The scalability solution is one of the great concerns of blockchains and Cardano announced that he will have his own call ZK-Rollups. With it, it will seek to move the calculations outside the chain to reduce the pressure on the main network, according to Vladislav Sopov on UToday.
What is Orbis?
The team of Orbis, an early stage Cardano scaling solutionhas posted a funding request on the platform Ideascale by Project Catalyst. According to the document, the Orbis product has every chance to significantly improve the performance and development experience of Cardano.
As with other solutions based on zktransactions on Orbis will be done off-chain and then transmitted to the Cardano mainnet via a resource efficient mechanism.
The protocol is configured to use zkSNARK (Succinct, Non-Interactive Knowledge Argument)a kind of zero knowledge test which does not require a two-way interaction between modules on and off the chain.
According to the statement, the team requests 1 million dollars in funds to develop and launch Orbis on Cardano.
ZCash Halo Protocol Will Boost Cardano Yield
The protocol team is led by Ryan Matovu, one of the founders of Ardanawhich is the Cardano’s first DeFi and stablecoin hub.
Ardana made headlines with her Cardano-Near decentralized bridge.
Cardano’s Orbis will leverage Halo 2a technology developed and tested by the leading privacy-focused blockchain ZCash (ZEC).
The Orbis ecosystem will be highly scalable: it will even allow users to build Layer 3 solutions on top.
The Cardano Community Incubator, Project Catalystis the largest support initiative for Cardano-focused early-stage products.
Cardano It is trading at 0.8523 and the crossing of the moving averages, the 70-period below the 200-period would give us a bearish signal.
