Orbs (ORBS)
| Market Cap | $69,219,744 |
|---|---|
| Trading Volume | $1,255,415 |
| Volume / Market Cap | 0.0181 |
| Total Supply | 10,000,000,000 ORBS |
| Max Supply | – |
Orbs is currently trading at $0.0241, after a price change of 0.84% in the last 24 hours.
Ranked as cryptocurrency #281 by capitalization today, ORBS market cap is valued at $69,219,744. ORBS trading volume reached $1,255,415 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ORBS coin price prediction page.
What is Orbs?
Orbs is an open-source, decentralized application that promotes the adoption of blockchain among enterprises. The platform is a public blockchain for smart contracts and complements the Ethereum standards. A network of validators implements the Orbs system through a proof-of-stake consensus algorithm. The PoS features validators, guardians, and delegators.
Orbs apply a randomized proof-of-stake consensus called Helix, where a group of 22 validators is randomly selected in every validation round, in the validator layer. The protocol is interoperable with the Ethereum blockchain and thus serves as a scalability solution.
ORBS is an ERC20 standardized token powering the Orbs protocol. The token is used in proof-of-work governance, where Ethereum is used as an external decentralized aspect of trust. There are currently 2.88 billion circulating ORBS tokens from an uncapped cumulative supply of 10 billion.
55% of ORBS token supply is set for long-term reserves, 20% is allocated to private sales, 20% to the team, and 5% to the advisors. The platform had an initial token supply of 10 billion, where 80% of the supply is allocated to founders, and 20% to investors. Orbs were launched in 2017 by founders Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled.