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Orbs

Orbs (ORBS)

$ 0.01
1.46 %
Main info
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Markets
Analytics
Market cap
$36.59M
1.46 %
Volume (24h)
$447.62K
1.46 %
Circulating supply
4,999,999,023 ORBS
Total supply
10,000,000,000 ORBS
Max. supply
10,000,000,000 ORBS

About Orbs

Overview

Orbs is a public blockchain acting as the production layer to complement Ethereum. Adopting Orbs alongside Ethereum allows DApps to enjoy the best of both chains: unmatched security, liquidity and ecosystem integration, together with low-fees, production-ready scalability and a suitable fee structure. This combination of Ethereum + Orbs is the optimal solution for applications with millions of users looking to adopt blockchain, today.

Technologies

Orbs developed two groundbreaking technologies to make this possible: Virtual Chains and Randomised Proof of Stake. Virtual Chains are intelligent sharding and unlike current sharding solutions that randomly split traffic, virtual chains optimize (lane) usage by allocating one per app, while the Orbs rPOS consensus allows for the security and decentralization benefits of 1,000 nodes while enjoying the speed of 21 nodes.

Team and Partnerships

Orbs is a 60 person company working with projects like Kin by Kik, Zinc by ironSource.

Key data

updated $0
Market cap$36.59M
Volume 24h$447.62K
Circulating supply5B50% of max 10B
All-time high$0.36-98% from peak · 2021-03-16

Orbs (ticker ORBS) is a blockchain infrastructure project designed to complement existing smart contract platforms rather than replace them. In simple terms, it acts as a decentralized "execution layer" that sits on top of other chains, letting apps run more complex logic without clogging the base network. Think of it as an add-on engine that developers can bolt onto their favorite blockchain.

Frequently asked questions

What is Orbs and how is it different from other blockchains?

Orbs is a public blockchain infrastructure project focused on enhancing existing smart contract platforms instead of competing with them. Its token ORBS is used to power the network's services and secure its operations. The key difference is its "layer-3" approach, which adds specialized execution capabilities on top of major blockchains.

How does Orbs' consensus mechanism work?

Orbs uses a hybrid consensus model combining Proof of Consensus (PoC) with Randomized Proof of Stake (RPoS). Validators are selected in a randomized way, and ORBS holders can delegate their tokens to validators to help secure the network. This design aims to keep the network both secure and efficient without massive energy consumption.

How is the ORBS token supply structured?

ORBS has a hard cap of 10,000,000,000 coins, meaning no more tokens will ever be created beyond that limit. The token follows the project's Token Standard 3 specification. A fixed maximum supply gives the token predictable scarcity over the long term.

How can you store and use ORBS tokens?

ORBS can be stored in wallets that support the networks where the token circulates, including popular multi-chain wallets. Beyond holding, tokens can be delegated to validators to participate in network security and earn rewards. Always check the official site at orbs.com for the current list of supported networks and wallets.