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Marketplace & Bitcoin Services / How ORMX Coin Takes on Multiple Business Opportunities?

« on: August 24, 2020, 08:11:23 AM »

The Financial Industry

The ORMX coin and the ORMX core has been used by several banks including other financial industries. It is based on the Bitcoin core moreover it is enhanced with robust and resistant to attacks. The ORMX core provides the robustness and sums the efficiency of Ethereum ecosystem. For creating the blockchain so that it can be used by the banks and investment firms.

Payment Processing Industry

Bitcoin is the popular cryptocurrency while the limitation of the inability of the payment process is as fast as the distinct blockchains. Based on the Bitcoin core 0.13 the ORMX core supports faster transactions in the environment this is possible due to POS architecture utilised by ORMX coin unlike using PoW schema which the Bitcoin practices. Majority payments will be based on the mobile but the transaction speed is sufficient to compete with other methods of payments.

The Supply Chain Industry

ORMX can be utilised for supply chains for creating their own tokens so to use within the supply chain. The tokens will be used to express the products in a supply chain which enables more accurate batching in order. An unparalleled safety is being allowed by the firms in a supply chain for interchanging messages within the protected platform.

Value Chain In Industries

There is no flexibility in traditional blockchain contracts that are not enough to accommodate distinct smart contracts. This is used in the hotel industries and airlines which provide holiday packages to the customers. The industry has partnerships between the organizations for offering discounts to the customers who are adopting the products.

Archival

The archival is used for keeping the records safe and these archives are used by most businesses. But cloud computing along with the database systems are vulnerable to DDoS as well as ransomware attacks create their own blockchain layers which can keep their information. The sensitive data can be controlled by adopting the ORMX coin as their original currency and can develop their own token.

For any query or question, feel free to reach the team at the official Telegram channel:

https://t.me/orbitmaxofficial

Marketplace & Bitcoin Services / Application and significance of ORMX tokens

« on: August 17, 2020, 02:54:33 PM »

The Decentralized Uses of ORMX CORE

The use of abstraction layers combines the Bitcoin core 0.13 and Ethereum virtual machine; the best combination of these two is done by ORMX core. Some features of Ethereum like DAPPs have been incorporated by bitcoin's robust blockchain. The bandwidth can be reduced when DAPPs are able to use the bitcoins SPV network. The reduced bandwidth will run the applications and enable it for offline use in a few cases.

The applications are used for only decentralized applications. Indeed it could be used for iot applications in most devices. DAPPs could be used in real-world environments.

The human-readable agreements can be converted to the smart contracts used for business, this is done when ORMX core works with the developers. A smart contract must require essentialities that are used for them to be accomplished. These essentialities can be coded to assure that they are legitimately binding.

This enables the businesses to use ORMX core both for B2B AND B2C transactions.

ORMX core can be changed accordingly and is scalable to fit into the industry. The bitcoin blockchain is strong but lacks versatility. The ORMX MAX will provide the business with both the versatility and robustness within the amalgamation.

It permits the industry-specific applications for the development along with the specific smart contracts for every business.

METHODOLOGY of Go Mobile

The UTXO model in the Bitcoin core 0.13 can execute the simplistic payment verification(SPV). The mobile applications can be easily tweaked by using the plugins or API clusters by using Ethereum DAPPs. Hence this gives the possibility for creating the e-wallet which has been used by the exchanges of bitcoin and ethereum. Lower bandwidth is likely because of the decentralized characteristics of SPV application.

They will not hold the complete blockchain rather than holding the transaction information. Moreover, the Android and ios mobile DAPPS have to be developed by the developers. This will enable users to use their e-wallets accordingly.

Commercial Uses for ORMX CORE

The ORMX core is best for assuring the industries and businesses which can adopt blockchain technology with satisfaction. For longer the Ethereum virtual machine is integrated, under the ERC-20 protocols, the businesses can develop their own tokens. The bitcoin blockchain will not allow except the integration layer which converts the Ethereum codes in UTXO commands for executing the bitcoin core.

Similar to the way that ORMX core allows the business to develop their personal self executing contracts on the platform, the people too can create Ethereum smart contracts for their own business.

Marketplace & Bitcoin Services / Technical Features of ORMX Coin

« on: August 12, 2020, 07:38:29 AM »

As the crypto industry has not completely achieved physicality, while the FX market has truly worked on the liquidity. This results in the volatility in the market during the higher transaction rate. A subsequent rise or fall in the crypto market is due to high transactions whereas a one million dollar transaction has no such effect.

