OrbitChain
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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 becomes disconnected or offline.
Simplicity: Complexity is lowered, even if it means less efficiency.
Longevity: The chain is to be built with modular designs regarding functions as to maintain operation continuously despite security / governance flaws while they 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.
Block chain Security: Risk of 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 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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