Dubai, March 21, 2022 — The LBank exchange, a global digital asset trading platform, will list Rubix (RBT) on March 23, 2022. For all users of LBank, the RBT and Tether (USDT) trading pair will be officially available at noon UTC.

Blockchain protocols such as Bitcoin and Ethereum with exhaustive mining-based proof-of-work (PoW) consensus algorithms often cause high latency, low throughput and high transaction costs, while proof-of-stake (PoS) consensus protocols suffer from concentration and security issues. Designed to address these shortcomings, Rubix (RBT) introduces a proof-of-pledge (PoP) protocol and Proofchain that processes transactions in an asynchronous parallel manner, making it highly scalable, superfast and eco-friendly.

Introducing Rubix

Rubix is a layer-1 blockchain protocol consisting of thousands of Proofchains that always adhere to one global state without needing centralized coordinators. The architecture is modular, where apps and enterprises can build subnets, merge them and detach them all on a public chain with one swarm key. 

Rubix is built to facilitate decentralized applications that power real-world commerce at a significant scale on a decentralized network. Subnets and app chains can be built easily on Rubix’s decentralized public chain at zero gas fees. It introduces a PoP protocol that leverages the best of PoW and PoS while avoiding their failings. The mining protocol of Rubix is eco-friendly and lightweight enough to run on laptops, desktops and virtual machines.

The Proofchain of Rubix processes transactions in an asynchronous parallel manner; each transaction achieving finality on its own without waiting to be pooled with unrelated transactions, which makes it faster. Moreover, 6.8 million Proofchains can scale concurrently now and in-parallel on Rubix and every node can be in a private subnet — yet always adding up to one global public state, providing privacy, immutability and global provenance.

In addition, Rubix features a post-quantum cheating immune algorithm that facilitates multi-party computation using non-linear secret sharing, and it’s the only chain where every wallet starts with a pseudonymous, programmable decentralized identity at layer 1 so that users can build apps with immutable and secured identities.

With these advanced features and technologies, the community of Rubix is building various projects currently such as environmental, social and corporate governance carbon-credit provenance; smarter nonfungible token platforms with lower gas fees and higher security; smart-toll management solutions for fraud prevention; property tokenization in the metaverse and real estate; secure central bank digital currency subnets and stablecoins with lower fees; decentralized domain-name-system, multi-factor authentication and Know Your Customer solutions; and so on.

About RBT 

RBT is the native-utility token of Rubix, which is necessary to perform a peer-to-peer transaction on the chain and is also used as a reward to incentivize miners. It’s capped at about 51.4 million in total, and tokens are mined in perpetuity. 

With Rubix’s breakthrough Proofchain architecture, the network does not require expensive miners or overpowering stakeholders with PoS protocols to maintain the network’s integrity. Rubix nodes can be set up even on a laptop with basic specifications, and most computing nodes in the world would be eligible for mining. Early app developers can earn pre-created tokens based on the speed of transactions on their applications. Validators can also earn utility tokens based on their PoP.

Investors who are interested in Rubix can easily buy and sell RBT on LBank soon. The listing of RBT on LBank will undoubtedly help it further expand its business and draw more attention in the market.

Learn more about RBT

About LBank 

LBank, founded in 2015, is an innovative global trading platform for various crypto assets. It provides its users with safe crypt- trading, specialized financial derivatives and professional asset management services. It has become one of the most popular and trusted crypto trading platforms, with more than 6.4 million users from more than 210 regions worldwide.

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LBK Blockchain Company Limited

LBank exchange