mirror of
https://github.com/WDI-Ideas/rubix.git
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435 lines
20 KiB
JavaScript
435 lines
20 KiB
JavaScript
/* eslint-disable no-unused-vars */
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import React, { useEffect } from "react";
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import { Box, Text, Image } from "@chakra-ui/react";
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import { Avatar, AvatarBadge, AvatarGroup } from "@chakra-ui/react";
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import banner from "../../assets/images/articleInternalbanner.png";
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import Chip from "../Chip/Chip";
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import Footer from "../Footer/Footer";
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import { ChevronRightIcon } from "@chakra-ui/icons";
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import x from "../../assets/images/x.png";
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import linked from "../../assets/images/linked.png";
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import github from "../../assets/images/github.png";
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import tele from "../../assets/images/tele.png";
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import reddit from "../../assets/images/reddit.png";
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import fb from "../../assets/images/fb.png";
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import profile from "../../assets/images/profile.png";
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const ArticleInternalTwo = () => {
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useEffect(() => {
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window.scrollTo(0, 0);
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}, []);
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return (
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<>
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<Box
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bg="#000000"
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height={"auto"}
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display={"flex"}
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gap={7}
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justifyContent={"center"}
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alignItems={"center"}
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flexDirection={"column"}
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color="white"
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>
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<Box
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bg="#000000"
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minHeight={"60vh"}
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width={"50vw"}
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display={"flex"}
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gap={5}
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justifyContent={"end"}
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alignItems={"center"}
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flexDirection={"column"}
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color="white"
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>
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<Text
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textAlign={"center"}
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className="rubix-text-heading-2 rubix-fw-600"
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>
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Rubix: The Sustainable Blockchain Solution — a Green Initiative
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</Text>
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<Text textAlign={"center"} className="rubix-text-xsmall rubix-fw-500">
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Business Growth January 5, 2023
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</Text>
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<Box display={"flex"} gap={3} textAlign={"center"}>
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<Avatar size="lg" name="Dan Abrahmov" src={profile} />
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<Box
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textAlign={"start"}
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display={"flex"}
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flexDirection={"column"}
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alignItems={"start"}
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justifyContent={"center"}
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className="rubix-text-xsmall rubix-fw-500"
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>
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<Text>Gokul P S</Text>
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<Text>Core Blockchain Developer</Text>
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</Box>
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</Box>
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</Box>
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{/* ========[ Banner ]======= */}
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<Box
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height={"70vh"}
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width={"85vw"}
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backgroundImage={`url(${banner})`}
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backgroundRepeat={"no-repeat"}
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backgroundSize={"cover"}
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position="relative"
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>
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<Box
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position="absolute"
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top={0}
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left={0}
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width="100%"
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height="100%"
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backgroundColor="rgba(0, 0, 0, 0.5)"
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/>
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</Box>
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<Box
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bg="#000000"
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width={"85vw"}
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height={"auto"}
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display={"flex"}
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pb={"60px"}
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gap={5}
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justifyContent={"center"}
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alignItems={"center"}
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flexDirection={"column"}
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color="white"
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position={"relative"}
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>
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<Box
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position={"absolute"}
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top={0}
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left={0}
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display={"flex"}
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flexDirection={"column"}
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alignItems={"center"}
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gap={2}
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>
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<Text className="rubix-text-xsmall">Share</Text>
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<Image cursor={"pointer"} mb={4} w={6} h={6} src={tele} />
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<Image cursor={"pointer"} mb={4} w={6} h={6} src={x} />
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<Image cursor={"pointer"} mb={4} w={6} h={6} src={fb} />
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<Image cursor={"pointer"} mb={4} w={6} h={6} src={linked} />
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</Box>
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<Box
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bg="#000000"
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width={"68vw"}
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height={"auto"}
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display={"flex"}
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flexDirection={"column"}
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gap={5}
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justifyContent={"start"}
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color="white"
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>
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<Box display={"flex"} gap={5} justifyContent={"start"}>
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<Chip title="INSIGHT" />
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<Chip title="BLOCKSPACE" />
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</Box>
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<Box pt={5} pb={5}>
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<Text pb={5} fontSize="xl">
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Rubix is a Web 3.0-enabled, immutable, truly decentralized
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blockchain solution, using a Proof-chain Protocol that can scale
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with Asynchronous Parallelism and support real-world
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decentralized applications. Rubix has developed a superior
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consensus mechanism ‘Proof-of-Pledge’ (PoP) — a lightweight
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algorithm, which reduces carbon emissions by 100%. The PoP is
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highly scalable as it can run on laptops, desktops, and other
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IoT devices. Its on-chain validation makes the network
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immutable. The platform also offers instant validation and
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finality of transactions with a speed of 253.5M tps. Its
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flexible, sub-net architecture makes it an ideal choice for
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data-intensive applications, especially in the fields of DeFi,
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NFTs, DeWifi, DeCloud, and even GRC. Moreover, Rubix has
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recently introduced the “Green Blockchain Initiative’’ to
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capitalize on its carbon-neutral mechanism that puts Blockchain
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Sustainability at its forefront.
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</Text>
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</Box>
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<Box pt={5}>
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<Text mb={5} className="rubix-fw-700" fontSize="5xl">
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Introduction
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</Text>
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<Text pb={5} fontSize="xl">
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The immutable blockchain technology has emerged as one of the
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most captivating technological innovations of the past decade,
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which has found widespread utility across multiple sectors like
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finance, education, businesses, and more. This distributed
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ledger technology, Blockchain, has notably come a long way from
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its initial use case in cryptocurrencies like Bitcoin and
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Ethereum. Apart from attracting countless individuals to
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speculate for-profits, blockchain has, over time, also enabled
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businesses to optimize their processes for cost-cutting. But,
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the growth has a price. Energy consumption by cryptocurrencies
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has become the latest flashpoint. Every blockchain consumes
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electricity depending on the consensus algorithm used to mine it
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for trading or spending.
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</Text>
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<Text pb={10} pt={5}>
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<img
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width={"100%"}
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src="https://www.rubix.net/wp-content/uploads/bitcoin-intro.webp"
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/>
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</Text>
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<Text fontSize="xl">
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At present, Bitcoin is using approximately 177.43 TWh of
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electricity, while Ethereum’s consumption lies at about 79.69
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TWh annually. Their mining processes also generate carbon
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emissions — another environmentally disastrous price we pay for
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their widespread use. