😇 Blockchain as a Service
Rubix and how it enables peer-to-peer data transfers and transactions without utilizing too much energy
Today's Highlights
- Rubix - easy data transfer on the blockchain
- Learn - a couple of courses to further your knowledge in crypto.
- In Other News - a few interesting developments we're tracking.
Rubix - easy data transfer on the blockchain
Rubix is a Layer 1 blockchain protocol for peer-to-peer data transfer & transactions. With operations in Singapore, India, the United Kingdom, United Arab Emirates and the United States, Rubix is a Web scale protocol with Zero transaction fees, minimal infrastructure costs, high security & privacy. With less than 1 kWh per transaction, Rubix has one of the lowest energy consumptions among all computing networks. Rubix software can be freely downloaded on any PC or virtual machine.
Rubix’s Layer 1 blockchain protocol for peer-to-peer data transfer and transactions is lightweight enough to be run on laptops, desktops, and virtual machines. Every node can be a validator while running normal business transactions in parallel. Rubix subnets offer enterprises flexibility, privacy, and agility to process their internal transactions while providing transparency on the chain. Unlike Ethereum and others, Rubix has no gas fees for its transactions, which is key to maintaining energy-efficient and low-carbon operations. There are countless ways for customers to derive value out of their platforms ranging from advertising and publishing to education. However, one example of particular interest is corporations leveraging this blockchain technology to reduce emissions. Organizations are feeling market pressure to set new ESG goals, particularly those that will help combat the impacts of climate change. Web3 presents an opportunity to accelerate the implementation of programs that will help meet tangible goals and improve transparency and reporting. Rubix, as a green blockchain, is an ideal platform for the development of the applications needed to facilitate the execution of those enterprise ESG programs.
Rubix is the first green blockchain platform in the world. It is highly energy efficient. Rather than using the traditional Proof-of-Work or Proof-of-Stake (both of which are energy-intensive and result in significant storage inefficiencies because they require every node to store an entire transaction history), they have created Proof-of-Pledge, where each transaction achieves finality on its own without waiting to be pooled with unrelated transactions and so the network doesn’t require expensive or energy-intensive miners. This is much less storage-intensive and energy-intensive than the alternative methods. It’s truly revolutionary.
Monolithic chains like Ethereum all scale vertically, while Rubix scales horizontally with parallelism. Another differentiator for Rubix is that other chains are unable to solve the Blockchain trilemma. This means that they are only able to meet two of the three required conditions: scalability, security, and decentralization. Rubix is the only platform able to solve this trilemma thanks to our green peer-to-peer architecture.
📚 Learn
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Alex and Don Tapscott
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University of Michigan
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In Other News
Oliver Knight
Prashant Jha
Christian Encila