What is Orbaic & ACI?

What is Orbaic & ACI?

Orbaic's Single-Layer Blockchain:
-Orbaic's single-layer blockchain, the foundation of the ecosystem, guarantees streamlined transactions. Utilizing proof-of-stake for efficient consensus, it bypasses energy-intensive proof-of-work systems.

ACI in the Orbaic Ecosystem:
-As ACI functions as a layer within the Orbaic crypto ecosystem, it seamlessly integrates with the single-layer blockchain, enhancing transaction efficiency and overall ecosystem functionality.

Orbaic is a decentralized, one-layer blockchain protocol that aims to provide a secure and transparent platform for conducting efficient transactions. By leveraging a proof-of-stake consensus mechanism, Orbaic offers fast and energy-efficient transaction processing, reducing the need for intermediaries and associated costs. The platform is designed to be scalable, supporting a high throughput of transactions per second. Orbaic's native token, ACI, serves as the primary means of value transfer and incentivizes network participants, such as validators and developers, to contribute to the platform's growth and maintenance. With smart contract functionality and a strong focus on community engagement, Orbaic strives to build a decentralized and inclusive financial ecosystem.

The blockchain technology has brought forth a paradigm shift in various industries, disrupting traditional systems and introducing decentralized solutions. Orbaic is a pioneering project that aims to revolutionize transaction processes by providing a one-layer blockchain protocol. By eliminating intermediaries and promoting transparency, Orbaic enables secure and efficient transactions that foster trust in a decentralized ecosystem. In this white paper, we will explore the key features and benefits of the Orbaic project, including its consensus mechanism, native token (ACI), smart contract functionality, and commitment to community development.

Orbaic Protocol:
The Orbaic protocol is built on a one-layer blockchain, which operates as a self-contained network without relying on external protocols or systems. This design ensures a streamlined and efficient process for transaction verification and validation. At the core of the Orbaic protocol is a robust consensus mechanism based on proof-of-stake (PoS), which offers significant advantages over the energy-intensive proof-of-work (PoW) systems.

Proof-of-Stake Consensus:
The Orbaic blockchain leverages a proof-of-stake consensus mechanism, which enables faster transaction processing and increased energy efficiency compared to PoW protocols. In a PoS system, validators are chosen to create new blocks and validate transactions based on the number of tokens they hold and are willing to "stake" as collateral. This mechanism reduces the need for excessive computational power, making the Orbaic network more sustainable and environmentally friendly.

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