Orbs (ORBS), established in 2017, is a notable cryptocurrency project founded by a team of experienced professionals, including Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled. It presents a public blockchain infrastructure designed to offer scalability and efficiency for decentralized applications (DApps) by utilizing a hybrid consensus model.
This approach combines aspects of the Ethereum network, such as support for smart contracts, with unique features like blockchain virtualization and randomized proof-of-stake (RPoS) consensus mechanism. The goal is to provide enhanced security, liquidity, low tariffs, scalability, and access to payment infrastructure, aiming to serve as a practical solution for enterprises and large-scale consumer applications.
Orbs operates as an ERC-20 token on the Ethereum platform, with a fixed total supply of 10 billion ORBS tokens. The distribution of these tokens is strategically planned, with 55% allocated for long-term reserves, 20% for private sales, 20% for the team and founding partners, and 5% for advisors. The project's security framework is underpinned by a proof-of-stake (PoS) ecosystem, leveraging a unique model called Helix for achieving consensus through randomized selection of validators, which ensures both speed and decentralization.
Since its inception, Orbs has been committed to providing a scalable and secure environment for DApps, promoting seamless interaction between blockchains. This ambition is reflected in the platform's architecture, which includes two main roles within its ecosystem: delegators and guardians, each playing a crucial role in maintaining network integrity and safety. Orbs’ vision extends to the broader decentralized finance (DeFi) landscape, where it has achieved a series of integrations with decentralized exchanges (DEXs) to enhance its utility and accessibility within the crypto ecosystem.
