Team and Founders

The Orochi Network team is led by experienced professionals in Web3, cryptography, and data infrastructure.

• Founder & CEO: Chiro Hiro

• CTO / Technical Leads: Mary Tran (Kieu Diem Tran), Harry Tran

• Advisors & Strategic Partners: Ethereum Foundation, Web3 Foundation, Mina Protocol, Aleo

Orochi Network is recognized as a trusted infrastructure by over 40 blockchain projects.

Investment Announcement

Orochi Network announced an additional $8 million investment, part of a funding round totaling $20 million. This funding supports the development of Orochi’s Verifiable Data Infrastructure.

The project targets auditable and regulation-compliant systems, particularly relevant in the RWA (Real-World Assets) and stablecoin era. These systems guarantee data is provably correct, secure, and audit-ready.

Supporting Investors

• Ethereum Foundation (@ethereumfndn)

• MVentures Labs (@MVenturesLabs)

• Plutus VC (@PlutusVc)

• Bolts Capital (@Bolts_Capital)

• AntLab RWA (@AntLab_rwa)

• Anti Capital (@Anti__Capital)

• DeCom

• Presto Labs (@Presto_Labs)

Investor backing highlights the high demand for verifiable and secure data infrastructure. Orochi Network’s $ON token will be listed on Binance Alpha starting October 24.

Project Concept

Orochi Network aims to provide a decentralized Web3 infrastructure that ensures data integrity and privacy.

• Verifiable Data Pipeline: Offers transparency and cryptographic verification at each data processing step.

• ZK-Data-Rollups: Compresses and validates data without exposing sensitive information.

This allows developers and enterprises to build reliable applications without compromising data privacy.

How It Works

Core components of Orochi Network:

• Verifiable Data Pipeline: Provides cryptographic proof for each data step.

• ZK-Data-Rollups: Uses ZKP to compress and verify data.

• Merkle Directed Acyclic Graph (Merkle DAG): Offers higher scalability and performance than traditional blockchains.

• Succinct Hybrid aBFT Consensus: Enables asynchronous finality and transaction efficiency.

• Proof-System Agnostic: Compatible with Plonky3, Halo2, Nova, Pickles.

• Blockchain Agnostic: Supports integration with multiple blockchain platforms.

Orochi Network supports applications in zkVM, zkML/AI, zkApp/dApp, DeFi/Fintech, IoT/DePIN, and ID/KYC.

Products and Services

• zkDatabase: ZKP-enabled database for confidential and verifiable storage.

• zkMemory: Ensures integrity and privacy during in-memory processing.

• Orocle: Trustless, cryptographically verifiable oracle.

• Orand: Secure randomness source for dApps.

• OroSign: ZKP-based private and verifiable signing/authentication service.

• zkDA Layer: Guarantees data accessibility and correctness via ZK-Data-Rollups.

Governance

Orochi Network envisions a decentralized governance model through its $ON token, enabling holders to participate in key network decisions. Detailed governance and voting mechanisms will be clarified after the token launch.

Roadmap

• Initial: Development of Orochi Network and ZKP-based verification infrastructure.

• 2024 – Pilot & Testing: ZK-Data-Rollups and Verifiable Data Pipeline tests.

• 2025 and beyond: Deployment of blockchain-agnostic solutions, scalability, Web3 integration, and developer ecosystem expansion.

$ON Token Overview

The native $ON token underpins the Verifiable Data Infrastructure ecosystem. It enables verifiability, incentivizes participation, and secures the network.

Key $ON Use Cases:

1. Validator Incentives: Validators stake $ON in PoS consensus to secure the network.

2. Distributed Storage: Users pay $ON to rent space in Orochi’s distributed storage.

3. ZK Sequencer Rewards: ZK sequencers process transactions and maintain privacy for $ON rewards.

4. Transaction Fees: $ON is used for network fees, sustaining the ecosystem.

Token Details

• Symbol: ON

• Total Supply: 1,000,000,000 ON

Token Allocation:

• Network Incentives: 30%

• Ecosystem Reserve: 21.55%

• Foundation: 15%

• Marketing/Liquidity: 11.65%

• Team: 10%

• Investors: 8%

• Airdrop: 3.8%

$ON unlocks balance immediate usability with long-term network stability, aligning validators, provers, developers, partners, and the community for sustainable growth.

Ecosystem

Orochi Network focuses on Web3 applications requiring data security and privacy:

• Real World Data

• zkVM / zkML

• dApps / zkApps

• Fintech / DeFi

• IoT / DePIN

Orochi Network is expanding rapidly:

• 140+ projects are part of the ecosystem

• ONProver Campaign: Users run ONProver apps to contribute to the Verifiable Data Infrastructure and potentially mine $ON tokens.

• ONID Accounts: A user identity system encourages participation.

Key Features

• Verifiable Data Infrastructure

• ZKP-Based Security

• Blockchain Agnostic

• Scalable & Efficient

• AI/ML Compatible

• Web3 Empowering

Official Links

• Website
• Twitter
• Telegram
• Discord

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Orochi Network (ON)? appeared first on Coin Engineer.