Why the Largest Blockchain Network in Israel Is so Big in South Korea: Flipside Crypto

Why the Largest Blockchain Network in Israel Is so Big in South Korea: Flipside Crypto

Flipside Crypto takes a look at Orbs, the largest blockchain company in Israel.

Why the Largest Blockchain Network in Israel Is so Big in South Korea: Flipside Crypto
Meet Orbs — the largest blockchain company in Israel. The public blockchain presents a hybrid model that combines the scalability of a second layer for decentralized applications, with the security and stability of a base layer. This enables the design of mass usage applications — which makes the blockchain particularly well suited for enterprise and high volume use-cases.
Orbs was recently in the news for partnering with Binance to fund an accelerator for DeFi innovation, and before that for their open letter to French President Macron arguing for the use of blockchain technology to transform the deployment of financial aid to Lebanon.

What’s perhaps been less in the news, however, is the fact that Orbs is most popular in South Korea.

On-chain data shows most activity is happening on the South Korea-based exchange, Upbit.

Source: orbs.flipsidecrypto.com

And Orbs’ largest validators, or “guardians” are located in Korea and Japan.

Guardians operate the Orbs network nodes and run the virtual chains for the subscribed applications. The top two in terms of total staked are in South Korea, and 12 out of the top 20 are from South Korea and Japan, which suggests that Orbs’ strongest communities are in these two countries.

  1. NEOPLY - in South Korea
  2. WhaleCoreStake - in South Korea
  3. Japan-guardian-altive-orbs-v2 - in Japan
South Korea has always been a major force in technology, and their adoption of blockchain has been no exception. South Korea is now a major cryptocurrency market. Its top two crypto exchanges — Upbit and Bithumb — are among the top 10 exchanges in the world in terms of visits, and combine for a daily trading volume of over $9 billion.
View more of Orbs’ on-chain data: orbs.flipsidecrypto.com
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