What Is Orbs?

To find out even more about this project, check out our deep dive of [Orbs](https://coinmarketcap.com/alexandria/article/what-is-orbs).

## What Is Orbs (ORBS)?

[Orbs](https://coinmarketcap.com/currencies/orbs/) is a public[ blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) infrastructure that combines scalability, low fees, performance, security, and ease of use.

The platform is designed for mass-use applications and supports a complete blockchain stack. The Orbs platform is a decentralized, open and transparent network that offers practical blockchain solutions for enterprises and other large-scale consumer applications.

The Orbs protocol uses the ORBS token, which calculates commissions for executed applications and provides an incentive system that is used to select validators, thereby ensuring the integrity of the network. The ORBS token serves as the only means of payment on the Orbs platform.

Orbs was established in 2017 and was developed by experienced engineers, businessmen and scientists who have managed to create an infrastructure that uses blockchain virtualization and randomized proof-of-stake (RPoS) to ensure blockchain[ scalability](https://coinmarketcap.com/alexandria/glossary/blockchain-trilemma).


## Who Are the Founders of Orbs?

There are four people behind Orbs: Daniel Peled, Tal Kol, Netta Korin and Uriel Peled.

Daniel Peled is president of Orbs. He is also the co-founder and CEO of an Israeli fintech startup called PayKey. Peled is a veteran of the Israeli[ Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) community and holds an LLM and Bachelor’s of Science in Economics.

Tal Kol holds a Bachelor’s of Science in Computer Engineering from the Technion, a university in Haifa, Israel. He’s an expert in blockchain applications and was formerly the head of engineering at Kin by Kik Interactive. Prior to Orbs, he co-founded Appixia, a mobile app startup that was acquired by Wix.com.

Netta Korin began her career on Wall Street as an investment banker and later retrained as a hedge fund manager. Korin has an impressive philanthropic background. Moreover, prior to her success at Orbs, she served as senior advisor to Deputy Minister for Diplomacy Dr. Michael Oren in the Israeli Prime Minister’s Office.

Uriel Peled is a consultant on a number of blockchain projects, which has earned him a reputation as one of the most influential and respected tech personalities in Israel. He has a degree in electrical engineering from the Technion. Before joining the Orbs team, Peled co-founded Visualead, an AR/VR startup that was later acquired by Alibaba.


## What Makes Orbs (ORBS) Unique?

Orbs is a public blockchain platform that supports[ smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) and works by complementing the already existing[ Ethereum](https://coinmarketcap.com/currencies/ethereum/) standards. This combination of Orbs and Ethereum allows[ DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) on the platform to take advantage of both chains at once, enjoying security, liquidity, low tariffs, scalability and access to payment infrastructure.

**Key benefits include:**



* The seamless transfer tokens between blockchains.
    * 
* Developers have access to the ecosystem, its wallets, tokens and exchanges.
    * 
* With Orbs' scalable production environment, users have access to the benefits of basic liquidity.

There are two types of roles in the Orbs platform ecosystem: delegators and guardians.

Delegators are [ORBS](https://coinmarketcap.com/currencies/orbs/) token holders who assign their voting weight (their share) to the guardians, who are tasked with keeping the network safe. The guardians are thus widely represented in the ecosystem via a delegated stake and can vote for validators without following protocol.

On top of this, Orbs has developed two technologies: virtual chains and randomized proof-of-stake (RPoS). DApps that use Orbs deploy their own separate virtual chain to maximize performance, while the RPoS consensus mechanism ensures security and decentralization.


## Related Pages:

Read about[ Bancor](https://coinmarketcap.com/currencies/bancor/) (BNT) and[ 0x](https://coinmarketcap.com/currencies/0x/) (ZRX). 

What are DApps? Learn more with[ CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-are-dapps).

Read a comparison between[ proof-of-work vs. proof-of-stake](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake). 

What is a blockchain? Let's go back to basics via our[ educational portal](https://coinmarketcap.com/alexandria/article/what-is-a-blockchain).

Take a look at the CoinMarketCap[ blog](https://coinmarketcap.com/alexandria/categories/blog).


## How Many Orbs (ORBS) Coins Are There in Circulation?

Orbs is an[ ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token that operates on the Ethereum platform. Tokens are the main means of payment for all services on the Orbs platform. Via the token, users can pay for services from infrastructure operators  and the token is also used to select validators and to manage the protocol in general.

The network’s total supply is 10 billion[ ORBS](https://coinmarketcap.com/currencies/orbs/) tokens. This supply is fixed and is generated using a process called priming. The distribution of tokens is as follows: 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, 5% for advisors.


## How Is the Orbs Network Secured?

The proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake)) ecosystem is the basis for the Orbs network and ensures its security and smooth operations, thereby optimizing the platform for DApps.

For its part, randomized proof-of-stake (RPoS), is both fast and secure. For each round of consensus, a selection is made from a set of validators, executed by small, random committees. This randomization and set of validators serve to establish security and decentralization and, with the committees’ help, consensus is achieved. This Orbs model is called Helix. It’s a[ Byzantine fault-tolerant](https://coinmarketcap.com/alexandria/glossary/byzantine-fault-tolerance-bft) and scalable algorithm, in which guardians and delegators use a stake to select validators.


