Rubius Overview

What is Rubius?

Rubius is both the name of our company and our cryptocurrency coin. The Rubius coins are a cryptocurrency operating on the Ethereum blockchain platform. They are designed to operate as a currency similar to bitcoin and ether. Our company, Rubius Inc., is a blockchain software startup located in Tampa, Florida, USA. We are focused on developing cryptocurrency products, services, and solutions to help advance the blockchain industry and spur economic development.

Why The World Needs Rubius ?

Our company will begin as a software startup but will transition into a new world bank, offering trustless financial services to the masses through our consumer-facing software. The world needs Rubius because the traditional banking model is dying. The old-world model depends entirely on trust, which will at some point no longer be sufficient as it is difficult to fully vet and trust billions of people; and the world population is growing exponentially. This traditional model is leaving 1.7 billion adults unbanked, limiting economic development and innovation worldwide.

Through Rubius, we will harness the power of the blockchain and provide every person in the world with essential financial services. Rubius was born because nearly every “wallet” or “exchange” solution so far is extremely haphazard and not user-friendly. Thus, our focus will be 100% on quality. We will make simple, easy-to-use intuitive software that will enable mass adoption of cryptocurrency and blockchain technology.

Rubius Blockchain Infrastructure

In the future, we plan on developing our own blockchain infrastructure, which will be an improved version of Ethereum. Similar to Ethereum, our infrastructure will be an open-source, public, blockchain-based distributed computing platform and operating system with smart contract (scripting) functionality. However, the goal of our blockchain platform is to be more energy-efficient and more viable for long-term data storage.

To make the platform more energy-efficient, we plan to use computational science and numerical methods to lessen the processing power needed by the Rubius Virtual Machine (RVM). These methods will make the platform cleaner (more ecofriendly) and will make Rubius mining more lucrative. To make the platform more viable for long-term data storage, we plan to incorporate sharding protocols as they will make the blockchain more durable and scalable.

Our platform will be called “Rubius” and we plan on migrating the Rubius ERC20 coins from the Ethereum platform to the Rubius platform by pausing trades, then manually exchanging the assets. Afterwards, the Rubius coins or Rubies will become the main currency of the platform and will act as fuel or “gas” for the network, similar to ether on Ethereum.

Because Rubius will be first modeled as an Ethereum variant, it will initially use Merkle trees, for security reasons, to improve scalability, and to optimize transaction hashing. By design, the Rubius blockchain will be extremely secure and have a high Byzantine fault tolerance. To improve upon Ethereum’s design, we will consider the viability of using other hash trees to replace the Merkle Tree (e.g. the Tiger tree hash) or may consider inventing our own novel binary tree. We plan on devoting a significant budget towards cryptography research & development (R&D), hoping to build upon the work of Ralph Merkle by developing innovative public-key systems which could be used in conjunction with decentralized applications.

Aryl

Aryl is an open-source Ethereum wallet and payment platform. Aryl will be very similar to PayPal’s Venmo app, although it will have the added benefit of cryptocurrency storage and trading. Aryl will make cryptocurrency simpler to acquire and use, and it will protect people’s money from the risks of the unstable crypto-markets by using its Volatility Shield feature.

Aryl’s main purpose is to make cryptocurrency and blockchain technology more accessible, consumer-friendly, and risk-free. As with any new technology, it will take cryptocurrency and blockchain some time to catch on with the general public. To encourage adoption, the Aryl app will feature an intuitive layout so people can immediately start to use it with no prior training required.

Inside Aryl, users can access their decentralized Ethereum wallets, which support thousands of cryptocurrencies. Users will also have the ability to access our centralized crypto-exchange, Rubiex. By signing up for Rubiex, users can buy, sell, and trade select cryptocurrencies directly from the Aryl app. The Rubiex exchange will also be utilized for the Volatility Shield feature.

Token Information

Token RUBY

Price 1 ETH = 7,000 RUBY

Bonus Available

Bounty Available

MVP/Prototype Available

Platform Ethereum

Accepting ETH

Minimum investment 0.05 ETH

Country USA

Whitelist/KYC KYC

SOFTCAP REACHED : https://rubius.io/

SUMMARY & CONCLUSION

There are over 1.7 billion unbanked adults in the world who are forced to operate in a cash or barter system which promotes crime and corruption. Cryptocurrency solves all of the problems necessary to bank the world and provide everyone with common financial services.

Although bitcoin was invented almost a decade ago, mass adoption of cryptocurrency has not yet taken place due to one massive problem: the software is terrible. None of the crypto- wallets are designed as consumer-friendly payment apps. Instead, they are all rushed low- quality products developed solely for their ICO, and most likely will never see a single update or improvement.

Therefore, Rubius plans to develop consumer-facing financial software that will utilize cryptocurrency and blockchain technology.

Our primary product, Aryl, will be an easy-to-use payment application which will utilize decentralized crypto-wallets, as well as provide access to our cryptocurrency exchange, called Rubiex. Our applications will be powered by Rubius coins, which is our own cryptocurrency that is being offered in our ICO in order to raise the funds needed to develop our software.

After producing these initial products, we will expand our business to include a wide-range of financial products and services, such as offering equity trading on Rubiex, providing banking services through Aryl, and developing merchant services (i.e. POS Software, Payment Gateways, etc.).

In the future, after implementing all of our financial products and banking the world, we plan to change our focus to blockchain R&D. We plan on creating our own blockchain infrastructure and becoming the world’s first decentralized internet provider.