Orbiter Finance Upgrades to Orbiter X with Cross-Token and Cross-Address Transmission

02/23/2023 08:47 • Blockchain Briefs • 166 views

On February 23, it was reported that the Orbiter Bridge function of the Orbiter Finance across the Rollup Bridge of Layer2 will be upgraded to Orbiter X. The new functions include cross-token and cross-address transmission, and optimizing the revenue of Maker with less gas consumption. In addition, Orbiter X retains the security mechanism of Orbiter Bridge based on saferollup technology.

Orbiter Bridge will be upgraded to Orbiter X, and closed test has been started

Analysis based on this information:

Orbiter Finance is set to upgrade its Orbiter Bridge function to Orbiter X. The upgrade will entail the integration of cross-token and cross-address transmission and optimization of Maker’s revenue. The new function will use less gas consumption to achieve the optimization. In addition, Orbiter X will retain the security mechanism of the Orbiter Bridge, which is based on the saferollup technology.

The rollup bridge is a layer-two solution that works to enhance scalability and make Ethereum more efficient. The upgrade of the Orbiter Finance across the rollup bridge of Layer2 will increase the efficiency of the platform, making it easier for users to move assets across different systems. The cross-token transmission will make it possible for users to trade different cryptocurrencies without having to convert them into ETH first. As such, traders will save time and transaction costs.

The cross-address transmission feature will ease the process of moving assets from one wallet to another. Users will not be required to move assets to their Ethereum wallets first, as the new feature will allow for direct transmission between addresses. The feature will make transactions faster and cheaper since users will skip Ethereum gas fees.

The optimization of revenue for Maker using less gas consumption is a significant milestone for Orbiter Finance. The optimization will help increase the revenue of Maker, thereby benefitting users on the platform. The upgrade will also improve the platform’s efficiency, which will make it more accessible to people who want to trade cryptocurrencies.

In conclusion, the upgrade of Orbiter Finance to Orbiter X is a significant milestone in enhancing scalability and efficiency in the world of cryptocurrencies. The cross-token and cross-address transmission features will allow for faster and cheaper transactions across different systems, while the optimization of revenue for Maker will benefit users on the platform. The security mechanism of saferollup technology ensures that user’s assets remain safe throughout the entire process.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/23/orbiter-finance-upgrades-to-orbiter-x-with-cross-token-and-cross-address-transmission/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.