Altcoins Talks - Cryptocurrency Forum
Wider Crypto World => Marketplace & Bitcoin Services => Topic started by: ormx on August 04, 2020, 10:15:11 AM
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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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