproot as the B² Rollup commitment;
  • Verify and respond to protocols, using UTXO transactions that issue lock rewards as unlocking scripts, and leveraging Taproot scripts for unlocking;
  • Introducing a challenge mechanism.

By adhering to these guidelines, B² Network submits Rollup Commitments on Bitcoin, ensuring data security and availability, thus maximizing security inheritance from Bitcoin amidst Bitcoin Layer 2 solutions.

III. Polygon CDK + B² Hub, B² Network accelerates the development of BTC ecosystem through modularization

B² Network addresses the security issues that other Bitcoin Rollups have encountered. Therefore, B² Network partnered with Polygon and AltLayer to convert this validation technique into B² Hub, a general solution for all Bitcoin Rollups.

This solution leverages the strengths of Bitcoin and Ethereum Layer2s, facilitating the streamlined creation of a Bitcoin Layer2 with equivalent security. This approach enables a concentrated focus on developing the application layer and ecosystem, reducing redundancy in security verification.

By compiling batches and proof data into script, submitting zk proof verification commitments in Taproot form, B² Hub enables any Bitcoin Layer 2 to use verification services from B² Network collaboratively, saving time and reducing costs.

All BTC Layer2 solutions based on “Polygon CDK + B² Hub” will be bridged seamlessly. B² Hub is the central hub in the diverse BTC Layer2 market, accelerating the development of the whole Bitcoin ecosystem.

As of March 12th, the B² Network Buzz event has accumulated a Total Value Deposited of $663 million. The B² Network Alpha testnet has seen 109,000 transactions, while the Beta testnet transactions have reached 7.731 million. There are 1.63 million active addresses, and over 1000 contracts have been deployed. This data robustly validates that B² Network is the most practical Bitcoin Layer 2 solution.

B² Network plans to launch its mainnet this month. In February, B² Network released its ecosystem map, comprising over 50 projects spanning nearly 20 verticals. Their partners include well-known projects, such as Polygon, Babylon, Altlayer, Particle Network, Stakestone, and many others, many of which have emerged as prominent newcomers in the current bullish market.

With the rapid growth of the BTC ecosystem, B² Network will provide a more practical technical architecture design, empowering the thriving development of assets, DeFi, NFTs, SocialFi, and other DApps within the BTC ecosystem.

Covalent’s Largest Set Of Structured Data in Web3 Pioneering the Fusion of AI, Security, and Data Quality 11213

As the wave of Artificial Intelligence (AI) continues to reshape industries, Covalent (CQT) emerges as a central player in the evolving landscape. AI, known for its reliance on vast sets of structured data, finds a robust ally in Covalent’s extensive dataset. Covering over 225 blockchains and supporting over 240 million wallets with its Unified API, Covalent provides the backbone for AI applications, offering a rich and structured foundation for model consumption, training, and product creation.

Google: A Lesson in Data Quality for AI

In the intricate realm of AI, the significance of data quality cannot be overstated. The potential for transformative innovation heavily relies on the accuracy and reliability of datasets. Google’s recent stumble with its Gemini AI tool reveals the critical role of data integrity in the space. The decision to halt Gemini due to inaccuracies and inadequate testing serves as a reminder of the risks associated with expediting AI product launches without thorough quality controls.

With Covalent, its protocol goes deeper than conventional approaches: it extracts data from various blockchains, uploads that data to a storage instance, indexes and transforms the stored data object, and loads the data into local data queried by API users. In short, Covalent’s cryptographically secure and standardization of all its extracted Web3 blockchain data creates a reservoir of structured information which is foundational to AI and machine learning training.

A Trusted Partner for the Web3 Landscape

At the core of the Covalent Network lies an innovative approach to data verifiability, designed with a tamper-resistant design and cryptographic proofs, it ensures the integrity and trustworthiness of accessed data. This unique feature not only distinguishes the Covalent’s Network but also serves as an essential mechanism in reshaping the foundations of Web3.

