About ORBS
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Frequently Asked Questions
What Is Orbs (ORBS)?
Read MoreOrbs 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.
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.
Who Are the Founders of Orbs?
Read MoreThere are four people behind Orbs: Daniel Peled, Tal Kol, Netta Korin and Uriel Peled.
Daniel Peled is president of Orbs. He is also the co-founder and CEO of an Israeli fintech startup called PayKey. Peled is a veteran of the Israeli Bitcoin community and holds an LLM and Bachelor’s of Science in Economics.
Tal Kol holds a Bachelor’s of Science in Computer Engineering from the Technion, a university in Haifa, Israel. He’s an expert in blockchain applications and was formerly the head of engineering at Kin by Kik Interactive. Prior to Orbs, he co-founded Appixia, a mobile app startup that was acquired by Wix.com.
Netta Korin began her career on Wall Street as an investment banker and later retrained as a hedge fund manager. Korin has an impressive philanthropic background. Moreover, prior to her success at Orbs, she served as senior advisor to Deputy Minister for Diplomacy Dr. Michael Oren in the Israeli Prime Minister’s Office.
Uriel Peled is a consultant on a number of blockchain projects, which has earned him a reputation as one of the most influential and respected tech personalities in Israel. He has a degree in electrical engineering from the Technion. Before joining the Orbs team, Peled co-founded Visualead, an AR/VR startup that was later acquired by Alibaba.
What Makes Orbs (ORBS) Unique?
Read MoreOrbs 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.
How Many Orbs (ORBS) Coins Are There in Circulation?
Read MoreOrbs is an ERC-20 token that operates on the Ethereum platform. Tokens are the main means of payment for all services on the Orbs platform. Via the token, users can pay for services from infrastructure operators and the token is also used to select validators and to manage the protocol in general.
The network’s total supply is 10 billion ORBS tokens. This supply is fixed and is 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, 5% for advisors.
How Is the Orbs Network Secured?
Read MoreThe proof-of-stake (PoS) ecosystem is the basis for the Orbs network and ensures its security and smooth operations, thereby optimizing the platform for DApps.
For its part, randomized proof-of-stake (RPoS), is both fast 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 serve to establish security and decentralization and, with the committees’ help, consensus is achieved. This Orbs model is called Helix. It’s a Byzantine fault-tolerant and scalable algorithm, in which guardians and delegators use a stake to select validators.
Where Can You Buy Orbs (ORBS)?
Read MoreIn the rapidly evolving DeFi ecosystem, the Orbs blockchain platform has managed to implement a set of integrations with decentralized exchanges (DEXs). As of July 2021, ORBS' share of the total cryptocurrency market is 0.01%, and the list of exchanges where ORBS can be traded includes 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.
Cryptocurrency newbie? Learn how to buy Bitcoin and other tokens with our guide.
What is the all-time high price of Orbs (ORBS)?
Read MoreThe all-time high of ORBS was 0.36264858 USD on 2021-03-16, from which the coin is now down 90.83426627039321%. The all-time high price of Orbs (ORBS) is 0.36264858. The current price of ORBS is down 90.83426627039321% from its all-time high.
How much Orbs (ORBS) is there in circulation?
Read MoreAs of
, there is currently 3.17Bn ORBS in circulation. ORBS has a maximum supply of 0. What is the market cap of Orbs (ORBS)?
Read MoreThe current market cap of ORBS is 105.29M. It is calculated by multiplying the current supply of ORBS by its real-time market price of 0.033239403217.
What is the all-time low price of Orbs (ORBS)?
Read MoreThe all-time low of ORBS was 0.00462806
, from which the coin is now up 618.2146129695813%. The all-time low price of Orbs (ORBS) is 0.00462806. The current price of ORBS is up 618.2146129695813% from its all-time low. Is Orbs (ORBS) a good investment?
Read MoreOrbs (ORBS) has a market capitalization of $105.29M and is ranked #522 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Orbs (ORBS) price trends and patterns to find the best time to purchase ORBS.