/* eslint-disable no-unused-vars */
import React, { useEffect } from "react";
import { Box, Text, Image } from "@chakra-ui/react";
import { Avatar, AvatarBadge, AvatarGroup } from "@chakra-ui/react";
import banner from "../../assets/images/articleInternalbanner.png";
import Chip from "../Chip/Chip";
import Footer from "../Footer/Footer";
import { ChevronRightIcon } from "@chakra-ui/icons";
import x from "../../assets/images/x.png";
import linked from "../../assets/images/linked.png";
import github from "../../assets/images/github.png";
import tele from "../../assets/images/tele.png";
import reddit from "../../assets/images/reddit.png";
import fb from "../../assets/images/fb.png";
import profile from "../../assets/images/profile.png";

const ArticleInternalTwo = () => {
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  return (
    <>
      <Box
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          color="white"
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          <Text
            textAlign={"center"}
            className="rubix-text-heading-2 rubix-fw-600"
          >
            Rubix: The Sustainable Blockchain Solution — a Green Initiative
          </Text>

          <Text textAlign={"center"} className="rubix-text-xsmall rubix-fw-500">
            Business Growth January 5, 2023
          </Text>

          <Box display={"flex"} gap={3} textAlign={"center"}>
            <Avatar size="lg" name="Dan Abrahmov" src={profile} />

            <Box
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              display={"flex"}
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              alignItems={"start"}
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              className="rubix-text-xsmall rubix-fw-500"
            >
              <Text>Gokul P S</Text>
              <Text>Core Blockchain Developer</Text>
            </Box>
          </Box>
        </Box>
        {/* ========[ Banner ]======= */}
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            <Text className="rubix-text-xsmall">Share</Text>

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            <Box display={"flex"} gap={5} justifyContent={"start"}>
              <Chip title="INSIGHT" />
              <Chip title="BLOCKSPACE" />
            </Box>

            <Box pt={5} pb={5}>
              <Text pb={5} fontSize="xl">
                Rubix is a Web 3.0-enabled, immutable, truly decentralized
                blockchain solution, using a Proof-chain Protocol that can scale
                with Asynchronous Parallelism and support real-world
                decentralized applications. Rubix has developed a superior
                consensus mechanism ‘Proof-of-Pledge’ (PoP) — a lightweight
                algorithm, which reduces carbon emissions by 100%. The PoP is
                highly scalable as it can run on laptops, desktops, and other
                IoT devices. Its on-chain validation makes the network
                immutable. The platform also offers instant validation and
                finality of transactions with a speed of 253.5M tps. Its
                flexible, sub-net architecture makes it an ideal choice for
                data-intensive applications, especially in the fields of DeFi,
                NFTs, DeWifi, DeCloud, and even GRC. Moreover, Rubix has
                recently introduced the “Green Blockchain Initiative’’ to
                capitalize on its carbon-neutral mechanism that puts Blockchain
                Sustainability at its forefront.
              </Text>
            </Box>

