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Orbit Chain Stock

Orbit Chain

ORC

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Orbit Chain Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateORC/USDT0435.6852,889.680cex76/30/2025, 8:59 AM
HTXORC/USDT0009,209.160cex13/20/2025, 6:26 AM
IndodaxORC/IDR0408.5114.351,105.910.01cex17/9/2025, 6:23 AM
LATOKENORC/USDT00035.110cex16/25/2025, 7:45 AM
CoinDCXORC/USDT00000cex13/20/2025, 6:27 AM
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Orbit Chain FAQ

What is the technology that underpins Orbit Chain?

Orbit Chain (ORC) distinguishes itself in the blockchain sphere through its innovative approach to interconnectivity and asset management. At its foundation, Orbit Chain utilizes Decentralized Inter-Blockchain Communication (IBC), a technology enabling seamless communication and interaction between different blockchains. This allows for the transfer of assets and information across various blockchain networks without intermediaries, thereby enhancing transaction fluidity and efficiency. A key feature of Orbit Chain is its multi-asset blockchain platform, designed to store, transfer, and verify information and assets from multiple public blockchains. Serving as a hub, Orbit Chain promotes the movement and interaction of assets within a single blockchain network, addressing liquidity issues that commonly affect traditional blockchain systems. This standardization lays a foundation for streamlined and efficient use of various assets, facilitating developers in building decentralized applications (dApps) that can uniformly leverage these assets. The security of Orbit Chain is fortified by its use of the Byzantine Fault Tolerance (BFT) consensus algorithm, a highly regarded method for ensuring consensus within a distributed network, even amidst malicious actors. BFT operates by requiring a majority of nodes (validators) to agree on transaction validity, thus preventing fraud and ensuring blockchain integrity. For instance, if a malicious entity attempts to modify transaction data, the BFT consensus mechanism detects the inconsistency, prompting the network to reject the fraudulent transaction. Another critical component of Orbit Chain's technology is the decentralized IBC protocol. This protocol facilitates interoperability between different blockchains while ensuring secure and efficient interactions. By decentralizing the communication process, Orbit Chain eliminates single points of failure and mitigates the risk of centralized control, which can be susceptible to attacks and manipulation. Beyond its robust security and interoperability features, Orbit Chain offers an optimized platform for dApp development. Developers can create applications that utilize multiple assets from different blockchains in a standardized way. This is especially beneficial for developing complex financial applications, gaming platforms, and other services that necessitate the integration of diverse digital assets. Orbit Chain's architecture is crafted to enable seamless asset transfers and connect token economies across different chains. This interconnectedness is essential for the growth and scalability of blockchain technology, fostering a more inclusive and versatile ecosystem. For example, users can transfer tokens between blockchains without needing to convert them into a different format, simplifying processes and reducing transaction costs. By emphasizing interoperability, security, and developer-friendly features, Orbit Chain strives to create a more cohesive and efficient blockchain environment. The integration of Decentralized Inter-Blockchain Communication, BFT consensus, and a multi-asset platform positions Orbit Chain as a pivotal entity in the advancement of blockchain technology.

What significant events have occurred for Orbit Chain?

Orbit Chain (ORC) is a multi-asset blockchain designed to facilitate the storage, transfer, and verification of information and assets across various public blockchains through Decentralized Inter-Blockchain Communication (IBC). This innovative approach aims to create a seamless hub for public blockchains, enabling fluid asset movement and interaction within a single network. In June 2019, Orbit Chain was officially launched, marking its entry into the blockchain ecosystem. This launch set the stage for Orbit Chain's mission to address the liquidity issues inherent in traditional blockchain systems by standardizing multi-asset usage. May 2021 saw a significant development for Orbit Chain with the introduction of support for cross-chain bridging of Binance Smart Chain (BSC) assets. This enhancement allowed for greater interoperability and expanded the utility of Orbit Chain by enabling assets from BSC to be seamlessly transferred and utilized within the Orbit Chain network. In August 2022, Orbit Chain achieved another milestone with its listing on Huobi, one of the major cryptocurrency exchanges. This listing increased the accessibility and visibility of ORC, allowing a broader audience to engage with the cryptocurrency and its underlying technology. Orbit Chain has also cultivated a substantial following on social media platforms such as Twitter and Telegram. These platforms have been instrumental in fostering community engagement, disseminating updates, and providing support to users and developers involved with Orbit Chain. Orbit Chain's journey is characterized by its continuous efforts to enhance interoperability and liquidity within the blockchain space, leveraging its unique IBC technology to bridge assets across various blockchains.

Who founded Orbit Chain?

Orbit Chain (ORC) is a multi-asset blockchain specifically designed to enable the seamless transfer, storage, and verification of information and assets across various public blockchains through Decentralized Inter-Blockchain Communication (IBC). This innovative approach seeks to create a unified network for smooth asset movement and interaction, addressing the liquidity challenges inherent in traditional blockchain systems. Despite extensive research, the founders of Orbit Chain remain unidentified in the available sources. The names Patrick Woods, Tk Taekyu Park, Jake Lee, Roi Choi, Kisung Choi, Jongsic Choi, Jinhan Choi, Aizaz Nayyer, Debo Omololu, Simon Jones, and Hilman Orth have been associated with Orbit Chain; however, their specific roles and contributions to the project are not clearly documented.

Investors interested in Orbit Chain are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.