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The Orbs Network includes dozens of independent validators that run Proof-of-Stake consensus and execute Orbs VM Docker containers in a decentralized manner.
Orbs is not an L1 blockchain and is not trying to replace existing smart contracts. It is more accurately described as an oracle network similar to Chainlink, operating in L3. Orbs runs over leading L1/L2 blockchains like the EVM and TON and allows dapps to enhance smart contracts with advanced capabilities that are unsupported by the sandboxed L1/L2 smart contract model.