Orbs (ORBS)

What is ORBS?

Overview and Purpose

Launched in 2017 ORBS is public blockchain open source infrastructure designed to act as decentralized serverless cloud for dApps developers with focus on providing enterprise grade blockchain solutions while maintaining an open and permissionless network.

ORBS bridges the gap between public and private blockchains by offering hybrid model that supports permissioned applications on permissionless infrastructure.

This unique approach enable businesses to leverage security and transparency of public blockchain while maintaining control and privacy often required by enterprise applications to ensure compliance with regulatory requirements and internal governance policies.

This balance between decentralization and control makes ORBS an ideal solution for enterprises seeking to innovate using blockchain technology without compromising on key business requirement.

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Key Features

Platform boasts several key features that make it stand out in crowded blockchain space.

One of primary feature is full stack blockchain that includes microservice-based node architecture.

This design allow for modular and scalable applications providing flexibility needed to handle wide range of use cases.

The Helix consensus algorithm is another worth noting solution of ORBS infrastructure.

This Byzantine Fault-Tolerant(BFT) algorithm is designed for high performance and security ensuring that network remains resilient against attacks and capable of processing transactions efficiently.

The platform is designed to handle large number of transactions per second making it suitable for high-throughput applications such as financial services, supply chain management and other enterprise level solutions.

This scalability is achieved without sacrificing security thanks to robust design of Helix consensus algorithm and overall architecture of ORBS network.

Security is another critical feature of ORBS.

Project uses Proof-of-Stake(PoS) consensus which is both energy efficient and secure.

Validators known as Guardians are chosen to validate transactions and maintain integrity of network.

This system not only ensures security but also decentralization as it prevents any single entity from gaining too much control over network.

Ease of use is also major focus for ORBS.

It provides various tools for smart contract development making it accessible for developers of all skill levels.

Whether you are building simple dApp or complex enterprise application ORBS offers resources and support needed to bring vision to life.

The microservice-based architecture also means that developers can build and deploy services quickly and efficiently reducing time-to-market for new applications.

In addition to these technical features platform is designed to integrate seamlessly with existing Ethereum standards allowing developers to take advantage of both chains.

This interoperability ensures that applications built on ORBS can easily access liquidity and user base of broader Ethereum ecosystem further enhancing their potential for success.

How Does ORBS Work?

Blockchain Architecture

ORBS employ hybrid architecture that separates block producers from validators enhancing security and ensuring that block creation and validation are handled independently.

In this setup block producers are responsible for generating new blocks while validators ensure integrity and correctness of these blocks before they are added to blockchain.

Each application on ORBS operates on its own virtual chain which provides an isolated environment for its specific needs.

This approach allow multiple applications to utilize same physical infrastructure without interfering with each other ensuring that each application can operate efficiently and securely.

Helix Consensus Algorithm

Designed to combine security of large validator set with speed of smaller committee Helix consensus algorithm is key component of ORBS.

This Byzantine fault tolerant protocol ensures that network can resist malicious attacks while maintaining high performance.

Helix uses a verifiable random function to select validators randomly and fairly for each consensus round.

This random selection process enhances both scalability and fairness as it prevents any single validator from becoming bottleneck or point of failure.

By balancing security and efficiency Helix algorithm ensures that ORBS network remains robust and capable of handling high volume of transactions.

Virtual Chains

ORBS supports use of virtual chains that are isolated blockchain environments within network.

Each virtual chain operates its own instance of consensus algorithm and maintains its own block history.

This isolation allow for high scalability as each virtual chain can process transactions independently of others.

This way Predictable performance is achieved because resources are allocated based on specific needs of each virtual chain preventing resource contention.

Additionally isolation of virtual chains enables independent governance for each application reducing conflicts and risks associated with shared infrastructure.

This modular approach enable developers to tailor blockchain environment to their application’s requirements providing flexibility and control over deployment and management of blockchain based solutions.

ORBS Tokenomics

Token Supply and Distribution

ORBS is an ERC-20 native token of platform and serve as utility and governance token to settle fees related to app execution and to provide incentives for validations.

The token supply is fixed at 10 Billion ORBS and is distributed through combination of initial sales, staking rewards and allocations for long term reserves.

Specifically 55% of the tokens are set aside for long term reserves to ensure network sustainability and development.

Private sales account for 20% of total supply providing early supporters and investors with access to tokens.

Another 20% is allocated to team and founding partners recognizing their contributions and incentivizing further development.

The remaining 5% is designated for advisors who bring strategic insights and expertise to project.

This structured distribution aims to balance immediate needs with long-term growth ensuring that token’s value and utility are maintained over time.

Utility and Incentives

Native Tokens are utilized for several critical functions within ORBS network.

As explained earlier they are required for transaction fees which are necessary to execute applications and smart contracts.

This utility ensures that network remains operational and that developers can deploy dApps efficiently.

Futhermore ORBS are central to staking mechanism where token holders can stake their tokens to become validators or delegate their stakes to Guardians.

Validators who maintain network and ensure its security are rewarded with ORBS tokens for their efforts creating financial incentive to uphold network standards.

Additionally governance aspect of ORBS allows token holders to participate in decision making processes influencing future direction of platform.

