Orbs

Orbs ORBS

$0.0157
Market Cap $ 34.383 MM (#251)
24h Volume $ 163.438 K
Chg. 24h: 1.16%
Show Quick Stats

Orbs project purpose and description

Orbs clarity of purpose

Orbs purpose and aspects

Orbs is a public blockchain built for the needs of apps with millions of users, from SLAs to adjustable fee models to on-demand capacity. Orbs is building a new infrastructure using blockchain virtualization & randomized Proof-of-Stake (RPoS) to make blockchain scalability possible

Short description

Orbs is building a new infrastructure using blockchain virtualization & Randomized Proof-of-Stake (RPoS) to make blockchain scalability possible, now.

Abstract

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.

Link to Roadmap: n/a
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme