Orbs update: ORBS Live price, price chart, news and markets

The ORBS price update as of now is $0.01091. In the previous 24 hours, its trading volume was $5,715,655, and its value has decreased by -1.06%. As of now, ORBS's live market cap is $52,709,918, and it is ranked as the #427 on the Coincu. ORBS has a circulating supply of 10,000,000,000 and a maximum supply of 10,000,000,000.

Overview of Orbs (ORBS)

Orbs (ORBS) is an Open Blockchain platform that was officially launched in March 2019. It operates as a complementary layer to Ethereum, providing benefits to application developers on both chains.

Orbs offers unique advantages such as unmatched liquidity and security, a diverse ecosystem, a versatile structure, and low fees. It has successfully overcome various limitations of the Ethereum network.

The headquarters of Orbs is located in Israel, and the company has expanded its presence by opening an office in Korea through a partnership with internet conglomerate Kakao. Orbs is currently developing Blockchain applications for Kakao Network, which has gained over 50 million downloads.

In addition, Orbs is working on a custom Blockchain solution for Kik, a Canadian chat and messaging app. The company has also introduced a token called KIN to incentivize Kik users.

Tackling Challenges with Orbs (ORBS)

Orbs aims to address challenges such as confidentiality, scalability, liquidity, and high gas fees:

• Confidentiality: Orbs implements a "hybrid" protocol to enhance the confidentiality of Blockchain platforms, particularly Ethereum.
• Scalability: Orbs has developed breakthrough technologies, including Randomized Proof of Stake (RPoS) for confirming transactions and ensuring network security, as well as Virtual Chains to divide traffic and prevent system congestion.
• Liquidity: Orbs offers a consistent fee structure and low fees to improve liquidity.
• High gas fees: Orbs' cross-chain interoperability allows applications running on its platform to access and interact with Ethereum, leveraging its features without leaving the Orbs ecosystem.

Utilizing Randomized Proof-of-Stake (RPoS)

Orbs utilizes Randomized Proof of Stake (RPoS) as its consensus mechanism, enabling quick confirmation of user transactions and high scalability.

Implementing Virtual Chains

Virtual Chains provide the infrastructure for developers to build Blockchain applications on top of Orbs. These applications run independently on different virtual chains, avoiding network congestion commonly observed in other Blockchain projects.

Enabling Cross-chain Interoperability

Orbs' smart contract allows applications on its platform to interact with and access Ethereum, harnessing Ethereum's features while remaining within the Orbs ecosystem.

Orbs (ORBS) Development Roadmap

Q2/2019 - Q2/2021:

• Release of Proof-of-Stake v2.
• Deployment of applications for PoS ecosystem participants.
• Introduction of the Orbs Audit Node feature.
• Enhancement of protocols.
• Launch of the online IDE feature for developers.

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