ardibimbimBlogNews: Root Blockchain-The Future of Blockchain

FUTURE OF BLOCKCHAIN

Root Blockchain hides blockchain complex from business and provides simple API to interact with blockchain.

Root Blockchain uses a unique mechanism to increase transaction confirmation rates on blockchain, while at the same time keeping costs low. Only digital fingerprints of actual transaction data are stored in blockchain. The actual data storage itself is optional. If data storage is selected, Root Blockchain provides separate secure secure digital safes for encrypted data storage. How the project creates value for the ecosystem and differs from competing projects.

Root Blockchain offers several business models: Private Blockchain - Customers can choose to have their own dedicated blockchain, where only their transactions will be. Consortium Blockchain - A private blockchain for two or more parties. The consortium is ideal for connecting customers and vendors. Secure encrypted data storage is provided as an optional feature. It is related to, but is physically separated from the actual blockchain. All Root Blockchain offerings are wrapped in API layers that ensure that the business can easily be up and running in a minimal amount of time.

PROBLEM

The current blockchain craze causes FOMO's acute sense among new and established businesses. The main causes of anxiety are:

Complexity - Blockchain technology involves a very new vocabulary. This has made cryptography more important, but a highly specialized industry is full of jargon.
Blockchain Size - The size of a blockchain is a problem because the full node must store all the transactions that ever happened to the blockchain. This directly affects the operating speed of the blockchain.
Size of transactional data - This will increase the blockchain size as well as increase transaction costs.
Prohibited costs - Everyone wants to adopt blockchain technology, but the cost prohibits many of us from doing this.
Initial Confusion - The main drawback of blockchain is Confusion as to where to start, especially how to integrate blockchain into outgoing IT infrastructure.

SOLUTION

Root Blockchain aims to solve this problem with unique offers - Blockchain as a Service (BaaS) - the first hybrid blockchain with several flexible options.
It is a well known fact that transaction costs on BitCoin are increasing rapidly to the point when they eventually become economically unfeasible. At the same time, the time required for a transaction to get a confirmation also increases. This is just one example of what crippled the current blockchain solution in the market.
Root Blockchain makes it easy for businesses to start with blockchain. Flexible business models, coupled with well-documented and low-cost APIs allow businesses to easily install Root Blockchain into existing settings and begin to benefit from blockchain technology. In addition, Root Blockchain offers several layers of data security and privacy that customers can choose.

Unique Root Blockchain O Ring:

Complete complexity through Blockchain as a Service (BaaS) - Root Blockchain provides the first hybrid blockchain with flexible opon for both enterprise and retail customers. This Segregaon will make it pretty easy.
Complete blockchain size - Root makes blockchain size smaller by using unique mechanisms - only cryptographic hashes from transaction data stored in blockchain.
Low transaction costs - Storing actual data is optional. Because transaction costs are directly proportional to the volume of data, by not storing data, users can keep their transaction costs low.
Keep data confidential - This is also useful if the data is confidential and users do not want it publicly available.
Complete the size of the transaction data - Root Blockchain is fully driven by the API, which means that businesses can benefit from blockchain technology without the hassle and associated costs. Just connect your existing business to the Root API and go.
Secure vault - If users need to upload data together with transactions, Root Blockchain integrates with secure safe for encrypted digital asset storage.
Low cost allows businesses - Root Blockchain makes it easy for businesses to start with blockchain. It's easily connected to outgoing settings and starts reaping the benefits of blockchain technology.
Efficiency - Root Blockchain uses a unique mechanism to increase transaction confirmation rates on blockchain while at the same time keeping costs low.
Storage Facilities - Only digital fingerprints from actual transaction data stored in blockchain. The actual data storage itself is optional. If data storage is selected, Root Blockchain provides separate secure secure digital safes for encrypted data storage.

HOW IT WORKS

MULTIPLE BENEFITS

Since only small digital fingerprints are actually stored in Root Blockchain, the overall size will be much smaller than the other blockchain and therefore, the operating speed in Root Blockchain will be much faster. This in turn means that businesses can take advantage of faster feedback to confirm their transactions.

Because ultimately blockchain users pay for storage, by making optional storage, Root Blockchain provides its users with a way to reduce their overall costs. It has the added benefit that a business can choose to keep confidential data within its physical limits while at the same time taking advantage of the origin and truth of the data that the blockchain offers.

BUSINESS MODELS

Private Blockchain - Customers can choose to have their own dedicated blockchain, where only their transactions will be.

Consortium Blockchain - A private blockchain for two or more parties. The consortium is ideal for connecting customers and vendors.

Secure encrypted data storage is provided as an optional feature. It is related to, but is physically separated from the actual blockchain. All Root Blockchain offerings are wrapped in API layers that ensure that the business can easily be up and running in a minimal time frame.

TOKEN SALES

THE ROOT BLOCKCHAIN ICO - Root Blockchain will launch a gradual ICO from March 2018. The objective of ICO is to increase investment for development efforts. A complete road map of Root Blockchain is published on its website.

In addition to the actual investment, investors will also be able to use tokens purchased during ICO to pay for transactions sent to Root Blockchain.

DETAILS OF THE TOKEN: