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ORBS: Ilan Sterk on iFX EXPO, Upcoming Round V of ORBS Rewards Distribution

Biweekly update 9th June — 22nd June

Hey Orbsians! We are happy to see you in biweekly update on ORBS Network!

At the beginning of July 2020, we will see Round V of ORBS Rewards Distribution. The team has prepared a friendly reminder describing the various rewards, how they are calculated, and the distribution process. Please take note that the rewards for participants who have not staked their token through the staking contract will be pushed to the recipients’ addresses on Ethereum, this is the last reward distribution for such participants. In order to participate in staking use Tetra wallet.

As for social media updates, Orbs VP Trading Ilan Sterk partook in a fascinating discussion on the extensive research on Bitcoin price manipulation and its impact on other assets, CBDC’s (Central Banks Digital Currency), and how COVID-19 changed public perception of crypto, halving, and price movements.

That’s all. We hope, that ORBS team will give us a little more in the next two weeks. Stay tuned, stay updated!

Development

Github metrics:

There are 19 registered Guardians and 16 Validators running in production. There are now over 1700 Delegators participating in the Orbs PoS ecosystem, and over 200 of them are already staking through Tetra, the new staking wallet! Note that the locking period has been decided to change to 14 days.

There are 2 applications running on the Orbs Network:

  1. Vchain 1960000 — Open-Rights (https://www.open-rights.org/)
  2. Vchain 1970000 — Receipts Notarization (https://www.linet.org.il/)

At the beginning of July 2020, the 5th round of rewards distribution will occur. This post is a friendly reminder describing the types of rewards, how they are calculated, and the distribution process.

Social encounters

Ilan Sterk (Orbs) on the extensive research on Bitcoin price manipulation and its impact on other assets, CBDC’s (Central Banks Digital Currency), and how COVID-19 changed public perception of crypto, halving, and price movements:

Orbs Universe

Delegators, in order to receive rewards, you should delegate to an active guardian who does not miss voting deadlines. If your guardian misses voting deadlines, you will not get rewards in this period.

Guardians, please note that elections are every 20000 Ethereum blocks, it is approximately 3 days. A Guardian vote is valid for about 1 week. We recommend voting every 6 days to be on the safe side.

Voting deadlines calendar (estimated)

You can delegate your Orbs tokens via the link. After the end of the closest voting period, you can check your rewards here. Also, you can use TETRA Wallet.

Finance

Source: https://etherscan.io/
Official website metrics

Roadmap

According to the Roadmap:

  1. Proof-of-Stake Core Infrastructure V2 — Implement the next version of the Orbs Proof-of-Stake architecture with various improvements making the existing implementation more efficient, easier to use and more powerful with the ability to rely on stronger incentives like locking.

2. Proof-of-Stake Ecosystem Tools — Create tools for participants in the Orbs PoS Universe. Validators will benefit from easier ways to keep their node healthy. Guardians will have better ways to measure Validators. Delegators will have easier ways to stake and observe network activity.

3. Orbs Audit Node — Audit nodes are important for network security. They allow any external participant (not necessarily a Validator) to verify that the network operation is correct. Audit nodes may choose to audit only a single or subset of virtual chains.

4. Orbs Two Tier Consensus — Two tier consensus is the hybrid aspect of Orbs. It allows to build permissioned apps — where the app can select its own block producers. These apps run over a permissionless infrastructure — where validators are selected by the network.

5. Virtual Chains Infrastructure — Virtual chains are a key feature of Orbs that provides isolation between apps. It gives the network infinite scalability and sharding; and provides apps with lower cost of operation, guaranteed resources and independent governance.

6. Validator Node Deployment V2 — The next generation of how a Validator deploys and operates an Orbs node. Improvements include efficiency for reduced operation cost, higher availability and uptime, optimizations for even more scaling and improved security.

7. Orbs Smart Contract SDK — Allow developers to build even better apps with Orbs for more versatile use cases. Developers are requesting richer API’s that support more languages, more powerful data structures and more flexible interoperability.

8. App Developer Experience — Increase developer adoption by making the app development experience on Orbs easier than ever. Help developers learn how to build on Orbs and give better developer tools to debug and test their smart contracts.

9. Ready-Made Use Case Templates — Increase business adoption of the Orbs network by offering solutions for popular blockchain use-cases. These templates reduce the integration time of blockchain technology into a business from months to days.

10. Network Production Enhancements — The Orbs network is in production mainnet from March 2019. Continue the process of making the network more mature, reliable, stable, performant and secure — so it can host even bigger apps with more users and more value.

11. Protocol Enhancement Research — Long term research for core improvements to the Orbs protocol. Every big feature like privacy with zero-knowledge proofs requires months of academic research before being implemented in production and added to the core.

12. Online IDE for App Developers — Similar to Ethereum’s Remix, the online IDE lets app developers write smart contracts directly from their web browser without installing any tools. This is a great way to make experimentation with Orbs easier with less friction.

13. Prism Block Explorer — Prism is the Orbs block explorer which lets users access the chain directly, find transactions and inspect blocks. Prism is also a developer tool because it lets smart contract developers investigate their contracts and learn how they’re used.

Partnerships and team members

No updates.

Other

About Orbs

RPOS by ORBS Universe

Virtual chains

Social media metrics

The graph above shows the dynamics of changes in the number of Orbs Facebook likes, Reddit subscribers, and Twitter followers. The information is taken from Coingecko.com.

This is not financial advice.

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