Orbs was founded in 2017 by a team of professional engineers, entrepreneurs and scientists. They created an infrastructure that ensures blockchain scalability through using blockchain virtualization and randomized proof-of-stake (RPoS).
Orbs is a public blockchain that enables smart contracts and works in conjunction with the current standard of Ethereum. The ORBS token is the only way of payment on its platform.
The ORBS token is used in the Orbs protocol to compute commissions for completed applications and to offer an incentive scheme for validators, thereby the network's intergrity is maintained in this way.
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