BaaS firm offering a full vary of NFT options primarily based on The RubiX blockchain is a number of occasions stronger in encryption than Bitcoin and Ethereum
LEWES, Del., March 01, 2021 (GLOBE NEWSWIRE) – RubiX, a large-scale Blockchain-as-a-Service (BaaS) and safety options firm, publicizes the launch of its Non-Fungible Tokens (NFT) utility primarily based on the extremely scalable RubiX blockchain supported by proprietary QR Code expertise that secures, authenticates and proves possession of digital and tangible belongings.
“There is no such thing as a hotter crypto product in the mean time than NFT because the market is rising exponentially day-to-day. In 2020, NFT buying and selling was value over $ 250 million, a rise of virtually 300% from 2019, ”stated Chakradhar Kommera, CTO at RubiX. “We purpose to make NFT extra accessible to our associate companies and customers usually. The RubiX app is shaking up the NFT panorama with a novel and irreplaceable answer primarily based on the RubiX blockchain over many of the applied sciences primarily based on the Ethereum blockchain, which is delicate to safety dangers and points corresponding to theft or lack of withdrawal keys.
Some great benefits of the RubiX blockchain embrace:
- Sensible and minimal nodes for PoW-based consensus
- Very scalable and several other occasions extra highly effective than Bitcoin and Ethereum
- Pace - every transaction is accomplished inside roughly 250ms. Every node can course of 4 transactions per second and the variety of nodes is just not capped
- Proprietary QR Code expertise that eliminates the danger of duplication of NFTs on platforms
- Decentralized Id Token (DID) which is split non-linearly into non-public and public shares
- NFTs could be launched and managed with minimal good contract code
- Capability to separate and retailer non-public keys not solely to enhance safety, but in addition to supply a robust restoration mechanism
The acceleration of NFT has been fueled by the necessity to sort out fraud and counterfeiting in artworks, however it’s now quickly adopted by different industries that may profit from a non-clonable digital certificates of authenticity. . RubiX NFT is a digital asset that can be utilized to show possession of digital and tangible items containing distinctive, simply verifiable data, making their replication unimaginable. The preferred utility of NFT at the moment stays digital artwork, however the RubiX NFT will also be utilized to industries corresponding to sporting items and souvenirs, luxurious items, actual property and monetary establishments. like asset administration, insurance coverage, funds and fintech.
RubiX Group is a worldwide safety firm based in 2012 that lately migrated all of its options to its personal open supply blockchain. Along with NFT purposes, the corporate offers a collection of safety options, decentralized passwordless identifiers (DIDs) and blockchain options on patented RubiX applied sciences. Companions embrace Sojitz Company, Web Initiative Japan (IIJ), Wipro, Fingerprints, Microsoft, Axis Financial institution, Cognizant, First Abu Dhabi Nationwide Financial institution, Abu Dhabi Nationwide Oil Firm (ADNOC), HCL Applied sciences and 20 different main international corporations with greater than 40 extra prospects within the pipeline.
The corporate plans to launch its public RubiX (RBX) chain within the second quarter of 2021, which would be the native protocol tokens for the RubiX blockchain and accessible for buy for enterprise and people who want to spend money on protocol tokens.
To study extra about RubiX and its NFT utility, or to buy tokens, go to www.rubix.community.
RubiX is a proof protocol that may scale with asynchronous parallelism to facilitate decentralized real-world purposes. Light-weight and cryptographically highly effective challenge-response algorithms are used for transaction validation. RubiX makes use of the light-weight, proof-of-work compliant PBFT rule for consensus permitting full nodes to run on all platforms (server, NAS, digital machines, PCs, built-in platforms, IoT and cellular). The platform leverages the real-world distributed file system (DFS) primarily based on content-based addressing for information storage.
RubiX primarily has two varieties of tokens: utility tokens generated with robust mathematical proof that are mined by nodes working to safe the community by storing proof (capped at lower than 50.7 million), and asset tokens which might signify any underlying asset or contract, together with NFTs. The RubiX chain is an aggregation of a number of chains of accounts current in parallel. Transactions attain consensus individually, which permits for asynchronous parallelism resulting in very excessive scalability. Account chains are linked by distinctive tokens and hashes of token chains.
Media contact / public relations:
Uproar PR for RubiX
312-878-4575 ext 246