Following the bloom of dApps in the Blockchain era today, Layer 3 (L3) networks are a new layer to the blockchain network that focuses on building decentralized apps (DApps).
Orbs are not only an example of a Layer 3 blockchain network, but they also have been getting a lot of attention for being a Layer 3. It was also the first to coin this term.
Since its founding in 2017, the company has been being developed by a team of more than 30 people, with team members working in Tel Aviv, London, New York, Tokyo, and Seoul.
Quick Verdict: Orbs is a Layer 3 blockchain network that enhances decentralized applications by providing a dedicated, optimized environment for each app with its own governance and economic systems.
Quick Facts
| Category | Key Point |
|---|---|
| Concept of Layer 3 Networks | Focus on building decentralized apps (DApps) on top of Layer 1 blockchains. Provide a dedicated environment for a single DApp with its own… |