## Where Can You Buy Orbs (ORBS)?

In the rapidly evolving[ DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) ecosystem, the Orbs blockchain platform has managed to implement a set of integrations with decentralized exchanges (DEXs). As of July 2021,[ ORBS](https://coinmarketcap.com/currencies/orbs/)' share of the total cryptocurrency market is 0.01%, and the list of exchanges where ORBS can be traded includes[ Bithumb](https://coinmarketcap.com/exchanges/bithumb/),[ KuCoin](https://coinmarketcap.com/exchanges/kucoin/),[ Bittrex](https://coinmarketcap.com/exchanges/bittrex/),[ OKEx](https://coinmarketcap.com/exchanges/okex/),[ Indodax](https://coinmarketcap.com/exchanges/indodax/),[ ProBit Global](https://coinmarketcap.com/exchanges/probit-exchange/),[ Upbit](https://coinmarketcap.com/exchanges/upbit/),[ Hotbit](https://coinmarketcap.com/exchanges/hotbit/),[ Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/),[ Coinone](https://coinmarketcap.com/exchanges/coinone/),[ Huobi Korea](https://coinmarketcap.com/exchanges/huobi-korea/),[ LiteBit.eu](https://coinmarketcap.com/exchanges/litebit/),[ Bitsonic](https://coinmarketcap.com/exchanges/bitsonic/),[ KyberDMM (Kyber Dynamic Market Make Protocol)](https://coinmarketcap.com/exchanges/kyberdmm/),[ BHEX (BlueHelix Exchange)](https://coinmarketcap.com/exchanges/bhex-bluehelix/), and[ Bitbns](https://coinmarketcap.com/exchanges/bitbns/).

Cryptocurrency newbie? Learn how to buy[ Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) and other tokens with our[ guide](https://coinmarketcap.com/how-to-buy-bitcoin/).

Orbs

Trust Wallet

MetaMask

Binance Chain Wallet

SolFlare

Backpack

Phantom

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Dogelon Mars

Hashflow

Metal DAO

Loom Network

dKargo

Polygon Ecosystem Token

Milady Meme Coin

Covalent

Ankr Staked ETH

Wrapped Dogecoin

Medifakt

xx network

LuckysLeprecoin

I love puppies

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

Status is categorized as a mobile and desktop operating system and decentralized browser that incorporates a messaging system. As such, Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017.

It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.

Status

Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.

The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.

In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.

As such, they can easily integrate their applications with the outside world.

The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.

Ardor

Ontology Gas

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

JUST

MiL.k

Aragon

Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities. Its goal is to provide the platform for a fully modernised, market-driven grid that offers consumers a choice in their energy while driving the democratisation of power.
Headquartered in Zug, Switzerland, Powerledger operates in more than 10 countries. Powerledger operates on two blockchain layers; the POWR token is issued on Ethereum as an ERC-20 token, and the Powerledger blockchain - a native Solana based blockchain to process energy transactions on a more scalable network.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

Powerledger

dKargo uses blockchain technology to solve trust issues among participants scattered in the logistics industry and establishing an efficient logistics network based on cooperation that was previously unimaginable.

Providing credible information with blockchain

dKargo solves trust problem on splited logistics nodes by using blockchain

Enhancing connection between participants with blockchain and tokenomics

Create a collaboration-based logistics network that was impossible in the existing logistics industry

Provides Web3 logistics service

From first-mile to last-mile, dKargo enables new Web3 logistics services.

Providing an open logistics platform

dKargo provides optimized logistics information and routes that were not possible due to silo logistics structure

ARK is a cryptocurrency- and blockchain- based development platform allowing anyone to create their own fully customizable and interoperable blockchain. Reducing the industries need for Smart Contracts by using custom transactions, logic and multiple programming languages. ARK was founded in mid 2016, running a Toekn Exchange Campain(TEC) later that year which raised $800K in bitcoin and other exchanged cryptos. Sound financial planning has allowed the team to become a well-funded entity since its inception. On March 21, 2017, the ARK Public Network went live, hosting the native ARK crypto asset. The ARK business entity formed shortly after, called ARK ECOSYSTEM SCIC. The business entity is commonly referred to as 'ARK.io' which is part of the teams branding as well as the teams website.

The ARK Ecosystem consists of an open-source blockchain technology stack authored in TypeScript programming language. ARK’s public network acts as a live implementation of ARK technology, node operators acting as delegates on the network, standalone blockchains running on ARK technology with independent node operators, business entities that develop products powered by ARK as well as assist in maintaining the code base, an enterprise division driving adoption as well as a community of users, developers and service providers.

The ARK Public Network supports special transaction types such as multi-payment, multisignature, many various registration transactions, and IPFS hash transactions. ARK’s Launcher product, allows fully customizable interoperable blockchain creation using a graphical user interface. This plug and play creation method allows developers to fully utilize ARK’s consensus model, technology stack, product line and custom transactions.

Founded by Peter Kim, MovieBloc is a reverse ICO project driven by the Korean video streaming platform Pandora.tv. MovieBloc is a decentralized movie and content distribution platform.

MovieBloc

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.

Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.

Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.

The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.

Orchid

Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps.

With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available.

Bifrost has multiple components that allow for a seamless connection among all blockchains:

Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility.

Linker: A system that connects the user and Bifrost components, ensuring the seamless operation on top of multiple blockchains.

Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost.

Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain.

Scan: A dashboard that provides you with a full view of the internal process of Bifrost and shows your blockchain interconnectivity in diagram.

Bifrost

Steem is a community-focused blockchain that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.

The protocol is a publicly available, incentivized blockchain database that allows users to interact with each other and earn in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network ensures the fair treatment of contributors by running a reward structure that reflects each user’s contribution.

Steemit is the first app that was built on the Steem blockchain, and it launched on July 4, 2016. The protocol aims to provide value for its community of users in the following ways:

To provide thoughtfully chosen news and commentaries.

Creating an opportunity to earn.

As a source that offers answers to users’ inquiries.

Offering a stable cryptocurrency pegged to the USD.

Steem

IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.”