Root Blockchain platform provides a simple API for interacting with blockchain through a unique offer - Blockchain as a service (BaaS) - the first hybrid blockchain with great opportunities for both retail and corporate customers. Through this platform, a seller and a buyer can interact without intermediaries. For the first time, these transactions were separated from a transaction itself, which contributed to the emergence of low-cost and high-speed implementation of blockchain.
Blockchain is an exciting new technology that represents new business opportunities. However, blockchain system has a number of shortcomings, namely:
1. Complexity. Blockchain technology includes an entirely new set of terms and actions. This made cryptocurrency more popular, but this highly specialized industry is incomprehensible to a simple user. Root Blockchain is going to start a revolution in modern blockchain technology and make it available.
2. The amount of work of the system. This directly affects the speed of operations performed on the blockchain. Root Blockchain only stores the digital transaction data code to reduce its size.
3. The size of a transaction data. This affects the size of the blockchain, and also increases transaction costs. Root Blockchain completely removes transactional data, which results in a low-cost implementation of high-speed blockchains.
The project was launched in the 4th quarter of 2017 with market research and finding flaws in the blockchain industry and, as a consequence, the need for Blockchain as a service (BaaS). In the first half of 2018, MVP Root Blockchain was developed. To attract investment to the project, the creators will conduct a crowdsale, which will last until the end of May. To successfully launch and operate the project, the creators plan to include the platform in the listing on major exchanges, launch the integration of Root Blockchain through Ethereum and the software for retailing Root Blockchain Vault. In 2019, the platform will be introduced to the market of Russia and the CIS. By 2020, the platform plans to enter the markets of the United States, Europe and Asia.
Crowdsale project takes place within three stages. The first stage lasted during March, the second - during April. Depending on the timing of the purchase of tokens, the bonuses were awarded. In early May, the third stage of the ICO started,allowing to buy one platform token for $0.03 with 2% bonus. It is necessary to collect 30 million dollars within the project, of which 15 million will be sold during the last stage. To implement the third stage, 2.5 billion tokens are issued.
The released tokens are distributed in the following way: 72% are allocated to the ICO, 10% - to the project investors, 14% - to the team, and 4% - to marketing expenses.
The funds collected during crowdsale, will be used in the following needs of the project:
- 50% - for the development of the project;
- 25% - for marketing expenses and bonuses paid to investors;
- 18% - for operating expenses;
- 7% - for the reserve.
To get started to work through the platform, you need to connect your business with the Root Blockchain mechanism to the (BaaS). Next, you need to choose an appropriate option for work - Private / Consortium / Public Blockchain (flexible options for corporate and retail customers).
Thus, Root Blockchain is able to solve many business problems. Root Blockchain works completely through the API, which enables companies to take advantage of blockchain technology without the accompanying complexities. To work through the platform, you simply need to connect the existing business to the Root API.
Website: https://rootblockchain.io/
White Paper: https://rootblockchain.io/RootCoin.pdf
Telegram: https://t.me/root_blockchain
Facebook: https://www.facebook.com/rootbchain
Twitter: https://twitter.com/RootBlockchain
Medium: https://medium.com/@info_73971/root-blockchain-a1e5c3d6fa1b
ANN: https://bitcointalk.org/index.php?topic=2996868.
Author: https://bitcointalk.org/index.php?action=profile;u=980049