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Use of Ethereum as a Base Layer for PoS and PoA Platforms

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Combining scalability, low fees and isolation between virtual chains with a first-grade developer experience, online IDE and smart contracts in familiar languages, Orbs provides developers the perfect mix of performance, cost, security and ease of use.

Latest Blog Posts

Orbs By the Numbers

Eddy Kim

|

24 days ago

blog

Since Orbs Ltd. was established in 2017 and the production-ready Orbs Network mainnet was launched in 2019, the Orbs Network has been growing through a variety of efforts by the entire community, including: the token distribution event, listing on exchanges, the continued growth of the PoS universe, partnerships with enterprise businesses, DeFi integration with multi chain support, etc. To help easily understand the current state of the project, the Orbs core team has sorted out some of what has been accomplished over the last 2 years during this journey by the numbers. Some of these numbers are very interesting to us and some may be interesting to community members as well.

Here it is!

infographic

Orbs by the numbers; All data is as of August 2021. The numbers will be updated as the Orbs Network grows

About Orbs: 1, 5, 30+

Orbs is the leading blockchain company in Israel, a country that is famous for its innovation and start-ups. Orbs has been selected as one of the “Cool vendors in blockchain technology” by Gartner. Now there are more than 30 team members who are working hard in global offices (Israel, UK, S.Korea, Singapore, Japan); more than half are part of the R&D team. The ecosystem contains many partners around the globe.

Origin of Innovation and R&D: 3, 161

Orbs is developer-friendly. Developers can start working on Orbs easily, with just a few clicks in the most popular cloud environments including AWS, Azure by Microsoft, and Google Cloud. Orbs is a full open-source project and there are 161 repositories in the project’s official github. As mentioned, half of the team members are R&D and the Orbs Network is not a fork of any existing solution but was developed from scratch and is a fully public, permissionless blockchain solution.

Status of Orbs network: 18, 879, 2017, 46K

Orbs was established in 2017 and launched our production-ready mainnet in March 2019. As of 19 August 2021, the Orbs Network is 879 days old. And we now have 46K+ twitter followers and thousands more community members via other global and local social channels. ORBS tokens can be traded on 18 exchanges globally.

Orbs is Decentralized: 8589, 224K, 38M

As the Orbs network is a permissionless public blockchain, it is distributed to more than 8000 addresses holding ORBS tokens on all integrated blockchain networks (ETH, BSC, Polygon) and there have been over 224K transactions of ORBS tokens to date. In addition to the main circulating supply on Ethereum, there are now also 38M tokens swapped to the BSC and Polygon networks, which are outside of the Ethereum network.

Orbs PoS Universe(1): 8, 11, 14

You can participate in Orbs PoS Universe to earn a Maximum of 8% rewards (APR). To participate by staking ORBS, there are 11 popular wallets that can be used easily on Win, Mac, Android, iOS. There is a 14-day cooldown period to unlock staked tokens.

Orbs PoS Universe(2): 21, 1067, 898M

There are 21 active Guardians securing the Orbs network, together with 1000+ delegators. The total number of staked tokens in the PoS Universe is 898M, which is about 40% of the current circulating supply. This stake provides security and consensus governance to the network.

Trading Volume: 215M, 2.23B, 10B

Orbs is now ranked #184 on Coinmarketcap with a market capitalization of about $215M. 2.23B ORBS are now active in the market out of 10B total supply.

Of course these numbers are not final and will continue to change with the growth of the Orbs Network.

The Orbs Ecosystem Grant Program - Second Call for Grants

Ran Hammer

|

a month ago

blog

The Orbs project is now launching a new call for grants under the Orbs Ecosystem Grant Program (OEGP).

For this round, the focus will be on applications that will draw on the power of the Orbs Universe, with its Guardians and Delegators, using their ability to arrive at consensus through the Orbs protocol incentive layer powered by the ORBS token.

The full details of the grant program are available here.

Proposals can be sent to grants@orbs.com

Background

The Orbs project, together with our community, is building a public and permissionless ecosystem. Orbs was born as an open source project and the Orbs team continues to strongly believe in the immense potential of open source collaboration and are always looking to work with others.

Recently, there has been a major expansion of the Orbs ecosystem, with a large focus on integrations with DeFi ecosystems.

The Orbs project is now ready to advance to the next level...

Ecosystem image

Traction As Primary KPI

In the second call of the OEGP, we are looking for proposals that utilize the Orbs decentralized network of nodes and leverage Orbs Guardians to gain a competitive advantage.

We are looking for proposals that will contribute to ecosystem growth, measured by three traction related Key Performance Indicators (KPI’s). The first is user activity, such as the amount of transactions and API calls performed by end-users. The second is the number of integrations with leading industry platforms and popular projects. The third is Total Value Locked (TVL) that engages with Orbs ecosystem products.

We are looking for proposals that will contribute to any of these three KPI’s.

Grant Opportunities and Proposal

To direct you towards proposal ideas, below are some examples of areas where we feel the Orbs network has a unique competitive advantage that can be leveraged towards meeting the KPI’s discussed above:

Data Indexing and Analysis Infrastructure
Notification and Monitoring Infrastructure
Bridging and Cross Protocol Infrastructure
Algo Trading Technologies and Infrastructure
Enriching EVM Contract Capabilities
Consumer Dashboards and Calculators
DeFi and NFT applications oriented at retail
Integrating existing Orbs Apps to new projects

These areas and examples are not exhaustive, we’d love to hear if you have ideas for projects that go beyond the above.

If you and your team have an idea for a grant proposal, please provide us with a proposal with the detailed information about your project listed in the grant program doc.

Selection Process

Once a proposal has been submitted, the Orbs team will undertake the thorough review process laid out in the Grant program document.

The OEGP Grant Committee reserves the right to alter this process as it deems appropriate, in its sole discretion. For example, in some circumstances, when projects are of significant importance to the Orbs ecosystem, the OEGP Grant Committee may push applications through on an expedited process.

Grant Delivery

Grants may be paid out in multiple installments and may be made in either fiat, cryptocurrency such as BTC and ETH or by delivery of Orbs Tokens. Such installments are subject to a payment schedule to ensure that predefined milestones are achieved. The OEGP Grant Committee controls payments and may assess milestone reports from grantees prior to follow-on payments. Orbs may not distribute follow-on payments for projects that do not hit their deliverables.

The full details of the grant program are available here.

Proposals can be sent to grants@orbs.com

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