Orbs is building a new infrastructure using blockchain virtualization & Randomized Proof-of-Stake (RPoS) to make blockchain scalability possible, now.
The ORBS token is the exclusive means of payment for the services of the Orbs platform. The token enables users to pay infrastructure operators (Validators) for running the consensus layer, for execution of smart contracts and for consensus-based storage. The token is also the asset that defines suffrage in Orbs’ proof-of-stake ecosystem, used for electing Validators that secure the integrity of the network and for participating in the protocol’s governance. The ORBS token is an ERC20 token on the Ethereum network. Through separating the voting systems from the operating network itself, Orbs can provide its users with better assurance of its governance operation. This can easily be verified and monitored on an external decentralized network.