The Orbs project is led by four individuals: Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled. Daniel Peled serves as the President of Orbs and is also the co-founder and CEO of the Israeli fintech startup PayKey. With deep roots in the Israeli Bitcoin community, Peled holds an LLM and a Bachelor’s degree in Science in Economics. Tal Kol possesses a Bachelor’s degree in Science in Computer Engineering from the Technion, a prestigious university located in Haifa, Israel. An expert in blockchain applications, he previously led the engineering team at Kin by Kik Interactive. Before his involvement with Orbs, he co-founded Appixia, a mobile app startup that was acquired by Wix.com. Netta Korin started her professional journey on Wall Street as an investment banker and later transitioned into a hedge fund manager role. Korin has a distinguished record in philanthropy. Prior to her achievements at Orbs, she served as a senior advisor to Deputy Minister for Diplomacy Dr. Michael Oren in the Israeli Prime Minister’s Office. Uriel Peled is known as a consultant on various blockchain projects, which has established him as one of the most influential and esteemed tech figures in Israel. He holds a degree in Electrical Engineering from the Technion. Before joining Orbs, Peled co-founded Visualead, an AR/VR startup later acquired by Alibaba.

Orbs is a public blockchain platform that supports smart contracts, enhancing existing Ethereum standards. This integration of Orbs with Ethereum enables DApps on the platform to leverage the strengths of both chains simultaneously, benefiting from security, liquidity, low fees, scalability, and access to payment infrastructure.

Orbs is an ERC-20 token that functions on the Ethereum platform. It serves as the primary payment method for all services within the Orbs ecosystem. Users utilize the token to pay for services from infrastructure operators, with the token also playing a role in validator selection and overall protocol management. The network has a total supply of 10 billion ORBS tokens. This supply is fixed and created through a process known as priming. The distribution of tokens is allocated as follows: 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, and 5% for advisors.

The Orbs network is underpinned by a proof-of-stake (PoS) ecosystem, ensuring security and seamless operation while optimizing the platform for decentralized applications (DApps). Randomized proof-of-stake (RPoS) contributes to both speed and security. In each consensus round, validators are selected from a defined set, facilitated by small, random committees. This randomization and validator selection process enhances security and decentralization, leading to consensus with the assistance of the committees. This approach, known as Helix, employs a Byzantine fault-tolerant and scalable algorithm where guardians and delegators use stakes to choose validators. For more detailed information about Orbs, metrics, and performance, please refer to Eulerpool.

In the rapidly evolving DeFi ecosystem, the Orbs blockchain platform has successfully implemented a range of integrations with decentralized exchanges (DEXs). As of July 2021, ORBS holds a 0.01% share of the total cryptocurrency market. The exchanges where ORBS is available for trading include Bithumb, KuCoin, Bittrex, OKEx, Indodax, ProBit Global, Upbit, Hotbit, Bilaxy, Coinone, Huobi Korea, LiteBit.eu, Bitsonic, KyberDMM (Kyber Dynamic Market Make Protocol), BHEX (BlueHelix Exchange), and Bitbns. New to cryptocurrency? Learn how to buy Bitcoin and other tokens with our guide.

* Facilitates seamless token transfers across blockchains. * * Developers gain access to the ecosystem, including wallets, tokens, and exchanges. * * Through Orbs' scalable production environment, users experience the advantages of essential liquidity. The Orbs platform ecosystem comprises two primary roles: delegators and guardians. Delegators are holders of ORBS tokens who delegate their voting power to guardians, who are responsible for maintaining network security. Consequently, guardians are well-represented within the ecosystem through delegated stakes and possess the ability to vote for validators independently of protocol constraints. Furthermore, Orbs has introduced two key technologies: virtual chains and randomized proof-of-stake (RPoS). DApps utilizing Orbs deploy their own distinct virtual chains to optimize performance, while the RPoS consensus mechanism guarantees security and decentralization.