Orbiter Finance, the company behind the cross-chain bridge of the same name, intends to launch the Orbiter Rollup second-layer network based on zero-knowledge proofs (ZKP).
🛸”The Orbiter Evolution: From Bridge to Rollup, Reshaping the Ethereum Ecosystem”
Orbiter Finance is set to launch another satellite into the Ethereum galaxy!
Today, we are thrilled to announce Orbiter Rollup—a pioneering #ZK-powered instant omni meta-layer that brings…
— Orbiter Finance 🛸 (@Orbiter_Finance) January 27, 2024
The team is positioning the solution as an omnichannel solution designed to provide users with access to all other L2 protocols on ZK-Rollups and capable of transferring not only assets, but also all data.
“Ultimately, we believe that in the entire Tier 2 landscape, users will only need one EVM-a joint account to seamlessly explore the Ethereum ecosystem,” said the developers.
They focused on the concept of “intents,” which involves simplifying interactions with decentralized applications. Users should achieve the desired result without “stepping through” operations, since “all the complexities and subtleties” are handled on the protocol side, the team explained.
According to the statement, Orbiter Finance uses improved ZKP and hardware accelerators for the L2 network to increase throughput. Technology-based simplified payment verification process (SPV) to validate transactions on the main network will reduce the cost of arbitration and message latency.
The Orbiter Finance ecosystem operates an O-Points loyalty program. Users are rewarded with points for various activities in the ecosystem, including cross-chain transactions through Orbiter Bridge. Such initiatives are usually perceived by users as the first step towards a future airdrop.
Developers Orbiter Finance section FAQ emphasized that they did not make any announcements regarding the possible launch of the token.
“The team's main focus is currently on product development and improving the user experience. Any updates regarding the release of the asset will be communicated through official channels such as Twitter or Discord,” the statement said.
Let us remind you that Polygon Labs plans to launch the main network of the AggLayer solution in February as an aggregation layer for the L1 and L2 blockchains based on ZKP.
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