Orbs (ORBS)

$0.068212 (19.96%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
184 $152,109,000.00 $9,954,630.00 2,229,950,000 ORBS -- 19.96% -2.17% -$13.62

Exchange Pair Volume (24h) Price
Upbit ORBS/KRW 7,761,687.00 79.7000000000
Gate.io ORBS/USDT 11,540.84 0.0685000000
Bithumb ORBS/KRW 573,696.00 79.5900000000
FTX ORBS/USD 4,059.26 0.0682750000
Uniswap (v2) 0XFF56CC6B1E6DED347AA0B7676C85AB0B3D08B0FA/ETH 5,954.90 0.0000299901
ProBit ORBS/ETH 23,092.00 0.0000299200
OKEx ORBS/USDT 42,235.00 0.0687000000
Coinone ORBS/KRW 5,303.56 79.0600000000
KuCoin ORBS/USDT 7,252.37 0.0681000000
Bittrex ORBS/BTC 446.54 0.0000017600
Indodax ORBS/IDR 5,563.12 985.0000000000
Gate.io ORBS/ETH 17,991.60 0.0000299600
ProBit ORBS/USDT 17,461.68 0.0690000000
Upbit ORBS/BTC 1,279.33 0.0000017800
KuCoin ORBS/BTC 225.87 0.0000017300
Bibox ORBS/USDT 27,270.00 0.0588200000
ProBit ORBS/BTC 12,885.42 0.0000017400
Hotbit ORBS/ETH 3,131.02 0.0000271432
BHEX ORBS/USDT 88,277.00 0.0802000000
Upbit Indonesia ORBS/BTC 1,854.03 0.0000017800
DMM 0XFF56CC6B1E6DED347AA0B7676C85AB0B3D08B0FA/ETH 182.51 0.0000295876
Bilaxy ORBS/USDT 30.15 0.0615000000
0x Protocol ORBS/USD 687.93 0.0666196208

Background

Orbs is a public blockchain that allows enterprises to offer decentralized tools and services to give blockchain backed guarantees to their users and partners. Instead of building another smart-contract scalable blockchain for web3 dapps, Orbs was designed to accommodate the needs and developer experience of existing businesses. Unlike private and permissioned blockchain solutions typically used for enterprise, the Orbs infrastructure is open and decentralized, executed by a public network of permissionless validators using Proof-of-Stake consensus. Orbs has built-in interoperability with Ethereum and can be used as a scalability solution for dapps to provide the same decentralization and ecosystem benefits without the unpredictable gas fees and low throughput. Orbs architecture is pioneering blockchain virtualization, a form of inherent sharding where virtual chains allow customization, isolation and low and predictable fees. This accommodates changing business needs, where each chain can optimize parameters and maintain a separate governance structure. Businesses looking to utilize orbs pay a monthly subscription similar to existing cloud service providers. Unique to Orbs is the PoS governance over PoW, using Ethereum for separation of powers in elections. To avoid conflict of interest, where the ones protecting the elections are the ones being elected, Orbs relies on Ethereum mainnet as an external decentralized source of trust for executing the mechanics of the staking mechanism (placing the votes) and for fee settlements for virtual chain subscriptions. The ORBS token is thus implemented as an ERC20 token over Ethereum.

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