Orbiter Rollup is becoming the basic infrastructure layer of Ethereum, focusing on enhancing final interoperability and capital efficiency.
Written by: Orbiter Finance
Translated by: Zonff Partners
Recently, Orbiter Finance announced the deployment of a new project in the Ethereum ecosystem, launching Orbiter instant full-chain Rollup, a groundbreaking instant omni meta-layer based on ZK (zero-knowledge proof), which can bring unlimited scalability and unified liquidity to the Ethereum mainnet. Zonff Partners previously participated in Orbiter Finance's seed round financing and made additional investments in the A round.
Why is Orbiter launching Rollup?
Since its launch, Orbiter's cross-chain bridge has been widely used and has achieved outstanding results in the L2 cross-chain field. The DAU ranks among the top in various Layer2 ecosystems such as zkSync, Linea, Starknet, Arbitrum, and Optimism. Building on the success of the cross-chain bridge, Orbiter Finance plans to further expand its business in the future and elevate its brand to new heights.
Orbiter's decision to enter the Rollup track stems from its rich experience in operating cross-chain bridges. Over the past two years, Orbiter's cross-chain bridge application has processed a large number of transactions and served a wide range of users. Orbiter found that the demand for intent-centric protocols and infrastructure, as well as omni-rollup solutions, is rapidly growing. This drives Orbiter Finance to launch Orbiter Rollup, envisioning a seamless, omni-connection Layer2 future scenario. Through simple interactions, users can not only transfer assets but also transfer all data between all L2s.
Note ①: Paradigm defines "intent" as a set of signed declarative constraints that allow users to create transactions for third-party outsourcing without relinquishing complete control over the transaction parties. In the past, users completing a complex DeFi operation might have to register a wallet, configure various chain RPCs, use cross-chain bridges, approve, swap, stake, and so on, a series of complex, gas-burning, and high-security-risk operations, which are extremely unfriendly to ordinary users. After the intent-centric infrastructure is improved, users can register a wallet, communicate "intent" with the relevant product, and then use auxiliary tools to help them complete various DeFi operations. Users only need to issue instructions and sign an approve instruction. In other words, intent-centric is an intermediate layer embedded between users and DeFi infra, which can allow DeFi to have a user experience similar to CeFi, reducing the threshold for users to participate in DeFi. (Explanation from Twitter: Haotian | CryptoInsight; @tmel0211)
Orbiter's accumulation in the Layer2 track helps it maintain its advantage in Rollup
Orbiter has achieved remarkable results in Layer2, and its protocol Orbiter Bridge occupies 57% of the market. In 2023 alone, it successfully processed over 12 million transactions, totaling $7.8 billion. Such transaction volume can rival other top L2s, making Orbiter one of the strong competitors in the field.
Transforming the cross-chain bridge into Rollup enables Orbiter to process a large number of transactions more efficiently and cost-effectively. As one of the pioneers in this track, Orbiter has in-depth understanding and professional knowledge of various L2 ecosystems and applications in terms of technology and operations, which ensures Orbiter's continued success and leadership in the industry.
Why choose ZK-Rollup?
Vitalik Buterin emphasized that ZK-Rollup will dominate the Layer2 track in the coming years, and Orbiter hopes to trigger a revolution in the Ethereum ecosystem by efficiently utilizing ZK technology.
Orbiter Rollup utilizes advanced zero-knowledge proofs (ZKP) and hardware accelerators to significantly increase throughput. This is achieved by batch processing transactions and enabling off-chain computation, which can significantly reduce the gas cost of each transaction and increase speed, while inheriting the security of Ethereum.
Orbiter also uses ZKP-based SPV (Simplified Payment Verification) to verify the validity of Layer2 transactions initiated from the mainnet, and reduces arbitration costs and communication latency through EVM arbitration fraud relays.
With its deep expertise in ZKP, Orbiter Rollup will redefine the Web3 experience for users and developers. By simplifying Layer2 transactions in ways that were previously considered technically challenging, Orbiter aims to initiate a paradigm shift, making blockchain more convenient and simple.
What makes Orbiter Rollup unique?
Orbiter Rollup is becoming the basic infrastructure layer of Ethereum, focusing on enhancing final interoperability and capital efficiency.
Here are the unique aspects of Orbiter:
1) Running on zkEVM, Orbiter Rollup replicates the Ethereum environment and is fully compatible with the Ethereum ecosystem. This ensures that existing EVM smart contracts, development tools, and DApps can smoothly and economically migrate, making Orbiter an entry point for enterprise adoption and widespread use.
