Rubix Blockchain, a L1 green blockchain protocol for peer-to-peer data transfer and transactions, has received $100 million investment from LDA Capital, a global alternative investment group. Rubix will use the funds to grow its global operations, support the transition to Web3, and expand its green blockchain community.
Rubix is a Layer 1 blockchain protocol for peer-to-peer data transfer and transactions. With operations in Singapore, India, the United Kingdom, United Arab Emirates and the United States, Rubix is a Web scale protocol with Zero transaction fees, minimal infrastructure costs, high security & privacy.
With less than 1 kWh per transaction, Rubix has one of the lowest energy consumptions among all computing networks. Rubix software can be freely downloaded on any PC or virtual machine. The Rubix community has over 12,500 validators.
The Rubix Proofchain addresses the shortcomings of traditional blockchain protocols for a cost-effective, reliable, accessible and green chain of all global transactions. Rubix uses “Proof-of-Pledge” to process transactions, a clean alternative to the mining-intensive Proof-of-Work (PoW) or unreliable Proof-of-Stake (PoS) methods. The Proof-of-Pledge architecture allows each transaction to achieve finality without expensive, energy-intensive processes that plague other systems.
Commenting on Rubix, Warren P. Baker III, managing partner at LDA Capital, said that Rubix is a gamechanger for international transactions.
According to Warren, the environmentally friendly crypto framework of Rubix and its focus on leveraging the Web3 technology to address some of the biggest issues society faces today, makes it different from other blockchains.
This isn’t just a coin, it’s a true transformation in how online transactions are processed.”
Warren P. Baker III, managing partner at LDA Capital
Rubix will use the funds to optimize growth in the Web3 space, expand education opportunities, policy development, and Web2 to Web3 transition – enabling partners to build various apps on the platform including those that address social and environmental issues.
Rubix revealed in a press statement shared with AlexaBlockchain that the company has also planned to use the funds to increase internal operations including hiring of employees from around the globe to support the extension of Rubix’s ecosystem.
KC Reddy, founder & chief architect of Rubix, said:
“Rubix is, first and foremost, a community; this investment will allow us to grow that community and expand our green blockchain as a shared platform upon which partners can build any number of solutions. Our unique architecture makes Web 3 and even Web 5 accessible and attainable for anyone leaning into decentralization.”
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