What is Orbs?

Orbs is a public blockchain infrastructure that aims to provide scalability, low fees, performance, security, and ease of use. It is designed to support mass-use applications and includes a blockchain stack. The Orbs platform is a decentralized, open, and transparent network that aims to provide practical blockchain solutions for enterprises and large-scale consumer applications. 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 aiming to ensure the integrity of the network. The ORBS token serves as the only means of payment on the Orbs platform.

How does Orbs work?

Orbs operates by complementing existing Ethereum standards, allowing decentralized applications (DApps) on the platform to benefit from both chains simultaneously. This combination aims to provide security, liquidity, low tariffs, scalability, and access to payment infrastructure. Orbs uses a unique consensus mechanism known as randomized proof-of-stake (RPoS), which aims to be efficient and secure. For each round of consensus, a selection is made from a set of validators, executed by small, random committees. This randomization and set of validators aim to establish security and decentralization, and with the committees’ help, consensus is achieved.

What are the potential use cases for Orbs?

Orbs aims to provide practical blockchain solutions for enterprises and large-scale consumer applications. It supports smart contracts and includes a scalable production environment, giving users access to the benefits of basic liquidity. Developers have access to the ecosystem, its wallets, tokens, and exchanges. The seamless transfer of tokens between blockchains is another key feature of Orbs. There are two types of roles in the Orbs platform ecosystem: delegators and guardians. Delegators are ORBS token holders who assign their voting weight to the guardians, who are tasked with keeping the network safe.

What is the history of Orbs?

Orbs was established in 2017 by a team of experienced engineers, businessmen, and scientists. The founders include Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled. They have developed an infrastructure that uses blockchain virtualization and randomized proof-of-stake (RPoS) to aim for blockchain scalability. The network’s total supply is 10 billion ORBS tokens, generated using a process called priming. The distribution of tokens is as follows: 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, and 5% for advisors. The proof-of-stake (PoS) ecosystem is the basis for the Orbs network and aims to maintain its security and smooth operations, thereby making the platform suitable for DApps.