Frequently Asked Questions (FAQs)
What is Orange?
Orange, a collaboration between Lumoz and Ninety Eight, represents the first Proof-of-Work (PoW) Bitcoin Layer-2 Network, harnessing rollup technology to enable Turing-complete smart contracts for off-chain transactions.
Why Orange?
Security Equivalence: Leveraging zero-knowledge proof validation commitments and consensus mechanisms to ensure the Layer-2 network maintains the same level of security as the Bitcoin network.
EVM Equivalence: Compatible with existing Ethereum tools while ensuring equivalence with the Ethereum Virtual Machine (EVM).
Low Cost: Utilizing ZK proofs combined with zkSNARK technology to effectively compress data usage, thereby reducing transaction costs.
High Performance: Achieving fast network finality through validity proofs while utilizing recursive STARK technology for ultimate scalability.
User-Friendly: Directly using Bitcoin as Layer-2 Gas simplifies the network usage process.
Fair distribution: Orange governance tokens are reflected on miners contribution, enhancing decentralized governance.
Who are the creators of Orange?
Lumoz is the leading Modular Compute Layer and ZK-Raas platform, with extensive expertise in providing application-specific chains based on ZK-Rollup.
The Creators of Coin98 Wallet;
Veteran Builders since 2017;
Raised over $16M;
Binance Launchpad in 2021;
$C98 listed on major exchanges.
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