            <Box pt={5}>
              <Text mb={5} className="rubix-fw-700" fontSize="5xl">
                Introduction
              </Text>
              <Text pb={5} fontSize="xl">
                The immutable blockchain technology has emerged as one of the
                most captivating technological innovations of the past decade,
                which has found widespread utility across multiple sectors like
                finance, education, businesses, and more. This distributed
                ledger technology, Blockchain, has notably come a long way from
                its initial use case in cryptocurrencies like Bitcoin and
                Ethereum. Apart from attracting countless individuals to
                speculate for-profits, blockchain has, over time, also enabled
                businesses to optimize their processes for cost-cutting. But,
                the growth has a price. Energy consumption by cryptocurrencies
                has become the latest flashpoint. Every blockchain consumes
                electricity depending on the consensus algorithm used to mine it
                for trading or spending.
              </Text>
              <Text pb={10} pt={5}>
                <img
                  width={"100%"}
                  src="https://www.rubix.net/wp-content/uploads/bitcoin-intro.webp"
                />
              </Text>
              <Text fontSize="xl">
                At present, Bitcoin is using approximately 177.43 TWh of
                electricity, while Ethereum’s consumption lies at about 79.69
                TWh annually. Their mining processes also generate carbon
                emissions — another environmentally disastrous price we pay for
                their widespread use. Therefore, environmentally-conscious
                investors desperately need an alternative blockchain that
                supports their sustainability cause. One such next-generation,
                peer-to-peer, web-scale, sustainable L1 blockchain is “Rubix”.
              </Text>
            </Box>
            <Box pt={5}>
              <Text
                style={{ marginBottom: 6 }}
                className="rubix-fw-700"
                fontSize="3xl"
              >
                What makes Rubix suitable for ESG Applications?
              </Text>
              <Text pb={5} fontSize="xl">
                The Rubix Network has become a pioneer of sustainable
                blockchains by developing and deploying the Proof-of-Pledge
                (PoP) consensus mechanism. This proprietary mechanism makes
                Rubix the first-ever enterprise-level Zero Carbon Footprint
                blockchain alternative.
              </Text>
              <Text pb={10} pt={5}>
                <img
                  width={"100%"}
                  src="https://www.rubix.net/wp-content/uploads/pop-consensus.webp"
                />
              </Text>
              <Text pb={5} fontSize="xl">
                Following are the key benefits of the PoP consensus mechanism:
              </Text>
              <Text mb={3} className="rubix-fw-500" fontSize="2xl">
                Offers High Scalability
              </Text>
              <Text pb={5} fontSize="xl">
                Rubix’s Parallel on-chain architecture allows millions of
                transactions to be performed simultaneously on millions of
                lightweight nodes. Every node can perform over four transactions
                per second, as every transaction takes approximately 250ms.
                Through the PoP mechanism, Rubix has attempted to utilize the
                unused CPU capacity of laptops, desktops, and mobile devices.
                This makes the network ultra-scalable and remarkably fast. The
                PoP mechanism also enables Rubix to carry out these transactions
                at zero gas fees with zero carbon emissions, unlike Bitcoin and
                Ethereum that use the Proof-of-Work and Proof-of-Stake
                mechanism, respectively, requiring high energy consumption.
              </Text>
              <Text mb={3} className="rubix-fw-500" fontSize="2xl">
                Eliminates Classic Problems
              </Text>
              <Text pb={5} fontSize="xl">
                The PoP consensus mechanism eradicates common blockchain
                problems like double-spending, gas fees, latency issues, or
                network congestion. In the case of Rubix, every laptop/device is
                considered a node in itself. It not only keeps the network
                lightweight but also prevents double-spending. Moreover, it
                prevents any congestion in the network. Since the network is
                lightweight, it becomes energy efficient. Also, the high
                transaction processing speed avoids any energy wastage, thereby
                ensuring the sustainability of the entire network.
              </Text>
              <Text mb={3} className="rubix-fw-500" fontSize="2xl">
                Ensures High Security and Privacy
              </Text>
              <Text pb={5} fontSize="xl">
                Rubix uses a patented ‘Non-Linear Secret Sharing’ Cryptography,
                which is a million times more secure than the ECDSA 256 used by
                Bitcoin or Ethereum. Additionally, the on-chain customizable
                smart contracts make it unhackable, even by quantum computers.
                Additionally, the PoP consensus mechanism helps mine tokens by
                ensuring zero carbon footprints. Overall, it offers higher
                security than any other competitive blockchain network.
              </Text>
              <Text mb={3} className="rubix-fw-500" fontSize="2xl">
                Eco-friendly Tokens
              </Text>
              <Text pb={5} fontSize="xl">
                The unique Proof-of-Pledge mechanism also ensures that 100% of
                Rubix tokens are eco-friendly and created for the purpose of
                mining only, not monetization. These tokens are designed in a
                manner to enable real-world adoption. Therefore, despite higher
                demand, the tokens will not increase in value. They are
                deflationary, and thus, sustainable in the long run.
              </Text>
              <Box pt={5} pb={5}>
                <Text mb={4} className="rubix-fw-500" fontSize="4xl">
                  Market Potential for ESG
                </Text>
                <Text pb={5} fontSize="xl">
                  In light of recent events concerning climate change and
                  increased carbon footprints, the concept of environmental
                  stewardship is gaining greater significance. Investors,
                  shareholders, and other stakeholders have become increasingly
                  cautious about every company’s activities and their impact on
                  society. Transparency and factual representation of
                  businesses’ environmental and social impacts have become a
                  crucial part of every company’s financial statements. These
                  are recorded in terms of the ESG (Environmental, Social and
                  Governance) criteria, which is underway to become standardized
                  and mandatory.
                </Text>
                <Text pb={5} fontSize="xl">
                  The Securities Exchange Commission is soon expected to publish