This is done by Block Specimen Producers (BSP) who extract the data and store it for multiple chains. To guarantee data integrity each BSP is running a script which keeps data secure and tamperproof. This ensures data integrity for Refiners who process the data, and later Query Node Operators who will serve the data (read more here).

Enterprises seeking high-quality data for their operations find a reliable partner in Covalent. The commitment goes beyond transactions, involving enterprises signing multi-year contracts including Fidelity, Rainbow, CoinGecko, and ConsenSys to secure a continuous stream of quality data.

The historically accurate data availability of Covalent lies in its ability to manage big data for customers with enhanced security, recently being awarded a SOC 2 certification for the highest enterprise grade quality assurance. By offering a robust dataset that meets the highest security standards, Covalent has become the trusted bridge between enterprises, crypto native projects and the wider Web3 ecosystem. Covalent’s offering ensures that customers have access to reliable and secure data, laying the groundwork for innovation and growth.

The Covalent Network: Built on Data Verifiability

As Covalent pioneers the fusion of AI, security, and data quality, it opens new horizons for innovation. Onchain data is continuously evolving with each block and indexed chain. By keeping data encrypted, and tamperproof it by design it mitigates future pitfalls with bad models and serves as a catalyst for innovative AI use cases. With thousands of Web3-specific applications already leveraging Covalent as their backbone data provider.

About Covalent

Covalent (CQT) powers the data layer in blockchain, enabling millions of users to build the new economy. It stands out for its deep commitment to democratizing blockchain data availability. Since its inception, Covalent has been helping developers, analysts, and enthusiasts with comprehensive, real-time data across over 200 blockchains. Learn how Covalent is building the Ethereum Wayback Machine.

Stead’s blockchain-powered floating cities of the future 11844

Stead is an Arbitrum-based DeFi platform (Stead.Builders) that provides liquidity for small marine businesses, fishermen, and fish farmers, most of whom are unbanked or operating in developing countries.

The platform supports numerous types of floating infrastructure, like fishing and transport boats, fish cages, floating docks, and, most impressively, floating houses, hotel rooms, and restaurants.

The platform started when the marine engineering company ArkPad, operating out of the Philippines, wanted to help customers to acquire mortgages for its floating houses.

Getting a mortgage is already difficult enough considering the huge down payments that need to be made, but securing a mortgage for a floating house is another story entirely. Most banks unfamiliarity with unconventional real estate means they pass it over for investment, so ArkPad helped to create the Stead platform in order to decentralize the funding process for floating infrastructure.

From floating homes to financial aid

While Stead’s initiative for supporting floating houses is tremendously unique, what also sets the company apart is additionally assisting unbanked small businesses in the Philippines and Southeast Asia.

In many developing countries, a large portion of the population is bankless or prevented from accessing loans to expand their businesses. Key reasons include banks having excessive regulations, bureaucratic hurdles in account opening, or simply having relatively small amounts of capital available for loans in the first place. Additionally, on an archipelago nation like the Philippines, many banks simply don’t have any branches present on islands where valuable fish, like Yellowfin Tuna, can be found. In such cash-based societies, lack of physical access to a bank simply means going unbanked.

Stemming from these challenges, many developing countries suffer from having highly unbanked populations, a fertile ground for crypto to fill the unused space.

Building blocks for floating communities

Turning its dreams into a reality, Stead offers a solution like no other, providing liquidity to small businesses, including fisherman, through STEAD tokens.

Upon minting STEAD, stables are put into a pool to purchase a particular asset. In this case, let’s say for a fisherman wanting to purchase a fishing boat. Once enough capital has been garnered to acquire this Real-World Asset (RWA), the fisherman can reap their rewards through the token’s ‘lease-to-own’ program, buying back and burning the STEAD tokens that were initially issued to fund them.

