ORBS is a decentralized blockchain architecture designed to provide blockchain support for mainstream applications and bring them to the mass market. By 2020, such applications are expected to deliver decentralized services to billions of users in areas like payments, social media, gaming, and online advertising. ORBS offers scalability, security standards, rapid iteration, and API interfaces, positioning it as a potential contender in the blockchain 3.0 landscape. It will conduct a public offering in the first quarter of 2018, with the amount yet to be determined. The technology is highly advanced.
Orbs is a blockchain infrastructure specifically built for established consumer brands and their business, technical, and legal requirements.
Project Vision
Our mission is to help established consumer brands build their own decentralized economies that are fairer, more stable, and offer superior user experiences compared to existing business models.
To achieve this, Orbs will enable large centralized applications to transition millions of users to decentralized applications. This means creating an infrastructure and ecosystem for consumer brands that addresses their engineering, business, and legal needs.
We have four product pillars that will help us achieve this goal:
1. Consumer Scale – Large applications require fast transactions and a fee model suited to their scale and adaptable configuration.
2. Service Level Agreements (SLAs) – Serious businesses with millions of users and dollars (or tokens) at stake expect predefined levels of service, making SLAs essential.
3. Evolving Consistency – When you have a global audience and millions of users, you face a dizzying array of rules, necessitating a configurable governance model.
4. Modern Deployment Paradigms – For us, its crucial that Orbs offers features our clients are accustomed to, such as version control, migration tools, and phased deployments.
Project Highlights
Orbs platform is designed for consumer-level computing and adheres to clear, predictable Service Level Agreements (SLAs).
Consumer Scale
The network is designed to provide extremely high scalability - supporting billions of transactions per day for thousands of users.
Service Level Agreements (SLAs)
The platform is suitable for clients who expect predefined service levels they can rely on. Orbs offers different service tiers to accommodate varying business needs.
Evolving Compliance and Regulation
Orbs provides comprehensive compliance, allowing consumer applications to meet current and evolving regulatory requirements. Orbs has a scalable regulatory model to address the various regulations and liability challenges faced by large enterprises.
Modern Deployment Paradigms
Large-scale applications with millions of users cannot simply deploy or upgrade their applications and hope for the best. Orbs provides the necessary features for managed deployments, including: versioning, migrations, and multi-chain capabilities.
Technical Overview
Orbs platform supports blockchain virtualization, providing the look and feel of a dedicated blockchain while running on a public and shared node network, enjoying security and full decentralization. The separation of virtual resources from underlying physical resources provides isolation, quality of service, Service Level Agreements (SLAs), and elastic resource capacity.
Orbs platform is a blockchain Infrastructure as a Service (IaaS) designed for large-scale consumer applications. Orbs provides infrastructure for distributed applications in a manner similar to how AWS provides infrastructure for centralized applications.
Orbs leverages an innovative custom consensus algorithm aimed at meeting the needs of consumer applications. It offers extreme scalability based on virtual instances, random committees, and separation of ordering and validation. Transactions are encrypted by end-users and only decrypted post-consensus, ensuring fairness and resistance to censorship.
Orbs compute layer supports polyglot smart contracts and allows access to other blockchains, such as Ethereum, enabling cross-chain smart contracts.
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