Blockchain technology remain the most disruptive and revolutionary technology of the 21st century. A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically. No doubt it is an exciting new technology that has the potential to disrupt industries but at the same time current blockchain craze is causing an acute sense of anxiety among new and established businesses. The major causes of anxiety are:
The Blockchain size
Transaction data size
Confusion of beginning
“ROOT BLOCKCHAIN” born to address these problems.
Root Blockchain offers the first hybrid blockchain which have flexible options for both enterprise and retail customers.
Root Blockchain keep only cryptografic hashes of the transaction data and so it keeps the blockchain size small.
Since Root Blockchain have small blockchain size which reduce the transaction cost.
It allows to keep the data confidential if user does not want to make it available publicly.
Root Blockchain is integrated with secure vault which enable user upload data with the transaction. It offers multiple layers of security and privacy that a customer may opt.
It can be easily plugs into existing business setup and so reduce the transition cost.
How it Works:
1 Connect your existing solution with Root Blockchain engine, Blockchain as a Service(BaaS).
2 Choose Private/Consortium/Public Blockchain (Flexible options for both enterprise and retail customers).
3 Root engine API would help you to store the digital fingerprint of data to blockchain(API driven).
ICO and Token Distribution detail :
Root Blockchain has planned 3 phases of ICO. Below is the summaries view of ICO Phases :
Visit the links below for more information:
Bitcoin Talk at https://bitcointalk.org/index.php?topic=2996868.0
Twitter – https://twitter.com/RootBlockchain
Official Facebook – https://www.facebook.com/rootbchain
Authored by Lelvin