Amplifying the company’s uniqueness, STEAD acts as a ticket to reserve time with the asset. The fisherman can lease time with the boat by burning STEAD, and after a greater dollar amount amount have been burned than were initially minted, they will be transferred full ownership of it. Therefore, the token goes beyond being just RWA; it has an intriguing deflationary supply.

Not only does this burning mechanism result in a reduced circulating supply, but another mechanism is built into the minting mechanics. While STEAD has no maximum supply, the minimum cost to mint a token increases by around 11.4% annually, if price drops below that, minting stops. This means that while the token has no maximum price, the minimum price that it can have is constantly increasing, a novel mechanic not seen in any other token.

A financial and architectural revolution

Spearheaded by Stead’s Co-Founder, Mitchell Suchner, Stead is working hard to make financial resources more easily accessible in Southeast Asia.

RWA tokens are an important emerging niche of crypto, and Stead stands to facilitate some of the most important transactions to serve some of the most profitable, and simultaneously under-served communities, but there is more that sets this project apart from others, and that is there long term goal.

During the first stage of operations, the platform intends to focus on the Southeast Asian market, but during the later stages, they plan to partner with small island nations, DAOs, and other organizations to facilitate the construction of whole floating cities.

The idea of building floating cities in national or international waters has been around for a while, called ‘seasteading’ advocates want to create independent floating jurisdictions of self-run communities where crypto friendly businesses can thrive.

Using ships, docks, and floating houses, communities and villages can be built and connect together to share resources such as fresh water, electricity, and fiber optic cables for internet. Far from being a fantasy, the first floating house has already been built in Boracay, Philippines, with some coastal resorts in the country already planning to purchase their own for listings on AirBnB.

Will Stead’s ultimate dream of building an entirely floating blockchain city become a reality? Only time will tell. However, the technology is here, and buoy, is it impressive.

Recover Scammed Crypto by Contacting the Best Crypto Scam Recovery Expert (2024) 12351

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Have you fallen victim to a cryptocurrency scam? Unfortunately, these malicious acts are becoming increasingly common, leaving individuals frustrated and financially drained. But don’t lose hope!

Report Scammed Bitcoin (RSB) understands the devastating impact crypto scams can have, and we’re here to help you fight back. Introducing reportscammedbitcoin.com, the leading crypto recovery experts for 2024.

RSB specializes in assisting individuals who have lost their hard-earned cryptocurrency to scams, hacks, and other fraudulent activities. The team of highly skilled and experienced professionals at RSB is dedicated to recovering your stolen assets and bringing the perpetrators to justice.

Understanding Crypto Scams

Cryptocurrency, while innovative and potentially lucrative, has also become a breeding ground for various scams due to its decentralized and pseudonymous nature. Understanding these scams and their red flags is crucial for investors to protect themselves from financial loss. Here are some common types of crypto scams and red flags to watch out for:

Phishing Scams:

Phishing scams involve fraudulent attempts to obtain sensitive information, such as login credentials or private keys, by impersonating legitimate entities through fake websites, emails, or social media messages.

Ponzi Schemes:

Ponzi schemes promise high returns on investment by using funds from new investors to pay returns to earlier investors, rather than generating profits through legitimate business activities.

Exit Scams:

Exit scams occur when cryptocurrency projects or platforms suddenly disappear or shut down, taking investors’ funds with them. These scams often involve promising products or services that never materialize.

Rug Pulls:

Rug pulls occur in decentralized finance (DeFi) platforms when developers or insiders drain liquidity from a project by selling off their tokens, causing the value to plummet and leaving investors with worthless assets.

Fake ICOs/IEOs:

Fake Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs) involve fraudulent projects that raise funds by selling tokens to investors with the promise of future utility or profits, only to disappear once the fundraising is complete.

Unsolicited Investment Opportunities:

Unsolicited investment opportunities via social media, cold calls, or messaging platforms may involve fraudulent schemes aiming to manipulate investors into purchasing worthless or nonexistent assets.

