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Orbs

Orbs

Orbs is a public blockchain infrastructure that combines scalability, low fees, performance, security, and ease of use.

OverviewStructured DataIssuesContributors

Contents

orbs.com
Is a
Organization
Organization
Company
Company
Cryptocurrency
Cryptocurrency

Company attributes

Industry
Blockchain
Blockchain
Currency exchange
Currency exchange
Cryptocurrency exchange
Cryptocurrency exchange
Cryptocurrency wallet
Cryptocurrency wallet
Decentralized cryptocurrency exchange
Decentralized cryptocurrency exchange
Smart contract
Smart contract
Virtual currency
Virtual currency
Decentralized autonomous organization (DAO)
Decentralized autonomous organization (DAO)
...
Location
Tel Aviv
Tel Aviv
United States
United States
B2X
B2C
B2C
Founder
Uriel Peled
Uriel Peled
Netta Korin
Netta Korin
Tal Kol
Tal Kol
Daniel Peled
Daniel Peled
Pitchbook URL
pitchbook.com/profiles...228791-71
Number of Employees (Ranges)
1 – 10
Email Address
community@orbs.com
press@orbs.com
hello@orbs.com
Number of Employees
8
Investors
Aves Lair
Aves Lair
DWF labs
DWF labs
Newman Capital
Newman Capital
6th Man Ventures
6th Man Ventures
Shima Capital
Shima Capital
SevenX Ventures
SevenX Ventures
Bain Capital Ventures
Bain Capital Ventures
Founded Date
2017
Total Funding Amount (USD)
250,500,000
Latest Funding Round Date
February 14, 2023
Competitors
Justt
Justt
StarkWare
StarkWare
Bison Trails Co.
Bison Trails Co.
Business Model
Transaction processing / marketplace
Commerce
Stock Symbol
ORBS0
Exchange
Pionex
Pionex
SushiSwap
SushiSwap
Bithumb
Bithumb
0
Gate.io
Gate.io
0
FTX Trading Ltd.
FTX Trading Ltd.
0
Uniswap
Uniswap
0
KuCoin Exchange
KuCoin Exchange
0
Coinone
Coinone
...
CTO
Tal Kol
Tal Kol
Latest Funding Type
‌
Venture round
Country
Israel
Israel
Headquarters
Tel Aviv
Tel Aviv

Cryptocurrency attributes

Consensus Mechanism
Proof-of-stake
Proof-of-stake
Ticker Symbol
ORBS0
Maximum Supply
10,000,000,0000
Block Explorer URL
solana.fm/address/7J...CRXtQgimncp
etherscan.io/token/0x...b3d08b0fa
snowtrace.io/token/0x...27c7b717A
etherscan.io/address/...b3d08b0fa
bscscan.com/token/0xe...405df55f80
polygonscan.com/token/0...d45fa2ff
explorer.harmony.one/addr...Ef8b7
Announcement URL
t.me/OrbsAnnouncements

Other attributes

Blog
orbs.com/blog
Circulating Supply
2,880,000,0000
CoinGecko ID
orbs0
Community Forum
orbs.com/blog/
Company Operating Status
Active
Strategic Partnerships
Megaton Finance
Megaton Finance
Cryptocurrency Symbol
ORBS0
Latest Funding Round Amount (USD)
4,500,000
Market Capitalization
122,882,2950
Source Code
etherscan.io/address/...b3d08b0fa
github.com/orbs-network/
Token Standard
ERC-200
Polygon
BEP-200
SPL0
HRC200
Avalanche
Total Supply
10,000,000,0000
Wallet
metamask.io
metamask.io
ledger.com
trezor.io
trustwallet.com
binance.org/en/blog/b...on-wallet/
trezor.io

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.

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 Is 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.

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?

There 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?

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:

The seamless transfer tokens between blockchains. *

Developers have access to the ecosystem, its wallets, tokens and exchanges. *

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.

How Many Orbs (ORBS) Coins Are There in Circulation?

Orbs 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?

The 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)?

In 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.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Meet Orbs, The Blockchain For Large Scale Consumer Apps

https://youtu.be/KUUXwphokB0

Web

May 17, 2018

Meet Orbs, The Blockchain For Large Scale Consumer Apps

https://www.youtube.com/watch?v=KUUXwphokB0

Web

May 17, 2018

Orbs: World Economic Forum, letter from the president Daniel Peled, progressing towards Mainnet

Paradigm

https://medium.com/paradigm-fund/orbs-world-economic-forum-letter-from-the-president-daniel-peled-progressing-towards-mainnet-cd008b63933e?source=search_post---------3-------------------------------

Web

January 31, 2019

Revault Networks Integrates With Orbs Layer-3 technology to Become "Google" for Blockchain Vaults

IshanOnTech

https://hackernoon.com/revault-networks-integrates-with-orbs-layer-3-technology-to-become-google-for-blockchain-vaults

Web

March 1, 2022

What is Orbs Crypto? Orbs Crypto for Absolute Beginners

https://www.youtube.com/watch?v=SJeSQYr_yoM

Web

January 26, 2022

References

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