Orbs functions as a public blockchain infrastructure that merges scalability, low fees, performance, security, and ease of use. Designed for mass-use applications, the platform supports a complete blockchain stack. It operates as a decentralized, open, and transparent network, providing practical blockchain solutions for enterprises and other large-scale consumer applications.

The Orbs protocol utilizes the ORBS token to calculate commissions for executed applications and to provide an incentive system for selecting validators, which ensures network integrity. The ORBS token acts as the sole means of payment on the Orbs platform.

Established in 2017, Orbs was developed by experienced engineers, businessmen, and scientists. They created an infrastructure that employs blockchain virtualization and randomized proof-of-stake (RPoS) to ensure blockchain scalability.

Orbs was established by four individuals: Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled.

Daniel Peled serves as the president of Orbs. He also co-founded and leads PayKey, an Israeli fintech startup, as its CEO. A long-time participant in the Israeli Bitcoin community, Peled possesses a Bachelor’s of Science in Economics and an LLM.

Tal Kol earned a Bachelor’s of Science in Computer Engineering from the Technion in Haifa, Israel. Specializing in blockchain applications, he previously led engineering at Kin by Kik Interactive. Before Orbs, he co-founded Appixia, a mobile app startup that Wix.com acquired.

Netta Korin started her professional life as an investment banker on Wall Street before becoming a hedge fund manager. She has a strong history in philanthropy. Additionally, before her role at Orbs, she worked as a senior advisor to Dr. Michael Oren, the Deputy Minister for Diplomacy, within the Israeli Prime Minister’s Office.

Uriel Peled advises several blockchain initiatives, gaining recognition as one of Israel’s most respected and influential tech figures. He holds an electrical engineering degree from the Technion. Prior to joining Orbs, he co-founded Visualead, an AR/VR company that Alibaba later acquired.

Orbs functions as a public blockchain infrastructure for smart contracts that is designed to augment existing Ethereum standards. By integrating Orbs with Ethereum, DApps on the network can leverage the strengths of both chains simultaneously. This setup provides benefits such as security, liquidity, low tariffs, scalability, and access to payment infrastructure.

Orbs functions as an ERC-20 token on the Ethereum blockchain, serving as the primary payment method for all platform services. Users utilize ORBS to compensate infrastructure operators, choose validators, and oversee protocol management. The network has a fixed total supply of 10 billion ORBS tokens, created through a mechanism known as priming. The allocation of these tokens is broken down as follows: 55% held in long-term reserves, 20% allocated to private sales, 20% designated for the team and founding partners, and 5% reserved for advisors.

The Orbs network relies on a proof-of-stake (PoS) ecosystem to guarantee security and efficient performance, which optimizes the platform for DApps. Specifically, it employs randomized proof-of-stake (RPoS), a method that is both secure and fast. During every consensus round, small, random committees choose validators from a larger pool. This randomization and validator selection process promotes decentralization and security, allowing the committees to reach consensus. Known as Helix, this Orbs model is a scalable, Byzantine fault-tolerant algorithm where guardians and delegators utilize their stake to pick validators.

Within the fast-changing DeFi landscape, the Orbs blockchain has secured integrations with various decentralized exchanges (DEXs). As of July 2021, ORBS holds a 0.01% share of the total crypto market. Platforms where ORBS is available for trading include 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.

• Smooth token transfers across different blockchains. *
• Developers can access the ecosystem’s wallets, tokens, and exchanges. *
• Users gain access to basic liquidity benefits through Orbs' scalable production environment.

The Orbs platform ecosystem features two primary roles: delegators and guardians.

Delegators are holders of ORBS tokens who allocate their voting weight (their share) to guardians, who are responsible for maintaining network security. Consequently, guardians are broadly represented in the ecosystem through delegated stake and can vote for validators without adhering to the protocol.

Additionally, Orbs has created two technologies: virtual chains and randomized proof-of-stake (RPoS). DApps utilizing Orbs launch their own distinct virtual chain to optimize performance, while the RPoS consensus mechanism provides security and decentralization.