Which is the Best Crypto Recovery Expert?

The best choice for you will depend on several factors, including:

  • The specific type of scam you were targeted by: Different recovery experts specialize in different areas, such as exchange hacks, phishing attacks, or investment scams.
  • The amount of money you lost: The fees charged by recovery experts can vary depending on the size of your claim.
  • Your risk tolerance: Some recovery services offer guarantees, while others operate on a “no win, no fee” basis.
  • Your level of technical expertise: Some services require more technical involvement from you than others.

Here are some things to keep in mind when choosing a crypto recovery expert:

  • Beware of companies that make unrealistic promises or guarantees. Recovering stolen crypto is often difficult, and there is no guarantee of success.
  • Do your research and read reviews before hiring any company. There are many scams targeting victims of crypto scams, so be careful who you trust.
  • Get everything in writing before you start working with any company. This includes the fees, the services that will be provided, and the expected timeline for recovery.

Helping You Navigate Your Crypto Funds Recovery Options: Introducing Report Scammed Bitcoin (RSB)

Introducing the best crypto recovery expert 2024 in the industry: Report Scammed Bitcoin (RSB). With a team of seasoned professionals and a proven track record of success, Report Scammed Bitcoin (RSB) Solutions stands out as the best crypto recovery expert you can trust.

RSB’s best crypto recovery expert team has the expertise and experience to assist you in reclaiming lost or stolen cryptocurrency assets. The best crypto recovery expert team takes a personalized approach to each case, ensuring that you receive the individualized attention and support you deserve.

Contact the best crypto recovery expert today and let them help you recover your valuable assets. Trust RSB for the best crypto recovery expert assistance you need.

How Report Scammed Bitcoin (RSB) Supports You

Understanding Your Situation: RSB will start by listening attentively to your experience, dissecting the scam tactics employed, and assessing the nature of your losses.

  • Exploring Recovery Options: Based on your unique circumstances, RSB will introduce various recovery avenues, including free and paid options, clearly outlining their advantages, limitations, and potential risks.
  • Empowering Your Choice: RSB empowers you to make informed decisions. Our recommendations are unbiased and not influenced by partnerships or affiliate agreements. Your best interests are at the heart of everything they do.

More Than Just Consultations:

While consultations, blockchain analysis, fund tracking and chargeback are their core service, RSB also offers the following to enhance your recovery journey:
Supporting individuals in recovering their scammed bitcoin involves a multi-step process aimed at gathering information, conducting thorough investigations, and suggesting viable solutions. Here’s how RSB can assist you in recovering your scammed crypto:

  • File a Complaint:

Begin by filing a detailed complaint outlining the specifics of the transactions and providing any relevant details about the website or platform involved. The more information you can provide, the better equipped RSB will be to assist you.

  • Initiate Investigations:

Once RSB receives your complaint and gathers the necessary information, their team will commence thorough investigations. These investigations are designed to map out the flow of transactions and identify any potential leads or points of contact associated with the scam.

  • Analyze and Recommend Strategies:

Drawing upon the team’s expertise and experience, RSB will analyze the findings of their investigations and recommend a range of strategies tailored to your specific situation. These strategies may include legal avenues, negotiation tactics, or technological solutions aimed at recovering your scammed bitcoin.

  • Provide Multi Solutions:

The qualified team of experts at RSB will present you with a variety of cutting-edge solutions designed to increase the likelihood of recovering your lost funds. These solutions may involve engaging with relevant authorities, leveraging blockchain analysis tools, or pursuing alternative dispute resolution methods.

  • Offer Ongoing Support:

Throughout the recovery process, RSB will provide you with ongoing support and guidance to keep you informed of the progress made and address any questions or concerns you may have. Their goal is to ensure transparency and accountability every step of the way.

Conclusion

In conclusion, when it comes to recovering lost or stolen cryptocurrency assets, choosing the right expert is crucial. With Report Scammed Bitcoin (RSB), you can rest assured that you’re partnering with the best crypto recovery expert in the industry.

