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Orbit Chain (ORC) is the native token of Orbit Chain platform, a cross-chain project that challenges the limitations of scalability due to the lack of connectivity and limited resources of existing public chains.

It is a multi-asset blockchain that stores, transfers, and verifies information and assets which exist on various public blockchains through Decentralized Inter-Blockchain Communication (IBC). Through multi-asset support, users can utilize various crypto assets of different blockchains on a singular chain. This allows for easy management and transfer of a user’s asset through decentralized communication channels of different chains and Orbit Chain.

The platform aims to work as a hub for public blockchains, for fluid asset movement and interaction within a single blockchain network. To this purpose, it provides a system that will use a singular method of transaction to building DApps, which will then be able to use various assets in the same manner. In doing so, the previous liquidity problem of traditional blockchain systems will be eliminated, in the standardization of multi-asset usage.

Orbit Chain (Hub Chain)

-All public blockchains will be connected to Orbit Chain through the IBC zone to share information, data, and asset using a standard format. It will work as the hub chain to gather all the information, data, and assets from all different public blockchains. DApps can easily utilize smart contracts for their utility.

-It will also support simultaneous communication for multiple public blockchains.

Orbit Inter Blockchain Communication Zone (IBC Zone)

-Orbit Chain and Public Chain will communicate through a decentralized Inter-Blockchain Communication (IBC) Zone. The IBC Zone will verify information and data from each public blockchain. These verifications will be processed on the blockchain making it safer and more reliable. It will operate with decentralized communication, not requiring a centralized operating and validating process.

Whitepaper

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