If talking about volatility of the market then prices of the Bitcoin fluctuates eruptively by hundreds of dollars as the value increases. The specific problem is found that liquidity affects volatility. As the founder defined that the only solution to this is that people should increase the use of Bitcoin until liquidity can be achieved.

Another problem is that Bitcoin has a scalability problem as the transactions per minute is slower because the main profit-making is in gift or settlement.

The bitcoin is called remitting money as there is enough time for completing the transactions using the existing infrastructure. The protocols of Bitcoin are based on the Proof of work and thus depend on the GPUs for mathematical completion of the nonce for enabling the blocks for the transaction to add to the blockchain.

By increasing the transferability of cryptocurrencies the possibility of liquidity will increase. The liquidity of the fiat currency is there due to more and more access and transfer movements of the currencies. Also, the difficult wire transfers take a few minutes except bulk transfers which took a few days in bank clearance houses.

The payment processing will increase by increasing the payment speed and using cryptocurrency as the method of transferring the payment. It though increases the use of digital currency and converts the liquidity and also it settles the volatility.

Even Bitcoin is to be known all over the world but cannot use it for payment method. The problem is within the architecture which has a limited speed for transacting money.

ORMX coins are used for developing the payment processing and then it allows the high-speed transfer of money in-between. Speed is approx in between 24 seconds that allows effective online and offline payment transfer with fast speed.

Also, smart contract technology makes the ORMX coin prevent fraud cases. The users have private and public keys, while merchants use their public key for receiving the payments and users send the money by using the private key.

As the ORMX coins work on the Ethereum platform it permits cross-compatibility with the multitude of wallets and Dapps. This then will be a great opportunity for developing mobile applications.

For any query or question, feel free to reach the team at the official Telegram channel https://t[dot]me/orbitmaxofficial

Marketplace & Bitcoin Services / POS VS POW and the difference between Bitcoin and Ethereum

« on: August 06, 2020, 10:39:51 AM »

POS v.s. POW

Proof of stake (POS) specifies that the customers can add their transaction and verifies the coin he/she owns. Through the help of POS, bitcoin owners can transact the currencies. The POS was being developed as an alternative for the Proof of Work (POW). POW is an original arrangement of the algorithm in a blockchain that is used for verifying the transactions and add new blocks to the chain.

The requirement of energy is much higher by the POW while in the POS the percentage of coins decides the mining energy. In addition to that, it contains less peril in the potentiality for the miners to harm the network as its structure is difficult to attack.

In the cryptocurrency, the algorithm of Proof of work differs from Proof of stake. A POW does require mining to occur in the blockchain. In POW the miners have to do work before other blocks are accepted from others. The POS consists of a high stake of currency where one holds the currency for determining the next block.

The biggest difference is that Proof of work needs an external resource that is mining hardware whereas the Proof of stake has no requirement of an external source. If the price and rewards will be dropped and the security of the system gets reduced then people will not be interested to use POW. POS has the disadvantage that it provides free stake for adding the coins or adding the new blocks in the blockchain and one could use it for numerous times.

In addition, the POS 3.0 is furthermore powerful than POW as it will prevent the attacks from the outsiders or third party.

ORMX coins work on ORMX core that relies on the Proof of stake (POS) which is used for executing the smart contracts. POS architecture is a reliable technology which provides the surety that all bitcoins have the compatibility to run without any issues. Executing the smart contract in the Proof of stake POS will be executed which says that both Bitcoin and Ethereum will run properly.

Bitcoin v.s. Ethereum

Bitcoin (BTC) is the most popular and valuable cryptocurrency. The second most valuable currency is Ethereum (ETH) ; both of these are virtual currencies. Bitcoin and Ethereum somewhat have the same characteristics as both are virtual currencies and are traded in through online platforms. Also, these could be stored in the digital wallet of cryptocurrency. Both the currency is said to be a decentralised currency which states that it is not being controlled by an authority.

The blockchain technology develops both the Bitcoin and Ethereum as well also the blockchain can develop any technology. Ethereum was launched as a substitute for Bitcoin but regardless to it, Ethereum rises as a competitor to it.

Bitcoin provides the most secure currency, but there are no physical coins unlike Bank currencies one will only see the figures and trade it. Bitcoin is the most popular cryptocurrencies until now. Bitcoin uses POS which is GPU intensive thus wallets must be held with powerful systems and is inconvenient to carry.

Ethereum aims to provide the deployment of smart contracts and decentralised applications. Ethereum regulates and prevents fraud, downtime from the third person. It does not depend on GPU hence the size of the devices could be reduced and allows faster transaction of currencies.

