Orbs (ORBS)

$0.110378 (-19.25%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
175 $246,138,000.00 $2,363,620.00 2,229,950,000 ORBS -- -19.25% -10.73% $21.25

Exchange Pair Volume (24h) Price
Bithumb ORBS/KRW 1,607,239.00 130.2000000000
Uniswap (v2) 0XFF56CC6B1E6DED347AA0B7676C85AB0B3D08B0FA/ETH 51,013.00 0.0000302322
ProBit ORBS/ETH 39,392.00 0.0000305700
Gate.io ORBS/USDT 110,006.00 0.1054000000
KuCoin ORBS/USDT 39,178.00 0.1048000000
Upbit ORBS/BTC 12,621.44 0.0000023800
Coinone ORBS/KRW 78,282.00 128.4000000000
Indodax ORBS/IDR 116,915.00 1,542.0000000000
ProBit ORBS/KRW 311,497.00 130.0000000000
FTX ORBS/USD 18,151.43 0.1054500000
Bittrex ORBS/BTC 47,207.00 0.0000023300
KuCoin ORBS/BTC 11,016.28 0.0000022920
Gate.io ORBS/ETH 31,185.00 0.0000302600
ProBit ORBS/USDT 37,399.00 0.1070000000
ProBit ORBS/BTC 33,794.00 0.0000023600
LATOKEN ORBS/USDT 838.43 0.1024186400
OKEx ORBS/USDT 151,290.00 0.1044000000
LATOKEN ORBS/BTC 992.35 0.0000022700
LATOKEN ORBS/ETH 1,004.78 0.0000293300
Hotbit ORBS/ETH 7,647.51 0.0000299666
OKEx ORBS/USDK 3,344.20 0.1017000000
Upbit Indonesia ORBS/BTC 13,149.80 0.0000023800
Upbit ORBS/KRW 15,864,143.00 131.0000000000
Bilaxy ORBS/USDT 1,759.93 0.0979000000

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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