Orbs is a public blockchain infrastructure designed for mass-use applications and supports a complete blockchain stack. The Orbs platform is a decentralized, open, and transparent network that offers practical blockchain solutions for enterprises and other large-scale consumer applications.
The Orbs Network and its native token ORBS were launched in March 2019. In only four short months, the network had its first reward distribution, where 18 million ORBS were distributed to 1,448 participating addresses, and by October of the same year, the first DApp was launched on the network.
The Orbs blockchain is considered one of the most esteemed blockchains in the market. It has partnered with technology industry leaders like IBM, Binance, Consensys, and Celsius to promote the adoption of blockchain.
ORBS Coin
The ORBS coin is the native protocol token of the Orbs platform. It has several use cases on the Orbs blockchain, including:
- The calculation of commissions for executed applications.
- The provision of an incentive system used to select validators, thereby ensuring the integrity of the network.
The ORBS token serves as the only means of payment on the Orbs platform.
Check the ORBS price, 24-hour trading volume, market cap, circulating supply, total supply, max. supply, historical statistics, etc., and get updates on ORBS price live data on CoinStats, one of the best crypto platforms around. ORBS to USD price is updated in real-time.
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ORBS Coin Founders
The Orbs blockchain was built and designed by a team of Israeli-based researchers and crypto enthusiasts: Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled.
They are trained and experienced engineers, businessmen, and scientists who have managed to create an infrastructure that uses blockchain virtualization and randomized Proof-of-Stake (RPoS) to ensure blockchain scalability.
Daniel Peled was the co-founder and CEO at PayKey, an Israeli Fintech startup with investors such as MasterCard and Santander InnoVentures. He is also a veteran member of the Israeli Bitcoin community and the first person in Israel to ICO a blockchain company. Daniel holds an LL.M and BS in Economics.
Netta Korin served as Sr. Advisor to Gen. Mordechai on special projects in the Ministry of Defense and as Sr. Advisor to Deputy Minister for Diplomacy Dr. Michael Oren in the Prime Minister’s Office. She currently chairs IMPACT, one of Israel's most extensive scholarship programs, which has helped produce over 7,000 graduates and 4,000 students in Israel. For over 15 years, Netta has served on multiple boards in Israel and America, holding high-level positions on Executive Committees.
Tai Kol co-founded Appixia, a mobile app startup acquired by Wix.com, and was Wix.com Head of Mobile Engineering. He is an expert in blockchain consumer applications and former Head of Engineering in Kin by Kik Interactive. Tal is an open-source enthusiast, contributor to the React ecosystem, and conference speaker. He holds a BSc summa cum laude in Computer Engineering from the Technion.
Uriel Peled is a consultant on several blockchain projects, earning him a reputation as one of Israel's most influential and respected tech personalities. He has a degree in electrical engineering from the Technion. Before joining the Orbs team, Peled co-founded Visualead, an AR/VR startup later acquired by Alibaba.
The Orbs team has raised over $111m since its launch and is being developed by a dedicated team of more than 60 people out of its offices in Tel Aviv, Israel, San Francisco, California, and Singapore.
The Orbs network has some key benefits which give it some competitive advantage over its peers.
Key benefits include:
- The seamless transfer of tokens between blockchains. *
- Developers have access to the ecosystem, its wallets, tokens, and exchanges. *
- With Orbs' scalable production environment, users have access to the benefits of basic liquidity.
How Does Orbs Work
The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. The Proof-of-Stake consensus mechanism rewards its stakers over time.
The Orbs Network offers predictable, low fees and high scalability to meet the demands of large-scale consumer applications. It combines its own scalability, virtual chain isolation, and low fees with the decentralized ecosystem of Ethereum to allow developers to scale their decentralized blockchain applications massively.
The Orbs platform uses three primary features: Virtual Chains, Randomized Proof-of-Stake, and Cross-chain Interoperability.
Orbs Staking
Orbs staking works like any other blockchain that uses the Proof-of-Stake consensus mechanism to enable Orbs users to earn passive income while participating in the Orbs ecosystem.
The system is run by two kinds of users: the Guardians, aka the Validators, and the Delegators. The Delegators are ORBS token holders who assign their voting weight to Guardians. The Guardians review the Validators, monitor their operations, and approve Validators that follow the protocol correctly to ensure proper network operation and security.
Orbs users can stake idle ORBS assets and earn passive income. Staking with Orbs is to participate in the network’s operations (validating blocks) by becoming Delegators who assign their stakes to Validators.
Rewards
ORBS stakers are rewarded for their stakes, and token holders that delegate to an active Guardian are rewarded in proportion to their stake.
The annual reward is up to 8% of the Delegators' staked tokens (subject to an 80M Orbs Token cap on total rewards).
How to Buy ORBS
ORBS is currently traded on 16 exchanges. The top exchanges to purchase ORBS coins are Bibox, Indodax, Bithumb, Coinone, and FTX. Currently, the most popular exchange for ORBS is Bibox. ORBS coins can be purchased with either fiat or cryptocurrency.
Fiat or Crypto
You can use a credit or debit card, bank account, or crypto from a cryptocurrency wallet to buy ORBS. The payment method you use will be determined by the platform, location, and preferences.
Funding your account through:
Linking your debit card to your crypto account is advantageous as it lets you make instant or recurring purchases, but be aware that it attracts an additional fee.
It's usually free to make a bank transfer from your local bank accounts, but you should still double-check with your exchange.
ORBS can be traded for another currency like Ethereum or a stablecoin like USDT; the trading pairs vary between exchanges, and you will need to search for ORBS on the spot market to select a pair from the list of available currencies.
Once you've completed your ORBS purchase, the next step is to select a crypto wallet to store your coins securely. We highly recommend creating a private wallet with your own set of keys. Depending on your investing preferences, you might choose between software and hardware wallets, the latter being a more secure choice.
Get started by checking the ORBS price today!
