Orbs (ORBS)

$0.006384 (6.85%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
191 $12,879,100.00 $107,087.00 2,017,250,000 ORBS 40 6.85% 2.36% -$0.44

Exchange Pair Volume (24h) Price
Bithumb ORBS/KRW 23,805.00 7.1700000000
Upbit ORBS/BTC 6,760.41 0.0000007200
Probit ORBS/ETH 922.43 0.0000372600
Probit ORBS/BTC 218.82 0.0000007200
Bilaxy ORBS/BTC 61,950.00 0.0000007300
Hotbit ORBS/ETH 14,805.44 0.0000343216
Probit ORBS/USDT 287.46 0.0063000000
VCC Exchange ORBS/BTC 779.25 0.0000007600
Upbit Indonesia ORBS/BTC 6,759.84 0.0000007200
Coinone ORBS/KRW 415.12 7.2000000000
Probit ORBS/KRW 171.37 7.1000000000
Bittrex ORBS/BTC 574.62 0.0000007600
Bitsonic ORBS/BSC 0.43 0.1084001500
OKEx ORBS/USDT 2,538.28 0.0061330000
OKEx ORBS/USDK 86.45 0.0060040000
Liquid ORBS/ETH 65.93 0.0001799000

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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