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About Orbs
-
What is Orbs (ORBS)?
: A public blockchain infrastructure combining scalability, low fees, performance, security, and ease of use. -
Founders:
Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled. -
Unique feature:
Complements Ethereum standards, allowing DApps to take advantage of both chains. -
Total supply:
10 billion ORBS tokens, with 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, and 5% for advisors. -
Security:
Uses proof
About Orbs: Empowering a Decentralized Future
Introducing Orbs (ORBS): A Comprehensive Overview
Orbs is a pioneering public blockchain infrastructure that seamlessly integrates scalability, minimal fees, exceptional performance, robust security, and intuitive usability.
The platform is meticulously designed to cater to mass-use applications, boasting a comprehensive blockchain stack. The Orbs platform is a decentralized, open, and transparent network that provides pragmatic blockchain solutions for enterprises and large-scale consumer applications, thereby facilitating seamless adoption.
The Orbs protocol leverages the ORBS token, which facilitates the calculation of commissions for executed applications and implements an incentive system that enables the selection of validators, thereby guaranteeing the integrity of the network. The ORBS token serves as the exclusive medium of exchange on the Orbs platform.
Orbs was founded in 2017 by a team of seasoned engineers, entrepreneurs, and scientists who successfully designed an infrastructure that leverages blockchain virtualization and randomized proof-of-stake (RPoS) to guarantee unparalleled blockchain scalability.
The Visionaries Behind Orbs: Meet the Founders
At the helm of Orbs are four visionaries: Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled.
Daniel Peled, a seasoned figure in the Israeli Bitcoin community, serves as the president of Orbs. In addition to this role, he is also the co-founder and CEO of PayKey, a prominent Israeli fintech startup. Peled’s academic background includes an LLM and a Bachelor’s of Science in Economics.
Tal Kol boasts a Bachelor of Science in Computer Engineering from the esteemed Technion, a prestigious university in Haifa, Israel. As a renowned expert in blockchain applications, he formerly spearheaded the engineering division at Kin by Kik Interactive. Notably, he co-founded Appixia, a trailblazing mobile app startup that was subsequently acquired by Wix.com, prior to his tenure at Orbs.
Netta Korin embarked on her professional journey on Wall Street, where she honed her skills as an investment banker, before transitioning to a successful stint as a hedge fund manager. Her philanthropic endeavors are equally impressive. Notably, prior to her accomplishments at Orbs, Korin served as a senior advisor to Deputy Minister for Diplomacy Dr. Michael Oren in the Israeli Prime Minister’s Office, further underscoring her esteemed credentials.
Uriel Peled, a renowned consultant on numerous blockchain projects, has established himself as one of Israel’s most esteemed and influential tech personalities. Holding a degree in electrical engineering from the prestigious Technion, Peled brings a wealth of expertise to the table. Prior to joining the Orbs team, he co-founded Visualead, a pioneering AR/VR startup that was subsequently acquired by the e-commerce giant Alibaba.
Unveiling the Unparalleled Attributes of Orbs (ORBS)
Orbs is a public blockchain platform that seamlessly integrates with the existing Ethereum ecosystem, supporting the deployment of smart contracts. By synergistically combining the strengths of both Orbs and Ethereum, decentralized applications (DApps) on the platform can leverage the benefits of both chains, thereby ensuring enhanced security, liquidity, low transaction fees, scalability, and seamless access to payment infrastructure.
What Is the Circulating Supply of Orbs (ORBS) Coins?
Orbs is an ERC-20 token, native to the Ethereum platform, serving as the primary medium of exchange for all services offered on the Orbs platform. Through this token, users can settle payments for services provided by infrastructure operators, while also facilitating the selection of validators and governing the protocol as a whole.
The network’s total token supply is capped at 10 billion ORBS tokens, generated through a process known as priming. The distribution of these tokens is allocated as follows: 55% are reserved for long-term holdings, 20% were allocated to private sales, 20% are designated for the team and founding partners, and 5% are reserved for advisors.
The Orbs Network’s Robust Security Mechanisms
The Orbs network is anchored in a robust proof-of-stake (PoS) ecosystem, which serves as the foundation for its security and seamless functionality, ultimately optimizing the platform for the deployment of decentralized applications (DApps).
Notably, randomized proof-of-stake (RPoS) boasts both velocity and security. In each consensus round, a selection is made from a pool of validators, facilitated by small, randomly constituted committees. This randomization, coupled with the validator set, ensures the dual benefits of security and decentralization, ultimately culminating in consensus, thanks to the committees’ instrumental role. This innovative Orbs model is dubbed Helix, a Byzantine fault-tolerant and scalable algorithm wherein guardians and delegators leverage stake to select validators.
Where to Acquire Orbs (ORBS) Tokens?
In the rapidly evolving decentralized finance (DeFi) ecosystem, the Orbs blockchain platform has successfully implemented a plethora of integrations with decentralized exchanges (DEXs). As of July 2021, ORBS’ market capitalization represents a modest 0.01% of the total cryptocurrency market, with a diverse range of exchanges supporting ORBS trading, including Bithumb, KuCoin, Bittrex, OKEx, Indodax, ProBit Global, Upbit, Hotbit, Bilaxy, Coinone, Huobi Korea, LiteBit.eu, Bitsonic, KyberDMM (Kyber Dynamic Market Make Protocol), BHEX (BlueHelix Exchange), and Bitbns.
New to the world of cryptocurrency? Discover the ins and outs of purchasing Bitcoin and other digital assets with our comprehensive guide.
Salient Advantages:
- Facilitating the seamless transfer of tokens across disparate blockchains. *
- Developers gain unhindered access to the ecosystem, encompassing wallets, tokens, and exchanges. *
- Orbs’ scalable production environment empowers users to tap into the advantages of fundamental liquidity.
In the Orbs platform ecosystem, two distinct roles exist: delegators and guardians, each playing a vital part in the system’s functioning.
Delegators, comprising ORBS token holders, entrust their voting power (equivalent to their stake) to guardians, who assume the critical responsibility of ensuring the network’s security. Through this delegated stake, guardians are empowered to represent a broad swath of the ecosystem, thereby enabling them to vote for validators without adhering to protocol constraints.
Notably, Orbs has pioneered two groundbreaking technologies: virtual chains and randomized proof-of-stake (RPoS). By deploying their own dedicated virtual chain, DApps built on Orbs can optimize performance, while the RPoS consensus mechanism guarantees the highest levels of security and decentralization.
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