The Orbs has gained traction as a public and decentralized blockchain infrastructure operated via permissionless validators and the Proof-of-Stake (PoS) consensus mechanism.
Orbs, a layer-3 blockchain solution, has launched its TON verifier, an open-source application to help developers publish certified source code. Consequently, Orbs will significantly increase the trust score on the TON chain amidst the cryptocurrency bear market fueled by network rug pulls and hacks.
TON Verifier by Orbs
Interoperability between different blockchains has dramatically increased the need for secure and scalable layer 3 networks.
As such, the TON Verifier by Orbs is expected to play a crucial role in enhancing smart contract transparency run on the TON chain.
“The TON Verifier marks a big step in bringing more transparency to the TON chain. Its potential for smart contracts is undisputed, yet users and developers aim for better accountability. Moreover, transparent and verified source code makes assessing the integrity of contracts straightforward,” the company noted in a press release.
The Orbs has gained traction as a public and decentralized blockchain infrastructure operated via permissionless validators and the Proof-of-Stake (PoS) consensus mechanism. Notably, the Orbs platform serves as a decentralized execution layer between existing layer-1 and layer-2 chains. Through enhancing the capabilities of Ethereum Virtual Machine (EVM) and non-EVM smart contracts, Orbs powers new use cases for DeFi, NFTs, GameFi, and other emerging blockchain-based sectors.
Orbs Marker Outlook and Its Commitment to TON Chain
The Orbs network has recently unveiled its Improvement Protocols dubbed OIPs to improve the underlying ecosystem through official suggestions. With the OIPs in place, the Orbs and TON network anticipates to vigorously engage the community through secure smart contracts.
“Through the new tool by Orbs, developers can upload smart contract source code and include a signed proof to ensure it compiles to the on-chain version. Contracts are verified through the app, which compiles and verifies the source,” the company noted.
Smart contracts have taken center stage in blockchain development, with DeFi protocols heavily reliant on well-written contracts. Furthermore, attackers have in the past gained access to bridges used in enhancing blockchains through shared networks.
Notably, the TON network is a third-generation PoS blockchain created back in 2018 by the Durov brothers – the founders of Telegram Messenger. Following regulatory complications related to the Telegram network, the TON chain was handed over to the open Community.
The Orbs network uses the ORBS token for speculative and governance purposes. According to market data from Coingecko, the ORBS token has dropped approximately 93 percent since hitting ATH last year. The ORBS token has, however, gained 424 percent from all time to trade around $0.02453609 on Thursday.
Nonetheless, the Orbs network remains committed to the TON ecosystem and its future success. For instance, the Orbs team recently introduced Minter, which is used to deploy alt-tokens on the TON chain. Reportedly, the Mintee m project has given birth to nearly 500 tokens on the TON network.
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Source: https://www.coinspeaker.com/orbs-ton-verifier/