Agoric, a L1 Blockchain, Announces the Roll-out of Its Orchestration API

Agoric, a Layer-1 blockchain, has announced the launch of its Orchestration API, aimed at simplifying multi-chain operations and enhancing liquidity in the Web3 ecosystem.

Points

• Agoric has launched its Orchestration API to streamline multi-chain operations.
• The API enables real chain abstraction and cross-chain programmability.
• It provides composability across protocols, unlocking liquidity regardless of the native chain.
• The Orchestration API aims to improve user experiences and economic opportunities.

With over $2 trillion in liquidity fragmented across different blockchains and their ecosystems, users often face complex, arduous experiences in Web3. Agoric, a Layer-1 blockchain, aims to change this with the roll-out of its Orchestration API. This new API facilitates real chain abstraction, offering cross-chain programmability through a multi-block execution environment and simple JavaScript APIs to manage accounts and assets on remote chains.

Dean Tribble, CEO of Agoric Systems, expressed excitement about the platform, stating that it enables rich, one-click user experiences that unlock new economic opportunities across multiple chains. The Orchestration API provides composability across protocols, unlocking liquidity regardless of the native chain.

Interchain trading terminal Calypso will leverage Agoric Orchestration to launch their staking widget, allowing users to stake into any IBC-enabled chain from almost any starting token with just one action. John DiBernardi, Co-Founder of Calypso, praised Agoric Orchestration for simplifying time-intensive and frustrating DeFi tasks into a one-click experience that both new and seasoned users will greatly appreciate.

Explanation

• Layer-1 Blockchain: A base-level blockchain network that provides the foundation for building and running decentralized applications and services.
• Orchestration API: An application programming interface designed to coordinate and manage complex workflows across multiple blockchain networks.
• Cross-Chain Programmability: The ability to write and execute code that interacts with multiple blockchain networks seamlessly.

Agoric’s Orchestration API is set to revolutionize the multi-chain Web3 ecosystem by simplifying operations and enhancing liquidity, making blockchain technology more accessible and efficient for users and developers alike.