This governance model fosters decentralized community where stakeholders can contribute to evolution of ORBS ecosystem.

Inflation Model

Platform incorporates deflationary model to manage circulating supply of its native token effectively.

A portion of transaction fees collected is burned permanently removing these tokens from circulation.

This burning process helps counteract inflation and gradually reduces total supply of ORBS tokens over time.

As network usage increases and more transactions occur rate of token burning accelerates that positively impact value of remaining tokens.

This deflationary approach aligns interests of network participants with overall health and sustainability of ORBS ecosystem.

By ensuring that supply of ORBS tokens decreases as demand and usage grow ORBS creates an economic model that supports long-term value appreciation and incentivizes active participation in network.

How to Acquire and Store ORBS

Purchasing ORBS

Acquiring ORBS token is easy as it is listed on many top tier exchanges including but not limited to OKX, Gate.io, Bitget, KuCoin and many more.

These platforms allow users to trade and obtain ORBS tokens.

To begin users must create an account on any of these exchanges where it is listed.

This usually involves providing personal information and completing identity verification steps as required by platform’s regulations.

Once account is set up users need to deposit funds.

This can be done by transferring fiat currency from bank account or by depositing other cryptocurrencies if already held.

After funds are available in exchange account users can proceed to trading section and place buy order for ORBS.

You can execute order at current market price or can set specific price at which they wish to purchase tokens.

Once transaction is completed ORBS tokens will appear in exchange wallet from where they can be transferred to more secure storage option like self-custody wallets.

Storage Solutions

Storing ORBS tokens securely is critical to protect from theft and unauthorized access.

As ORBS tokens are ERC-20 tokens on Ethereum network they can be stored in any wallet that supports Ethereum-based tokens.

Several storage solutions are available each offering different levels of security and convenience.

Hardware wallets like Ledger Nano S and Trezor are among most secure options for storing ORBS tokens.

These USDB like devices store private keys offline reducing risk of hacking.

Another type of storing ERC-20 token is through software wallets such as MetaMask and Trust Wallet that offer balance between convenience and security.

These wallets are accessible via web browsers or mobile apps and allow users to store, send and receive ORBS tokens easily.

However since they are connected to internet it is important to follow best practices for securing private keys and managing wallet information to mitigate risks.

Conclusion

Future Prospects

Future outlook of ORBS in my opinion looks promising as platform continues to expand its ecosystem and enhance its capabilities.

Although they don’t have public roadmap but based on my research the primary focus remains on providing scalable and secure infrastructure for decentralized applications (dApps) and enterprise solutions.

Upcoming developments may include further improvements to Helix consensus algorithm which could enhance performance and security.

Additionally ORBS plans to develop more advanced tools for developers making it easier to create and deploy applications on the platform.

Challenges and Considerations

Regardless of its potential ORBS faces several challenges that must be addressed to achieve widespread adoption and success.

One of such challenges is maintaining compliance with regulatory across different jurisdictions.

Security is another critical area of concern.

The ORBS network must maintain and continuously enhance its security protocols to protect against evolving threat and attacks.

This involves regularly updating systems conducting security audits and staying ahead of potential vulnerabilities that could compromise network’s integrity.

We Coin-Labs.com provides only objective information about Orbs (ORBS).
Therefore, we are not responsible for the investment decision in Orbs (ORBS) and the resulting loss.

Orbs (ORBS) Basics

Here are some factors that investors should consider before investing in Orbs (ORBS).

Cryptocurrency Features	Orbs (ORBS) (ORBS)
Publisher or Developers	Orbs Ltd.
Headquarters (Registration Number)
Symbol	ORBS
Platform
Published Date (CMC Registration)	2024-11-01
Max Supply	No limit

Reliability Score of Orbs (ORBS) in 2024

These are indexes mesuring the investment reliability of Orbs (ORBS) conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 4 Exchanges
Number of Available Pairs Worldwide	157 Pairs
Market Cap of the Cryptocurrency	105,899,354 USD (Rank #331)

The table above shows the result of investment suitability evaluation for Orbs (ORBS).
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Orbs (ORBS) Price

Here are the price and recent trading volume of Orbs (ORBS). (Data of 2024-11-02 00:35:00)

Price Items	Price and Trading Volume of Orbs (ORBS)
Orbs (ORBS) Price	0.025 USD
Price Change 24h	-0.66%
Price Change 7d	-8.46%
Trading Volume 24h	25,415,995 USD
Trading Volume Change 24h	93.23%

Cryptocurrency Metadata

You can check the development status and social media information of Orbs (ORBS) through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy Orbs (ORBS)

Here are the top ten world crypto exchanges where traders can buy Orbs (ORBS) in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Not listed
Coinbase	Not listed
Kraken	Not listed
KuCoin	Listed	https://www.kucoin.com/trade/ORBS-USDT?rcode=rPH7VCS
Bitfinex	Not listed
OKX	Listed	https://www.okx.com/trade-spot/orbs-usdt?channelid=43776722
Huobi	Listed	https://www.htx.com/trade/orbs_usdt?inviter_id=11345710&invite_code=zh5i6223
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Listed	https://www.gate.io/trade/ORBS_USDT?ref=12312805

Frequently Asked Questions