Orbs Update January 2021

Eran Peled
Eran Peled

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8 months ago

blog

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A fresh start of a new year, and we couldn't be more excited!!

Orbs and Binance announce a partnership to co-found the DeFi.org accelerator!

Orbs is excited to launch what we hope will become a game-changer in the DeFi space. And there’s no one better to partner with than Binance - one of the biggest powerhouses in the crypto space!

The announcement has already sent shockwaves through the cryptosphere, with overwhelmingly positive feedback and interest!

Read all about it in this Month’s update. Here we go!!

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Orbs & Binance Partnership!

Orbs and Binance, the global blockchain company behind the world’s largest digital asset exchange, announced that they are teaming up to promote innovation in the decentralized finance (DeFi) space by serving as the first core sponsors of the DeFi.org accelerator, which bootstraps new projects and DeFi protocols.

The DeFi.org Accelerator is dedicated to supporting research, development of open-source software and community engagement. The accelerator looks for projects that are built on the principles of fair distribution, community ownership, innovation, responsible approach to risk, sustainable economics and composability with the broader ecosystem.

Read the official announcement here:

And here is the official announcement by Binance

The announcement received top headlines in the biggest news outlets in the space, including, among others:

Within the first week of starting its operations, the DeFi.org accelerator already received more than twenty applications for DeFi projects, each one more unique and interesting than the other!

Orbs is extremely excited to kickstart this initiative with Binance! Stay tuned for more news and updates!

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DeFi.org Accelerator

As mentioned above, Orbs is excited to co-found the DeFi.org accelerator together with Binance!

The DeFi.org accelerator’s goal is to help founders launch the next wave of DeFi innovation.

As part of this exciting initiative, we've assembled a group of world-class mentors, each an industry expert, in key fields such as Product/UX, Crypto economics, Frontend/dev, Community/marketing, and more…

Project who are accepted into the program will receive:

Showcase Project: Yield Fighter!

Yield Fighter is a working dApp demo developed by the mentors of the DeFi.org Accelerator during a one-week hackathon. The goal was to show off what your project could look like if you participate in the accelerator and let the mentors sprinkle some magic dust on *your* idea.

Read more here:

Submit a Project

Do you have an amazing new idea for a project in the defi space?

What are you waiting for?! Submit it now at https://defi.org

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Orbs on the Hitachi Japan Channel

Orbs is featured on the HITACHI channel in Japan!

Mayo Hotta from the Orbs team does a great job explaining to the Japanese public about Israeli Innovation, introduction to blockchain technology, and the Orbs project.

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State of the Network

Orbs PoS V2.5: The Age of Guardians, has introduced many new features into the Orbs PoS Universe. A key component of which is empowering the Orbs Guardians to take a more active role in building and maintaining the Orbs Network.

These added responsibilities of the Orbs Guardians make it extra-important for Delegators to properly choose a Guardian, who will look after the network and his Delegators' best interests.

Here is a short guide for the Orbs Delegators on choosing a Guardian:

The last month saw some significant spikes in gas prices on the Ethereum network. This led to a lively discussion in the Orbs official telegram channel on this subject.

Orbs PoS V2.5 release already introduced major improvements to the protocol that brought about a significant reduction of Ethereum gas consumption across the Orbs Universe. Nonetheless, the Orbs team is monitoring and analyzing this issue from a technological viewpoint, and are examining additional improvements to be presented to the community for possible implementation.

In the meantime, the following blog explains the importance of the Orbs proof of stake design on Ethereum, and provides guidelines to Orbs delegators on how to be efficient with gas usage and thereby significantly reduce costs associated with gas prices.

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Media highlights

Industry Transformation Coalition

Industry Transformation Coalition hosted Orbs co-founder, Netta Korin, for a one-on-one interview on how blockchain can help combat exploitative images online:

PART 1

PART 2

United Women’s Economic Network

Orbs is proud to have Netta Korin partner with Marwa al Mansoori from the UAE to launch the United Women’s Economic Network initiative, under the Abraham Accords. The goal is to empower women and create a real peace among our people.

Netta is also mentioned in the official White House press release for her part in this initiative! A great privilege and honor!

Netta is doing an amazing job promoting Orbs and Blockchain technology with world leaders at the highest levels.

Hexa Foundation - Blockchain to Eliminate Voter Fraud

The 2020 US election fraud claims are nothing new. If the same allegations appear after each election, then the system is in desperate need of a reboot.

It is time to examine new technologies, Blockchain definitely being a top contender:

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Orbs Team Updates

The Orbs Team celebrated the new year with a toast in the new offices, and what a year it has been -

Orbs PoS V2.5: The Age of Guardians has been a huge milestone by the team and an overall momentous occasion in the history of the Orbs Network (second only to the Orbs mainnet launch back in 2019). The new mechanism places the Orbs PoS architecture at the forefront of public blockchain infrastructure projects.

The transition has also been extremely successful, for both Guardians and Delegators, which emphasizes the resilience and commitment of the Orbs community.

There was other important progress in various fields such as defi; we are now beginning to see the fruits of that hard work with the Binance partnership.

Overall, 2020 was an important year for Orbs in terms of building and strengthening the fundamentals of the project.

We wish all of the Orbs community a happy new year!

May the coming year bring you happiness and health!

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As always, stay tuned to our social channels (twitter, Telegram) to keep up to speed with everything that’s going on in the project.

Until next time,

Yours truly,

-Eran

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