Another difference is transactions in Ethereum have an executable code while bitcoin seeks for keeping notes.

ORMX coins enable the characteristics of the combination of both ETHEREUM virtual machine and Bitcoin core for the effective user interface so that miners will not undergo any problems in trading or adding blocks for the transaction.

Marketplace & Bitcoin Services / What Is ORMX And Its Different Uses?

« on: August 04, 2020, 10:15:11 AM »

Orbit Max: Taking crypto-trade to a level up.

The generation has flipped the coin to a different side, where everything is getting digital. As the digital era rises, adapting to modern tech-subject is mandatory to keep up with the competition.
The emergence of digital currencies and blockchain technology gave a major boom to several industries worldwide.

While on acid, there are controversial claims made by governments and financial authorities, vendors are making a big deal with the major cryptocurrencies like Bitcoin and Ethereum.

ORMX Token serves as a dedicated platform for the users to enjoy the best of features of both Ethereum and Bitcoin. The platform blends in the Ethereum Virtual Machine with the integration of Bitcoin to make cryptocurrency trading as convenient as possible.

OrbitMax Token delivers much faster transactions with its use of proof-of-stake and smart contracts to save time on every step of the process. Even if the volatility of these digital currencies and its ecosystem is not stable, the token will secure the processes under which you deal in either of these two cryptocurrencies.

Likely to Bitcoin, ORMX Token will play a much vital role with its utilization of the proof-of-stake architecture, making the proof-of-work structure less relevant.

Uses of ORMX Token

Taking the best features from the Ethereum Virtual Machine and the Bitcoin core, ORMX Token adds the reliability of smart contract to make itself a better option compared with both the mentioned digital currencies.

1. Balancing Liquidity with Transferability

Being a known fact, that the illiquid ecosystem of the crypto-industry. Be it Bitcoin or Ethereum, the unstable essence ends up in higher rates of volatility in the market, mostly when there are higher volume transactions made. Bitcoin faces fluctuation that differs in hundreds of dollars.
So, here is what ORMX Token did to make it less illiquid than before. It increases the transferability of digital currencies to balance liquidity. By doing this, ORMX Token enables to improve the speed of payment processing by making use of cryptocurrencies as a mode of payment.

It helps to make the digital currency more mobile to balance the liquidity and also helps in volatility stabilization.

2. Replacing Proof-of-work with proof-of-stake structure

There are several cons of cryptos which rise from the architecture of a digital currency affecting the transaction speeds. On one hand, Bitcoin is built on the basis of proof-of-work, while on the other, Ethereum is structured on proof-of-state, making it comparably faster than Bitcoin in the speed of the transaction.

Adapting the same faster feature from Ether, the Ethereum token, ORMX makes it ensure much greater transferability than other digital currency tokens.

Taking on the skin of Bitcoin and the soul of Ethereum, ORMX Token offers the value of storage and also works as a medium of exchange to make itself a safer and more reliable digital token.
With the transaction speed and volumes being well-managed, smart contract technology empowers ORMX to make secure and confidential transactions.

The Bottom Line…

Thanks to the combination of the best of the features of Ethereum and Bitcoin, OrbitMax Token is able to deliver much faster transactions. The integration of the bitcoin in the Ethereum Virtual Machine makes crypto trading both convenient and quick. Moreover, it presents a strong case for proof-of-stake architecture, making the proof-of-work structure less relevant.

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Announcements [ANN] / [ANN] - ORBIT MAX (ORMX): ORMX A MARK OF PRESTIGE

« on: July 28, 2020, 12:04:01 PM »

ORMX

Welcome To The World Of Crypto With Orbit Max (ORMX)!

Introduction to ORMX coin

Cryptocurrency market has seen tremendous growth in the past five years. The crypto market provides liquidity to the investors but it has not achieved the level that is provided by foreign exchange market. Bitcoin is the most popular and commonly traded cryptocurrency but it can not be used for payment processing. So the all-new ORMX coin has been created by the developers keeping in mind the payment processing needs. It can be traded within 24 seconds facilitating the online as well as the offline payments.

Technical features of ORMX coin

The coin has two types of keys for payments, the receivers trade through public key and the payers make the payment through their private keys. Its flexible algorithm makes processing payments easier. The cost of using ORMX coin is also lower than other modes of processing payments as the investor has to pay only one while acquiring the coin through an exchange. Its ERC20 tokenization system enables the buyer to tokenize their bitcoins and facilitate the trade. Introduction of ORMX coin will revolutionize the cryptocurrency market and facilitate online and offline payments.

For any questions regarding ORMX Token Contact us through email

Email:[email protected]