Orbs (ORBS) is a cryptocurrency and blockchain project designed to provide infrastructure and support for decentralized applications (dApps).
It is built on a unique architecture and aims to offer scalability, security, and ease of use for developers and businesses looking to build decentralized applications.
Orbs uses a hybrid consensus mechanism that combines the security of Ethereum’s Proof-of-Stake (PoS) system with the speed of BFT (Byzantine Fault Tolerance) consensus. This architecture is designed to provide high throughput and low latency for dApps.
Orbs is a decentralized Layer-3 (L3) blockchain designed specifically for advanced on-chain trading. It is developer-friendly, with an emphasis on ease of use and support for popular programming languages. This makes it accessible to a broader range of developers.
ORBS Token (ORBS)
ORBS is the native utility token of the Orbs blockchain. It can be used to pay for transaction fees when interacting with dApps on the Orbs blockchain.
ORBS tokens are used to stake and participate in the consensus process as validators or delegators, helping to secure the network and validate transactions.
ORBS token holders may have governance rights within the Orbs ecosystem, allowing them to participate in decision-making processes related to the platform’s development and features. Validators and delegators can earn rewards in the form of ORBS tokens for their participation in securing the network.
Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by CoinIdol. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.
Source: https://coinidol.com/orbs-orbs-token/