What is Orion Protocol (ORN)?
Orion Protocol (ORN) is the first-ever gateway (terminal) to the entire crypto market. It aims to aggregate all central exchanges (CEX), decentralized exchanges (DEX) and swap pools into one easy-to-use decentralized platform. The key to Orion's value is its built-in liquidity aggregator, which allows users to automatically access multiple exchanges to get the best spot price for all supported cryptos
, with the best features of both central exchanges and decentralized exchanges.
Orion Protocol thus differentiates itself with a built-in liquidity aggregator. A liquidity aggregator is a technology that allows users to simultaneously get prices from multiple different liquidity providers, such as central exchanges and decentralized exchanges.
Who founded Orion?
Orion's CEO, Alexey Koloskov, is a blockchain developer and the lead architect and creator of the decentralized exchange Waves (Waves 'DEX). Alexey has extensive experience in developing and managing complex banking software and in managing large-scale IT projects. Kai Ali, Orion's chief operating officer, is a blockchain
strategic advisor/consultant for several projects, including Holochain, Morpheus Network and Quant Network. The Orion Protocol team has an extensive marketing department and a large back- and front-end developing team in addition to the CEO and COO.
How does Orion work?
Orion Protocol runs the Terminal using one of the newest consensus algorithms: Delegated Proof of Broker (DPoB). Delegated Proof of Broker is a variation of the Proof of Stake
mechanism. The mechanism consists of two parts: Brokers and Non-Broker Stakers.
Brokers ensure that all exchanges on the Orion platform are connected. Brokers have the Orion Broker Software installed, have multiple accounts at exchanges and have at least $10,000 in ORN staked.
Non-Broker Strikers are basically "just" strikers who strike their ORN, just like other Proof of Stake algorithms.
The Orion Broker Software that the Brokers have installed causes the Brokers' computers to execute trades from the liquidity aggregator automatically. Brokers receive a portion of the fees paid on each trade they execute. Non-Broker Strikers stake their ORN to "vote" on their choice of Broker. That choice is made based on the share of the reward the Broker offers them. Brokers are thus incentivized to offer attractive rates to Non-Broker Stakers so that they have a greater chance of being chosen.
Currently, the testnet is running on the Ethereum
blockchain, but the mainnet, which launches in the second quarter of 2021, will run on the Elrond blockchain. Elrond uses Adaptive State Sharding and Secure Proof of Stake, making it faster and cheaper than the Ethereum network.
Can I earn money with Orion?
Yes, you can earn money by trading Orion (ORN). Buy low, sell high. Orion can be used to trade against other cryptocurrencies. Always trade responsibly. Often the price is influenced by Reef news. Buy Orion (ORN) at Coinmerce.