Root Blockchain

June 07, 2018

Blockchain is a decentralized database system and a shared digital record that stores data in chronological order. Blockchain provides the ability to exchange value without the participation of a third party. There is no Central authority that controls this information. Information is added or updated through the community.

Root Blockchain is a leader in modern blockchain technology. Blockchain technology has made it possible to separate transaction data from the transaction itself, which led to low-cost and high-speed implementation of blockchain. Storing the digital fingerprint of the transaction data made it possible.

How it works

Root Blockchain generates a digital fingerprint of the transaction data and stores only this fingerprint in the blockchain. The actual data is stored separately and linked to the transaction. This unique mechanism results in a tiny transaction footprint size that translates into a massive twofold advantage for the end user:

Blockchain is a technology that has great potential, but there are also reasons for concern :

Complexity. Blockchain has made cryptography more common, but the highly specialized industry is full of jargon.
The size of the blockchain is a problem because the full node will have to store all the transactions that ever happened on the blockchain. This directly affects the speed of operations on the blockchain.
The size of the transaction data adds to the size of the blockchain and increases transaction costs.
High cost.
Confusion about where to start, first of all, how to integrate blockchain into an exisng IT infrastructure.

Root Blockchain could solve the above problems :

Resolve complexity by using the Blockchain as a Service (BaaS). Root Blockchain offers the first hybrid blockchain with flexible options for corporate and retail customers.
Resolve the blockchain size. The platform uses a unique mechanism-cryptographic hashes of transaction data are stored in blockchain.
Low transaction cost - storage of actual data is optional.
Data confidentiality
Secure storage. Root Blockchain is completely API driven. Simply connect your exisng business to the Root API and get going.
Low costs. It easily plugs into exisng setup and start reaping the beneﬁts of blockchain technology.
Efficiency. Root Blockchain employs a unique mechanism to increase the speed of transaction conﬁrmation on the blockchain, while at the same time keeping the costs low.
Storage facility. Only digital ﬁngerprints of the actual transaction data are stored in the blockchain.

Advantages

Root Blockchain oﬀers several business models:

Private Blockchain – Customers may choose to have their own dedicated blockchain, where only their transactions will reside.
Consortium Blockchain – A private blockchain for two or more pares. Consortiums are ideal for linking customers and vendors.
Secure - Encrypted data storage is provided as an optional feature. This is linked to, but physically decoupled from the actual blockchain.

Working procedure of Root Blockchain

First of all, the users (retail customers and enterprises) need to link the engine of root blockchain with their current blockchain solutions.
Then they need to select either the consortium or the public or the private blockchain, as per their requirements.
Finally they need to store the digital fingerprint of the API driven blockchain data. This is normally done with the help of its root engine API.

Roadmap

DETAILS OF THE TOKEN

Token Name: RootBlockchain Token
Heart: RBC
Type: ERC20 (Ethereum Blockchain)
Total Offering: 2 500 000 000 RBC
Softcap: USD 1,000,000
Hardcap: $ 30,000,000
Sale of chips: from March 1st to June 31st
Purchases received: ETH
Price: 1 RBC = 0.01 USD - 0.03 USD
Country: India

The initial coin offering, is the biggest trend in cryptocurrency. ICO are regularly used to fund new cryptocurrencies development. This pre-sale token can be traded and exchanged with other cryptocurrencies. Initial coin offering is greater used for the crypto project development fund by means of liberating token that is incorporated into the assignment to some extent. After this, ICO has turn out to be an instrument that could revolutionize currency and the whole financial system. Such tokens can become the share and securities in the future.

SALE OF TOKENS

ROOT BLOCKCHAIN ICO - Root Blockchain will launch a progressive ICO starting in March 2018. ICO's goal is to increase investment for development efforts. A complete Root Blockchain roadmap is posted 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.

PHASE ICO 1

From March 1st
End of March 31
Target USD 5 million
Price $ 0.01 USD
Bonus 6%

PHASE ICO 2

From April 1st
End of April 31
Target $ 10 million USD
Price $ 0.02 USD
Bonus 4%

PHASE ICO 3

From May 1
End of May 31
Target of 15 million USD
*Price $ 0.03 USD
*Bonus 2%

TOKENS EXTRA

35% more if the quantity is greater than 5
30% more if the quantity is greater than 3 ether
25% more if the quantity is greater than 2 ether
20% more if the quantity is greater than 1 ether
10% additional chips for registered users
5% extra chips if you register from someone's referral code
5% extra chips from your referrals

Team

Root Blockchain is being developed by a team of experts with vast knowledge in the blockchain domain (web and blockchain projects, crypto market, top ICO advisors, digital marketing, software).