Orbit Chain Whitepaper V1.0
  • Orbit Chain Whitepaper
  • 0. Overview
  • 1. Introduction
    • 1.1 Issues of the Blockchain World
    • 1.2 Multi-Asset Blockchain
    • 1.3 Value Proposition
  • 2. Orbit Chain Network
    • 2.1 Overview
    • 2.2 Orbit Chain's Design Goal
    • 2.3 Block Consensus
    • 2.3 Orbit Chain IBC
    • 2.4 Orbit Chain SDK
    • 2.5 Token Economy
    • 2.6 Governance
  • 3. Use Cases
  • 4. Roadmap
  • 5. Orbit Chain Contract Module
    • 5.1 Asset-Balance
    • 5.2 IBC-Bitcoin
    • 5.3 IBC-Ethereum
    • 5.4 IBC-Ripple
  • 6. IBC Protocol Guide
    • 6.1 Bitcoin IBC Protocol
    • 6.2 Ethereum IBC Protocol
    • 6.3 Ripple IBC Protocol
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  1. 2. Orbit Chain Network

2.2 Orbit Chain's Design Goal

Decentralization: Anybody can participate in the blockchain with O(c) amount of resources, including but not limited to verification and sending.

Resilience: The chain is to maintain connectivity even if majority of the nodes on the network become disconnected, or go offline.

Simplicity: Complexity is lowered, even if it means less efficiency.

Longevity: The chain is to be built with modular designs regarding functions to maintain operation continuously even while security/governance flaws are being rectified.

Scalability: Transactions and other functionalities are to be processed in a parallel way to increase scalability.

Connectivity: The chain is to connect to different systems regardless of their format and design.

Blockchain Security: Safeguards and protection are put in place against the risk of a 51% Attack.

Finality reversion: Should a certain block A be finalized by a Validator, it must be prevented from being finalized again by another individual.

Invalid chain finalization: ‌A validator cannot finalize an invalid block.

An invalid block must be rejected, following the laws regarding blocks and signature information.

Liveness denial: The chain is to continue functioning in the event that a small number of validators stop producing blocks

Because Orbit Chain is based on a PoS consensus algorithm, validators that do not validate are pushed out of validator group by penalization through the algorithm.

Censorship: ‌Validator must verify all transactions made on the blockchain fairly.

Should the majority of validators choose to take advantage of their majority voting power, a small number of honest nodes may run the chain independently from the main chain through a soft fork process. In this case, the market is left to choose between the original chain, and the new chain.

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Last updated 4 years ago