Orbs a hybrid blockchain achieving nextgen speed without compromising decentralization.
Orbs is a hybrid performance protocol that solves Ethereum’s scalability problems - today. The hybrid solution is as fast as centralized solutions without compromising security and decentralization. Orbs is a public blockchain with a unique formula for achieving scale without compromising decentralization. It does so by using randomality for security and intelligent sharding for speed.
Adopting Orbs alongside Ethereum allows DApps to enjoy the best of both chains: unmatched security, liquidity and ecosystem integration, together with low-fees, production-ready scalability and suitable fee structure.
Orbs developed two groundbreaking technologies to make this possible: Virtual Chains and Randomised Proof of Stake. Virtual Chains are intelligent sharding and unlike current sharding solutions that randomly split traffic, virtual chains optimize (lane) usage by allocating one per app, while the Orbs rPOS consensus allows for the security and decentralization benefits of 1,000 nodes while enjoying the speed of 21 nodes.
By 2020, large scale consumer applications will have transitioned to the blockchain, bringing decentralized services to billions worldwide. We see the beginning of this trend today as more and more established consumer brands - Kodak, Kik and Telegram - launch new, decentralized businesses and reinvent themselves in this space.
The masses of mainstream consumers present a unique combination of challenges that general-purpose blockchain solutions find difficult to adequately meet. We see a need toprovide these decentralized consumer apps with a hybrid infrastructure solution that addresses the multitude of requirements for making this transition possible and seamlessly integrates them into the emerging standard blockchain infrastructure.
Until now, established consumer brands have been forced to either avoid blockchain technology altogether; defocus and develop their own custom infrastructure in-house; or settle for off-the-shelf solutions that don’t scale, fee structures that break business models and a degree of liability that a real-world business cannot accept.
Orbs mitigates these problems by augmenting current blockchain solutions such as Ethereum. Rather than competing with current protocols, Orbs complements them in order to bring scalability to decentralized apps without reinventing the wheel - especially where things were done well.
The Orbs project envisions complementing the de facto, emergent blockchain standard of Ethereum by functioning as a second layer hybrid. Ethereum has unmatched combination of decentralization, liquidity and ecosystem, yet, an ethereum token requires an overlay network optimised for micro-transactions in order to perform high-scale and low-fee operations. Adopting Orbs alongside Ethereum allows DApps to enjoy the best of both chains: unmatched security, liquidity and ecosystem integration, together with low-fees, production-ready scalability and suitable fee structure. This combination of Ethereum and Orbs is the optimal solution for applications with millions of users looking to adopt blockchain, today through innovations like blockchain virtualization (a.k.a., virtual chains) and randomized proof-of-stake (RPoS), Orbs will blend the common requirements for security with demand for speed both, while compromising on neither.
Orbs has developed two groundbreaking technologies:
Current sharding solutions randomly split traffic. Virtual chains optimize usage by allocating one virtual chain/lane per app – increasing speed and insulating dApps from hazards elsewhere on the network while offering the decentralization and security of the common Orbs infrastructure.
Out of the 1,000+ planned nodes in the Orbs network, a smaller randomized committee of number of nodes is generated to reach consensus for each block, making it mathematically impossible to know which nodes will be chosen.
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Private sale —
01 Jul 00:00 UTC
Start working with Kik as a design partner
Complete work on architecture v1 and start building alpha network
Recruit two more design partners and formalizing Helix Consensus Algorithm