Their dedicated team, proven track record, and personalized approach set us apart, making RSB the top choice for individuals seeking assistance with crypto recovery. Don’t let cryptocurrency fraud disrupt your financial security.

Contact Report Scammed Bitcoin (RSB) today and experience the peace of mind that comes with working with the best crypto recovery expert in 2024.

Dypius Enables Secure Cross-Chain NFT Transfers for CAWS and World of Dypians with Chainlink CCIP 11205

Dypius has integrated Chainlink CCIP — the highest standard for safe cross-chain interoperability in the Web3 industry – to enable seamless NFT transfers across the Ethereum, BNB Chain, Avalanche, and Base mainnets. Owners of Cats and Watches Society (CAWS) and World of Dypians (WOD) land NFTs can now securely move their assets across these blockchains, enjoying an enhanced user experience and driving the platform’s growth.

The CCIP interoperability solution is only one of the several Chainlink services that Dypius has integrated in recent years. This movement aligns with the platform’s goals to provide highly secure Web3 products and revolutionize the NFT landscape. Its continuous growth and recent updates show that Dypius is among the most innovative projects in the blockchain sphere.

How Chainlink CCIP Helps Dypius Grow

Chainlink is a world-class decentralized computing platform servicing financial institutions, startups, and developers while ensuring the utmost security for cross-chain interoperability, off-chain computation, and real-world data. The company has enabled financial institutions with $9 trillion in transactions to date – a proven track record of reliability and security that convinced Dypius to choose it as its primary interoperability solution.

CCIP is a continuously improving mechanism with a scalable architecture that allows developers to easily build custom chain-specific integrations and interact with any blockchain network via a user-friendly interface.

One of CCIP’s standout features is the backup from the Risk Management Network — a separate, independent network continually monitoring and verifying cross-chain operations. Its role is to add an extra layer of protection against the vulnerabilities of the cross-chain infrastructure.

Future updates to CCIP will benefit Dypius and its users, who won’t have to pay the switching costs if new cross-chain functionalities become necessary. This way, Dypius ensures its NFT owners enjoy ever-increasing security and efficiency without reducing quality or affordability.

Dypius has integrated several Chainlink services besides CCIP in recent years. In 2021, the platform integrated Chainlink Price Feeds into the Dypius ecosystem to help secure decentralized ETH and BNB price data. This movement supports access to real-time asset prices directly on-chain and thus ensures reliable and secure rewards data.

Incorporating Chainlink VRF & Automation helped Dypius deliver a unique and unpredictable gaming experience within World of Dypians while increasing data quality and performance.

Integrating CCIP will help Dypius users engage in seamless interactions and transfers across some of the most used blockchain networks. The platform should become more efficient and secure while growing and diversifying its user base.

Exploring the World of Dypians NFT Bridge

World of Dypians (WoD) is one of the most versatile metaverse platforms currently developing in the emerging Web3 space. This boundless multiplayer online role-playing game provides a unique, immersive experience in a virtual world that combines AI, high-quality graphics, and engaging gameplay.

The game welcomes NFT collectors and crypto enthusiasts to collect, use, and transfer CAWS or World of Dypians Land NFTs via the NFT Bridge – a dedicated page on the WOD website.

Users can initiate the transfer by connecting their wallet and choosing a bridge route between popular networks, such as Ethereum, BNB Chain, Avalanche, and Base Network. Next, they must select the NFT they wish to bridge and complete the NFT transfer, which sends the NFT automatically to the wallet in the destination chain.

Using the NFT Bridge on World of Dypians is quick and easy, even for first-time users. Moreover, it is secured by advanced protection standards, enabling seamless and efficient NFT transfers without any hassle.

The Steady Rise of Dypius

Dypius is one of the fastest advancing projects with a growing DeFi ecosystem incorporating secure and efficient products and services in Web3.

