Orbitcoin (ORB) is another peer-to-peer cryptocurrency that works on the hybrid system of proof-of-work and proof-of-stake. Orbitcoin is decentralized and has a mission to help improve and support the scientific community. Through this alternative currency, developers behind it are banking on the users to help scientific research teams while trading and mining. Moreover, with a mission to make Orbitcoin (ORB) the currency that will be used not only on Earth but also in space, there’s just so much to expect from this online digital currency.
In order to begin trading and mining Orbitcoin, it’s essential to find the appropriate Orbitcoin Wallet for you. Whether you have Windows, Linux, Ubuntu, or you prefer to have a wallet that supports other languages, you will easily find an Orbitcoin Wallet for you. What’s even better is that it receives regular updates, so expect errors or bugs to be addressed right away should there be any.
Likewise, if you want your wallet to have instant coins, then it’s best that you go to the Orbitcoin Faucet available online and collect at least 0.025 coins.
Miners should be aware of the fact that this cryptocoin also uses the proof-of-stake system. This is to ensure security against threats that root from a monopoly on mining share. Moreover, there are one million coins stored in the foundation wallet, which is to add security against attempts to pre-mine.
Orbitcoin (ORB) is looking at a maximum coin cap of 31 million of which only 0.25 coins will be rewarded for every successfully mined block. This block reward will be halved every year until it reaches 0.00000001 ORB. New blocks will be generated every 30 seconds, and expect a linear Orbitcoin Difficulty adjustment per block.
Given the block reward, mining solo would be ideal so that you can get the whole reward straight to your wallet. But if you prefer joining an Orbitcoin Mining pool, you can find fully functional sites that offer such services. However, keep in mind that pool mining requires certain number of confirmations and pool fees. So, if you want to find out an estimate of your expected earnings inclusive of the pool fee, simply use an Orbitcoin Calculator.
Orbitcoin (ORB) is traded on exchanges like Cryptsy, Coins-E, and CoinedUp in the Bitcoin market. However, it’s evident that the Orbitcoin Price/Value trades weakly against Bitcoin, which is somewhat expected from an alternative cryptocoin. After all, its price is on the same level with most cryptocurrencies. Moreover, expect the Orbitcoin Exchange rate to fluctuate as it’s rather unstable in the market at present.