Today, Orion, a DeFi and crypto ecosystem trading long platform, and IOHK, a blockchain engineering firm, announced a partnership to integrate the Cardano blockchain into Orion’s trading terminal. This partnership will be carried out in conjunction with Orion’s integration of the Cardano blockchain.
The Orion terminal gives users access to all major cryptocurrency exchanges without requiring them to go through the rigorous KYC and AML checks necessary to sign up for each platform. It also ensures that users get the best price for every trade they make.
Orion will also reach more sustainable growth through this partnership because of using Cardano’s energy-efficient ‘Proof’ of Betting mechanism, a technology that IOHK introduced. This is an alternative to the much-criticized Proof of Work system used by Bitcoin and the majority of other blockchains, which uses more energy than the entire country of Switzerland. In contrast, Cardano consumes the same amount of energy as a typical domestic dwelling.
Further, via the solutions of Orion, this integration seeks to bring significant transaction volume to the Cardano blockchain.
“We believe that collaboration in the sector is crucial in order for blockchain to achieve mainstream adoption, which is why we have always taken an open source and patent-free approach for building Cardano. As a result, we are always looking for partners with projects like Orion, which are crucial in order for blockchain to reach its “Bluetooth moment” in which users have a seamless experience experience when using blockchain networks, regardless of what platform are they using. ”
– Romain Pellerin, CTO of IOHK
Orion’s long-term goal is to combine access to traditional financial and NFT markets. This requires a strong and scalable blockchain, one of The reasons for Orion’s partnership with IOHK and integration with Cardano.
“Scalability is of critical importance for Orion in to achieve widespread adoption: become the single point of access to the digital asset market, we need a robust and scalable infrastructure in can handle in transactions effectively and efficiently occur on tale platform. Engineered for efficiency and scalability, the Cardano ecosystem is developing in the most complete and the most useful blockchain ever built. As the market runs towards the solution for the leading alternative to Ethereum on which build based on blockchain financial future; Cardano is ready to take that place as the first and the greatest test of stake blockchain, resolution critical areas such as cost, latency, efficiency and scalability. With Orione goal of doing the digital asset market inclusive and accessible; Cardano’s inclusive and open source method is perfect. ”
– Timothea Horwell, CMO of Orion
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