The platform is building World of Dypians (WoD) into a standout presence among platforms supporting NFT development. The game caters to regular gamers and businesses in the crypto industry and beyond. Its growth has attracted important partnerships with some of the industry’s leaders. Numerous major brands are already featured with dedicated spaces in the World of Dypians metaverse, including Chainlink, CoinMarketCap, BNB Chain, CoinGecko, KuCoin, Avalanche, Coin98, Conflux Network, Gate.io, MEXC Global, and Easy2Stake.

In 2023, World of Dypians completed key milestones, such as the game’s listing on Epic Games, launching a closed demo for its multiplayer mode, and setting new standards for AI-powered virtual universes. Moreover, the game became a legally recognized entity at the start of 2024, proving its commitment to transparency and structural growth.

Dypius is advancing on several fronts within its DeFi ecosystem. For example, its native token, DYP v2, is now supported by Trust Wallet and Coinbase Wallet, two of the industry’s top solutions for storing and managing cryptocurrencies.

Furthermore, the platform launched an exclusive beta testing program for its upcoming mobile app, inviting Dypians everywhere to become beta testers. Anyone can play a decisive role in shaping the app’s user experience by trying new features or revealing bugs.

Dypius caters to both crypto beginners and experts with versatile solutions, including analytical DYP Tools, DeFi solutions, CAWS NFTs, and Metaverse gaming. The project runs on unique smart contracts using the protocol’s proprietary anti-manipulation functionality.

Layer3 Blockchain Orbs Announces V4 Upgrade to Meet Growing Industry Adoption 11237

Trailblazing blockchain infrastructure project Orbs has announced the development of the next major iteration of its Network protocol, Orbs V4. Described as a substantial upgrade, V4 is designed to enhance the efficiency and robustness of Orbs’ Layer3 technology, preparing the network for an expected surge in already-growing demand and usage in 2024.

As decentralized applications increasingly integrate Orbs’ products, the need for a more advanced network has become apparent. Orbs V4 is set to address this pressing need by focusing on a raft of key node upgrades, ensuring Orbs remains at the forefront of blockchain technology and equipped to handle the next wave of L3 adoption.

“The evolution to Orbs V4 marks a pivotal moment in our journey,” said Nadav Shemesh, CEO of Orbs. “This upgrade is not just about scaling up; it’s about setting a new standard in L3 infrastructure, ensuring we stay ahead of the curve in this ever-evolving space.”

V4 arrives two years after the introduction of its predecessor Orbs 3.0, which showcased the venture’s novel L3 architecture. The launch of two execution services, Orbs Lambda and Orbs VM, meanwhile, allowed devs to extend smart contracts with L3 decentralized backend services executed by Orbs Guardians, reducing projects’ dependence on centralized backend solutions.

The latest iteration of the Orbs Network protocol has been in the works for some time and will benefit from more efficient node implementation and other necessary upgrades. These will include Layer3 scaling enhancements, improvements in uptime, an upgraded L3 Activity dashboard to track Orbs-powered protocols, and a revamped Tetra staking wallet.

To facilitate more frequent upgrades, the existing manual rollout process for Guardian nodes will be automated while Orbs will move away from AWS-centric deployment to support a wider range of hardware and increase decentralization.

Technical barriers facing node operators will also be reduced in V4 as the Orbs node installer CLI will be replaced. Moreover, the auditability of the Orbs core orchestrator will be improved.

The entire Orbs team is eager to collaborate with Orbs Guardians, major stakeholders, and the wider community to bring its vision for V4 to fruition and to further solidify its position as an innovator in the Web3 sector.

About Orbs

Orbs is a Layer-3 public blockchain infrastructure project, conceived as a decentralized execution layer operating between existing L1/L2 solutions and the application layer. Executed by a secure network of permissionless validators, Orbs utilizes Proof-of-Stake and improves the existing capabilities of smart contracts on both EVM and non-EVM chains.