The Orbs Network is a public blockchain infrastructure designed for mass usage applications and close integration with Ethereum's EVM-based Layer 1 (L1). Orbs is a public blockchain that offers a decentralized and secure environment for various use cases, including decentralized applications (dApps) and services.
Orbs Network's main product is a decentralized serverless cloud, which is designed to provide an ideal experience for blockchain developers. It lets enterprises offer decentralized tools and services, giving blockchain-backed guarantees to their users and partners.
Orbs is closely integrated with Ethereum, allowing it to leverage Ethereum's security and ecosystem while providing scalability and flexibility for developers and users.
Orbs can be used for various applications, including self-sovereign identity verification, decentralized finance (DeFi), supply chain management, and more. It is particularly suitable for businesses that offer real-world products and services.
The Orbs blockchain is designed to work as a decentralized public infrastructure, aiming to support various use cases while maintaining close integration with Ethereum's EVM-based Layer 1 (L1). Here's an overview of how the Orbs blockchain works:
Orbs is a public blockchain infrastructure providing a secure and scalable environment for dApps and services.
Orbs is closely integrated with Ethereum, utilizing Ethereum's security and compatibility with the Ethereum Virtual Machine (EVM). This integration allows Orbs to benefit from Ethereum's ecosystem while offering its own advantages.
Orbs introduces the concept of "virtual chains," which are customizable and flexible blockchain instances within the Orbs network. Each virtual chain can serve a specific purpose or use case, allowing for efficient resource allocation and isolation of applications.
Orbs supports smart contracts, enabling developers to create decentralized apps with programmable logic. These smart contracts run on virtual chains and interact with the Orbs blockchain.
Orbs provides an online IDE for developers to build, test, and deploy smart contracts and applications efficiently. This simplifies the development process and encourages adoption.
Orbs was founded in 2017 by a dedicated team of more than 60 people. The project has offices in Tel Aviv, Israel; San Francisco, California, and Singapore.
The founder of Orbs is mentioned as Daniel Peled. In one funding round, the Orbs project has raised over $15 million from five investors.
Period | Change | Change (%) |
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Today | $-0.00014 | -0.61% |
7 Days | $-0.00236 | -9.38% |
30 Days | $-0.00619 | -21.34% |
3 Months | $-0.0007 | -2.98% |
Here are some reasons why you could consider investing in $ORBS crypto:
Orbs is known for its scalability-focused approach. Its ability to handle a high volume of transactions efficiently can make it appealing for applications and projects that require scalability.
Orbs is closely integrated with Ethereum, benefiting from Ethereum's security and interoperability. This integration can enhance ORBS' utility within the broader blockchain ecosystem.
The Orbs network’s application in areas like DeFi, supply chain management, and self-sovereign identity verification can impact its long-term potential.
Although the highly volatile nature of the crypto market makes it challenging to offer a reliable ORBS crypto price prediction, you could follow these factors to understand the price trends in the ORBS coin:
The adoption of Orbs in real-world use cases, such as dApps, DeFi projects, and enterprise solutions, can drive demand for the token and positively impact the Orbs coin price.
Technological advancements and improvements in the Orbs blockchain can enhance its utility and attractiveness to users and investors. The progress of development milestones can influence ORBS to USD price movements.
Investor sentiment plays a significant role in the cryptocurrency market. Positive news, partnerships, and developments related to ORBS can boost confidence and drive up demand, pushing the price or ORBS token higher.
$ORBS is the native token of the Orbs blockchain and has the following use cases:
ORBS can be used to pay for transaction fees within the Orbs Network. This includes fees for executing smart contracts and transferring assets on the network.
ORBS holders have governance rights within the Orbs Network. They can vote on proposals and decisions related to the network's development, upgrades, and parameter changes, giving them a say in its future direction.
Token holders can stake ORBS to participate in the Orbs Network's Proof-of-Stake (PoS) consensus mechanism. Stakers help secure the network, validate transactions, and earn rewards through additional ORBS tokens.
ORBS holders can delegate their tokens to validators who participate in network consensus. Delegating tokens allows users to support validators of their choice and earn a share of the rewards generated by those validators.
Trade Orbs token against other crypto assets on the KuCoin Spot Market. Buy or sell ORBS or hold it long-term if you believe the Orbs value will appreciate in the future. Remember to make any investment decision in the crypto market only after you do your own research (DYOR).
Here’s how you can stake ORBS, participate in the consensus mechanism of the Orbs Network, and earn staking rewards:
1. Buy ORBS on KuCoin or other supported platforms and transfer your tokens to fund your wallet.
2. Visit the ORBS Staking Wallet interface, TETRA.
3. On the Balance section, enter the number of ORBS tokens you want to stake and Click the Stake Your Tokens button.
4. Confirm the staking transaction using your wallet.
5. Sit back, earn rewards, and grow your crypto holdings by staking $ORBS.
Orbs (ORBS) is related to Ethereum and Polygon through its unique blockchain architecture and collaborations. Here's how it is connected to these platforms:
Orbs started as an ERC-20 token on the Ethereum blockchain. This means that ORBS tokens initially followed Ethereum's standards for token creation and smart contracts. ORBS tokens were tradable on Ethereum-based decentralized exchanges, and users could interact with them using Ethereum wallets.
Orbs also has its own mainnet, which is a separate blockchain infrastructure designed for mass usage applications. While it originated as an ERC-20 token, Orbs migrated to its own blockchain to provide enhanced scalability, security, and functionality. This mainnet operates independently but has connections to both Ethereum and Polygon.
Orbs is known for being one of the first blockchain projects to support multi-chain operations. The Orbs network can simultaneously support both Ethereum and Polygon. This unique feature allows Orbs to harness the benefits of Ethereum's established ecosystem and Polygon's scalability solutions.
Orbs has integrated with the Polygon network, a Layer 2 scaling solution for Ethereum. This integration enables Orbs to take advantage of Polygon's low transaction fees and fast confirmation times while maintaining its connection to Ethereum. It enhances the Orbs ecosystem's efficiency and cost-effectiveness.
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