Overview
What Is OrangeLayer?
OrangeLayer integrates BTC staking on Ethereum allowing stakers to power applications on Ethereum via Bitcoin Protected Services (BPS), similar to EigenLayer's AVS.
OrangeLayer can be thought of as similar to EigenLayer, but for Bitcoin. It is a staking infrastructure platform that brings the trillion-dollar worth Bitcoin crypto-economic security to Ethereum. It achieves this without adding undue stress to Ethereum's consensus.
OrangeLayer's protocol is powered by:
Stakers,
Validators, and
Developers who build Bitcoin Protected Services (BPS).
Validators manage a variety of BPS including oracles, light node bridges, Proof of Stake (PoS) systems, and event-driven services. In return for providing economic guarantees, developers give stakers a return for their deposited BTC. This ensures BTC holders on all chains receive rewards whenever they stake their assets. OrangeLayer is redefining blockchain security and innovation by facilitating Bitcoin staking, which taps into Bitcoin's unparalleled security and market value. By effectively using BTC and its various wrapped and/or pegged versions for staking, OrangeLayer aggregates security from a single source: Bitcoin. This is in stark contrast to restaking on Ethereum, where several liquid staking protocols can restake their tokens - which fragments liquidity for restaking.
The Vision of OrangeLayer
OrangeLayer envisions a world where a single asset (BTC) is used to power several applications and distributed systems on Ethereum. This eliminates the applications' worries about bootstrapping security. OrangeLayer accelerates the innovation in distributed systems, mirroring the rapid development of smart contract protocols by providing an easily accessible and secure foundation. All of this is managed by a highly decentralized and distributed set of validators that power OrangeLayer.
Core Trust Dimensions in OrangeLayer
OrangeLayer introduces three fundamental trust dimensions specifically designed to leverage Bitcoin for staking:
Economic Trust: Staking Bitcoin within OrangeLayer creates a financial commitment to network integrity, with built-in economic deterrents against malicious activities. This level of trust ensures that it's economically disadvantageous for rational actors to act against the system's best interests.
Decentralized Trust: OrangeLayer's trust model is built on a distributed network of validators, ensuring operational autonomy and minimizing collision risks. This structure enhances network security against threats and promotes a secure, decentralized ecosystem.
Cross-Chain Inclusion Trust: OrangeLayer innovatively bridges Bitcoin's security capabilities with Ethereum's smart contract functionalities, creating a hybrid trust model that benefits from the strengths of both blockchain ecosystems. This cross-chain integration fosters the development of secure, efficient, and versatile applications and services.
Facilitating Innovation with OrangeLayer
Beyond mere asset security, OrangeLayer unlocks unprecedented opportunities in the blockchain space. By leveraging Bitcoin for staking, developers gain access to a highly deep liquidity reserve, which they can use to power a suite of tools and services.
With the upcoming launch of a Timestamp Data Availability (DA) layer, OrangeLayer will provide fast finality solutions, enabling more efficient and reliable transaction processing. This move towards programmable trust allows developers to customize their services, security and operational features, heralding a new era of blockchain innovation that is secure, decentralized, and seamlessly interconnected.
OrangeLayer's Unwavering Commitment to Security
At OrangeLayer, we are devoted to building a highly secure protocol that assists and drives growth on Ethereum, while allowing BTC holders to benefit from it. At the heart of the protocol is the Guardrail Manager, a specialized module that ensures the protocol remains highly secure, stable, and efficient - across all of Bitcoin's staking modules.
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