2) Orbiter has reached the pinnacle in all aspects of blockchain infrastructure:
- Security: All user transactions will be recorded on the Ethereum mainnet, and the data availability from Layer 2 can be effectively verified. Orbiter Rollup also implements strict arbitration to ensure the security of cross-chain messages.
- High performance & low cost: Orbiter's innovative use of ZKP significantly reduces transaction and arbitration costs. Designed for instant transactions and enhanced capital efficiency, Orbiter eliminates long waiting times during message transmission. Orbiter Rollup aims to optimize cross-chain communication by canceling or overriding nonce-based transactions, ensuring effective and rapid message transmission.
Note ②: A scalar value equal to the number of transactions sent from this address or, in the case of accounts with associated code, the number of contract-creations made by this account. (Ethereum Yellow Paper); All Ethereum transactions are based on accounts, unlike Bitcoin, which is based on UTXO, so it is necessary to record each transaction in order. The nonce value is the sequence of this, and it is calculated by counting the number of transactions sent from an address. It is not stored on the Ethereum blockchain, but is calculated.
- Decentralization: Orbiter Rollup enhances the protocol's decentralization. By using zk-SPV to obtain accurate responses from market makers and ensure fund security, Orbiter can provide full access to the role of market makers, thus achieving decentralization. This approach constructs an open ecosystem monitored and managed by mathematical algorithms, which can eliminate reliance on centralized institutions.
3) Orbiter is intent-centric and extremely user-friendly:
- Blockchain has been frequently criticized for its poor user experience, which also hinders the widespread adoption of related applications. Therefore, the concept of "intent" has become a new buzzword, as it allows users to achieve their ultimate goals without needing to understand detailed methods and paths.
- Orbiter Rollup, as an intent layer, is mainly used for the decentralized aggregation of Orbiter user cross-chain intent-related information. Orbiter assures users that they can achieve their desired results without specifying the execution steps, as Orbiter and its partners will work together to make the user experience smoother and more enjoyable.
Orbiter believes that in the entire Layer2 field, users only need an EVM-compatible account to seamlessly explore the Ethereum ecosystem. Orbiter Rollup, as a catalyst, will realize this vision.
Key Features of Orbiter Rollup
Orbiter Rollup integrates the most cutting-edge technologies on the market, and here are some of the flagship features that demonstrate its technical expertise:
- Zero-knowledge SPV promotes private transactions
Orbiter can prove the validity of historical data in smart contracts, which is crucial for optimizing curves and reducing impermanent loss for liquidity providers in AMM protocols.
Zero-knowledge SPV technology can hide specific input information, allowing DApps to execute private transactions based on it.
- Omni/Orbiter Abstract Account (OAA) Protocol
OAA is Orbiter's next-generation abstract account protocol, derived from the ERC4337 abstract account protocol (https://erc4337.io/docs). OAA aims to facilitate fast and secure communication between chains through the Orbiter full-chain interoperability protocol, ultimately reducing user operational costs and driving widespread adoption of cryptocurrencies.
Orbiter Rollup will phase out EOA accounts and transition to providing comprehensive support for OAA accounts.
- Orbiter Full-Chain Consensus Layer
Orbiter Rollup can synchronize information from the Orbiter full-chain protocol, allowing DApps to seamlessly access all cross-chain data within the ecosystem.
When arbitration events occur within the Orbiter protocol, Orbiter Rollup can act as an arbitrator, identifying the party involved in malicious behavior.
Orbiter Rollup will establish a governance committee and economic model for the Orbiter full-chain protocol.
Orbiter's Evolution: From Cross-Chain Bridge to Rollup
Orbiter Rollup marks a significant advancement for Orbiter in promoting widespread adoption of cryptocurrencies, providing secure, efficient, and decentralized infrastructure.
Orbiter's Rollup upgrade achieves seamless and user-centric information transmission within the Ethereum ecosystem. This, in turn, will help expand Ethereum and optimize its overall interoperability and efficiency, allowing users and developers to explore and experience Web3 in various DApps and other use cases.
The Orbiter team will introduce Orbiter's partners and launch a test version in the future.
References
Buterin, V. (2022). ETH Seoul 2022 Speech. https://youtu.be/Q9-5KRmC2O8
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