Rubix token listed on the European Whitebit Exchange

Crypto site is latest to feature Rubix Proofchain asset

WASHINGTON–(BUSINESS WIRE)–Rubix Blockchain Pte Ltd (Rubix) today announced the listing of the Rubix token on the European exchange Whitebit. Founded in Ukraine, Whitebit is Europe’s largest centralized international crypto-fiat exchange with over two million registered users. Whitebit has set itself the goal of achieving mass adoption of blockchain technology and expanding the crypto community by providing a secure and easy-to-use trading platform.

“Joining the Whitebit exchange is a natural fit for Rubix,” said KC Reddy, Founder and Chief Architect of Rubix. “Web3’s promise will be delivered using Rubix’s green blockchain technology. The world is waking up to the potential that blockchain platforms like Rubix have and we are excited to expand our reach in association with Europe’s leading crypto exchange.

The Rubix Proofchain is designed to solve the scale, cost, and privacy issues associated with blockchain protocols that rely on a sequentially organized chain of all global transactions. Other protocols require exhaustive and inefficient Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus algorithms that improve energy efficiency, but at the expense of transaction certainty. PoW and PoS protocols require each node to store the entire transaction history, resulting in significant storage inefficiencies.

In contrast, Rubix Proofchain, or “Proof of Pledge”, processes transactions parallel and asynchronously. Each transaction achieves its purpose on its own without waiting to be grouped with unrelated transactions. Rubix Native Utility Tokens (RBT) are capped at 51.4 million in total. Thanks to Rubix’s revolutionary Proofchain architecture, the network does not require expensive miners or overwhelming intervenors with proof-of-stake protocols to maintain network integrity.

Mahesh Ramanujam, Global Advocate for Blockchain Technology, said: “Of the many applications of Rubix’s green blockchain technology, perhaps one of the most exciting is the potential for standardizing ESG and climate risk assessment for achieve a greenhouse gas-free economy. Rubix is ​​poised to be a leader at this critical global time to address the impacts of climate change.

Whitebit is the latest exchange to offer the Rubix token. It joins Nomics and LBank and platforms such as CoinGecko and CoinMarketCap.

About Rubix Blockchain Pte Ltd: Rubix is ​​a layer 1 blockchain protocol for data transfer and peer-to-peer transactions. Present in Singapore, India, UK, UAE and USA, Rubix is ​​a web-scale protocol with zero transaction fees, minimal infrastructure costs, security and high confidentiality. With less than 1 kWh per transaction, Rubix has one of the lowest power consumptions of any computer network. Rubix software can be freely downloaded to any PC or virtual machine. The Rubix community has over 12,500 validators.


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Mary I. Bruner