Overview

Orbs a hybrid blockchain achieving nextgen speed without compromising decentralization.

Project stage

Only a whitepaper

Detailed description

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.

Problem

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. 

Solution

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.

Features

Orbs has developed two groundbreaking technologies:

Virtual Chains
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.

Randomized Proof-of-Stake
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.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : ORBS
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Hybrid token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
Private sale — Active
01 Jul 00:00 UTC
0.1 USD No - Uncapped Uncapped
  • Team

    • Daniel Peled photo
      Daniel Peled
      President
    • Uriel Peled photo
      Uriel Peled
      Co-founder
    • Tal Kol photo
      Tal Kol
      Co-founder
    • Netta Korin photo
      Netta Korin
      Partner (Hexa Group)
    • Oded Noam photo
      Oded Noam
      Chief Architect
    • Oded Wertheim photo
      Oded Wertheim
      Chief Technology Officer
    • Leonid Beder photo
      Leonid Beder
      Head of blockchain engineering & security
    • Ori Rottenstreich photo
      Ori Rottenstreich
      Chief research officer
    • David Yakira photo
      David Yakira
      Head of research
    • Shai Yallin photo
      Shai Yallin
      VP engineering
    • Maya Leshkowitz photo
      Maya Leshkowitz
      Researcher
    • Gad Cohen photo
      Gad Cohen
      Researcher
    • Ido Grayevsky photo
      Ido Grayevsky
      Researcher
    • Naama Hadad photo
      Naama Hadad
      Researcher
    • Kirill Maksimov photo
      Kirill Maksimov
      Sr. backend engineer
    • Kfir Damari photo
      Kfir Damari
      Chief Strategy & Innovation Officer
    • Amit Barkan photo
      Amit Barkan
      Chief Investment Officer
    • Dolev Kenn photo
      Dolev Kenn
      Chief Operations Officer
    • Ran Melamed photo
      Ran Melamed
      COO (Hexa Group)
    • Ran Hammer photo
      Ran Hammer
      General Counsel
    • Ilan Sterk photo
      Ilan Sterk
      VP Trading
    • Billy Attar photo
      Billy Attar
      VP Marketing
    • Oren De Lange photo
      Oren De Lange
      Director Of Finance
    • Eugene Stephan photo
      Eugene Stephan
      Director Of Strategic Alliances
    • Marina Rudinsky photo
      Marina Rudinsky
      Head Of Design
    • Mattan Erder photo
      Mattan Erder
      Regulatory Compliance Strategist
    • Sivan Yitzhak photo
      Sivan Yitzhak
      Community Manager
    • Bar Chetrit photo
      Bar Chetrit
      People & Operations Manager
    • Gedalyah Reback photo
      Gedalyah Reback
      Editor & Communications Manager
    • Disheng Zheng photo
      Disheng Zheng
      Community Manager Asia
    • Suzana Bobis photo
      Suzana Bobis
      PA to Co-founders
    • Avi Rubin photo
      Avi Rubin
      VP Product (Hexa Group)
    • Yaniv Altshuler photo
      Yaniv Altshuler
      Advisor
  • Advisors

    • Idit Keidar
      Advisor
    • Shira Levy Barkan
      Advisor
    • Stas Oskin
      Advisor
    • Nimrod Lehavi
      Advisor

Roadmap

  • Q2 2017

    Start working with Kik as a design partner

  • Q3 2017

    Complete work on architecture v1 and start building alpha network

  • Q4 2017

    Recruit two more design partners and formalizing Helix Consensus Algorithm

  • Q1 2018
    • Internal testing for alpha network 
    • Partner with consumer brand from Payments, Ad Tech and Big Data sectors
  • Q2 2018
    • Publish Helix Consensus Algorithm v1.1
    • Exiting stealth mode

Activity