                  an ESG compliance manual. According to Bloomberg, by 2025, the
                  total ESG assets may hit $53 trillion, one-third of the global
                  assets under management. Additionally, research suggests that
                  purpose-driven, sustainable brands perform 175% better than
                  the crowd. These trends suggest that sustainability will be at
                  the forefront of any company’s fundamental analysis.
                </Text>
                <Text mb={4} className="rubix-fw-500" fontSize="4xl">
                  Blockchain in ESG: Use Cases
                </Text>
                <Text pb={5} fontSize="xl">
                  With increasing focus on the concept of the environmental and
                  social impact of business operations, the various stakeholders
                  closely watch how their company is striving to create
                  long-term value by focusing on “sustainability as captured by
                  ESG metrics.” However, the current system of ESG reporting is
                  highly inconsistent, non-standardized, and poorly verified.
                  Therefore, most businesses, big or small, lack accountability
                  in the ESG space. Interestingly, blockchain technology offers
                  an immutable, real-time shareable, and verifiable space to
                  record ESG impacts of a company, its carbon credits, climate
                  credits, and much more, thereby bringing transparency and
                  increased accountability in ESG reporting.
                </Text>
                <Text pb={5} fontSize="xl">
                  In addition to ESG reporting, blockchain also contributes to
                  various industries like:
                </Text>
              </Box>
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                <Text pb={5} fontSize="xl">
                  Education: for secure record-keeping of degree certificates,
                </Text>
                <Text pb={5} fontSize="xl">
                  Politics: to ensure tamper-proof national e-voting systems,
                </Text>
                <Text pb={5} fontSize="xl">
                  Transparent and Ethical Supply chains- to track the movement
                  of raw materials and avoid conflicts
                </Text>
                <Text pb={5} fontSize="xl">
                  Healthcare: for securely storing national health data
                </Text>
              </Box>
              <Box pt={5} pb={5}>
                <Text pb={5} fontSize="xl">
                  Democracy Systems: for enabling individuals’ participation in
                  democratic voting systems, and much more.
                </Text>
                <Text pb={5} fontSize="xl">
                  These were a few use-case examples demonstrating how
                  Blockchain can pave the way to become an enabler of ESG
                  protocols.
                </Text>
                <Text pb={5} fontSize="xl">
                  Rubix is one such energy-efficient, 100% carbon neutral
                  blockchain that aims to become an enabler of ESG criteria in
                  the blockchain space.
                </Text>
              </Box>
              <Box pt={5} pb={5}>
                <Text mb={4} className="rubix-fw-500" fontSize="4xl">
                  How does the Rubix App Platform work?
                </Text>
                <Text pb={5} fontSize="xl">
                  As against the sequential transaction architecture used by
                  Bitcoin or Ethereum, Rubix processes transactions in an
                  asynchronous parallel way. Every transaction gets verified and
                  finalized individually without being pooled with unrelated
                  transactions. The native utility tokens of Rubix are capped at
                  51.4M. The network uses a Proof-of-Pledge (PoP) protocol
                  wherein all network nodes pledge to become validators. This
                  mining protocol makes Rubix eco-friendly and free of carbon
                  emissions.
                </Text>
                <Text pb={5} fontSize="xl">
                  Rubix is built to enable decentralized applications that in
                  turn power real-world applications. The platform is set to
                  transform the data-storage and other industries by offering
                  web 3.0-enabled digital commerce solutions. It will enable
                  enterprises to build secure subnets on one public chain. It
                  also aims to revolutionize industries like Decentralized Data
                  Storage, Supply Chain Management, NFTs, Digital Rights
                  Management, Decentralized Identity (DiD), and Decentralized
                  Finance (DeFi) by offering sustainable and energy-efficient
                  solutions, unlike its competitors.
                </Text>
                <Text pb={5} fontSize="xl">
                  Therefore, Rubix is a far-sighted blockchain platform that is
                  better than its competitors in every aspect. To further
                  penetrate the ESG space, Rubix has established a strategic
                  partnership with Grounded, USA, a leading marketing firm
                  helping global brands to achieve and communicate the purpose
                  and ESG goals, and FINAO, USA, a digital technology company
                  helping organizations drive digital adoption. Together, they
                  aim to help leading global brands to achieve ESG impact by
                  providing cutting-edge, sustainable, enterprise-level
                  blockchain solutions.
                </Text>
              </Box>
              <Box pt={5} pb={5}>
                <Text mb={4} className="rubix-fw-500" fontSize="4xl">
                  Conclusion
                </Text>
                <Text pb={5} fontSize="xl">
                  By the end of 2022, Rubix looks forward to enabling more than
                  100 applications and, over time, emerge as the largest
                  platform with millions of validators & transactions. The
                  pioneering technology, when combined with environmentally
                  sustainable solutions, will only produce synergized results
                  for the platform itself, as well as its clients. With such
                  immense potential, Rubix is prepared to become a major enabler
                  of growth in the Web3.0 economy and revolutionize the way
                  individuals and institutions perceive blockchain and
                  sustainability.
                </Text>
                <Text
                  pb={5}
                  fontSize="xl"
                  position={"relative"}
                  marginLeft={"30px"}
                  _before={{
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                    width: "100%",
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                    // zIndex: "2",
                    left: "-14px",
                    borderLeft: "3px solid #DE858E",
                    zIndex: "2",
                    height: "30px",
                  }}
                >
                  This article is published on behalf of Rajkumar Kotha @ Rubix;
                  rk@rubix.network
                </Text>
              </Box>
            </Box>
          </Box>
        </Box>
      </Box>
      <Footer />
    </>
  );
};

export default ArticleInternalTwo;
