V4: Orbs’ Latest Network Protocol Iteration
Orbs, a blockchain infrastructure project, has announced the upcoming release of its latest Network protocol iteration, Orbs V4. This advancement aims to optimize the efficiency and resilience of Orbs’ Layer3 technology in preparation for the projected increase in demand and usage expected by 2024.
As decentralized applications continue to adopt Orbs’ products, the need for an advanced network has become evident. Orbs V4 addresses this requirement by prioritizing a comprehensive set of node enhancements, solidifying Orbs’ position as a leader in blockchain technology and preparing for the surge in L3 adoption.
V4 Comes as a Long-Awaited Upgrade
The release of V4 comes two years after the introduction of its precursor, Orbs 3.0, which introduced the innovative L3 architecture. The previous update empowered developers to expand smart contracts with L3 decentralized backend services executed by Orbs Guardians. With V4, Orbs aims to set a new standard in L3 infrastructure and stay ahead of the curve in this ever-evolving space.
Nadav Shemesh, CEO of Orbs, states:
“The evolution to Orbs V4 marks a pivotal moment in our journey. 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.”
New Features in V4 Upgrade
The forthcoming version of the Orbs Network protocol brings several essential upgrades. These include improvements in Layer3 scaling, increased uptime, an enhanced L3 Activity dashboard for monitoring Orbs-powered protocols, and a redesigned Tetra staking wallet.
To support more frequent upgrades, Orbs plans to automate the manual rollout process for Guardian nodes. Additionally, they aim to transition away from AWS-centric deployment and support a broader range of hardware to strengthen decentralization efforts. Technical obstacles facing node operators will be mitigated through the replacement of the Orbs node installer CLI, and enhancements to the auditability of the Orbs core orchestrator are also planned.
The entire Orbs team is excited to collaborate with Guardians, stakeholders, and the community to realize their vision for V4 and reinforce their pioneering status in the Web3 sector.
Hot Take: Orbs V4 Sets New Standards for Blockchain Infrastructure
Orbs’ release of its latest Network protocol iteration, V4, signifies a significant milestone for the project. With a focus on optimizing efficiency and resilience, Orbs is preparing for the anticipated surge in demand and usage by 2024. By prioritizing node enhancements and setting new standards in L3 infrastructure, Orbs solidifies its position as a leader in blockchain technology.
The introduction of new features such as improved scaling and enhanced monitoring tools further enhances Orbs’ capabilities. The automation of Guardian node rollouts and efforts to support a broader range of hardware demonstrate Orbs’ commitment to decentralization.
V4 represents an important step forward for Orbs as it continues to innovate in the Web3 sector. By collaborating with Guardians, stakeholders, and the wider community, Orbs is well-positioned to achieve its vision for V4 and maintain its pioneering status.
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