Orbs protocol introduces multi-chain staking using Layer 2 solution
Orbs Protocol is preparing for the launch of one of the first multi-chain staking solutions on Ethereum and Polygon.
The multi-chain staking solution
Since implementing the Proof of Stake (PoS) architecture on Ethereum in November 2019, Orbs has decided to offer a solution that allows users to use low cost staking technologies on other blockchains. To bring the idea to life, Orbs decided to use a Layer 2 scaling solution. Polygon offers high TPS throughput and lower fees, making it an almost perfect solution for DeFi and NFT.
Orbs’ team considers Polygon one of the most suitable chains for building a multi-chain staking solution. The Layer 2 solution allows companies like Orbs Protocol to highlight the advantages of Ethereum’s core technology without worrying about underlying problems like network congestion and high fees.
ORBS staking
Whenever the multi-chain staking proposal is accepted, the Orbs team will be able to deploy the PoS contract on Polygon and an additional contract designed for merge verification. After approval and upgrading of the portfolio, Orbes delegators will be able to bet on the channel of their choice.
Users staking ORBS on Polygon will bring more inclusion and participation to the PoS universe. The proposal will also mark Orbs as the multi-chain protocol that opens up a considerable quantity of features that the team will be able to develop in the future.
Orbs is a public blockchain infrastructure designed for the development of scalable solutions and applications integrated with layer 1 and layer 2 blockchains based on EVM. Orbs solutions work on networks such as Etherum, Binance SmartChain, Avalanche and Polygon.
The infrastructure can also act as a Layer 3 solution as an execution layer for amping up the benefits of EVM smart contracts.
