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Orbs Price(ORBS)USD
$0.02515162-5.93 %(24h)
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About Orbs (ORBS)
Orbs is a public blockchain infrastructure that combines scalability, low fees, performance, security, and ease of use.
The platform is 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. It features an infrastructure that uses blockchain virtualization and randomized proof-of-stake (RPoS) to ensure blockchain scalability.
The Orbs protocol uses the ORBS token, which calculates commissions for executed applications and provides an incentive system that is 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.
Orbs was established in 2017 and was developed by 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.
What Makes Orbs (ORBS) Different?
Orbs is a public blockchain platform that supports smart contracts and works by complementing the already existing Ethereum standards. This combination of Orbs and Ethereum allows DApps on the platform to take advantage of both chains at once, enjoying security, liquidity, low tariffs, scalability and access to payment infrastructure.
Key benefits include:
1.The seamless transfer tokens between blockchains.
2.Developers have access to the ecosystem, its wallets, tokens and exchanges.
3.With Orbs’ scalable production environment, users have access to the benefits of basic liquidity.
There are two types of roles in the Orbs platform ecosystem: delegators and guardians.
Delegators are ORBS token holders who assign their voting weight (their share) to the guardians, who are tasked with keeping the network safe. The guardians are thus widely represented in the ecosystem via a delegated stake and can vote for validators without following protocol.
On top of this, Orbs has developed two technologies: virtual chains and randomized proof-of-stake (RPoS). DApps that use Orbs deploy their own separate virtual chain to maximize performance, while the RPoS consensus mechanism ensures security and decentralization.
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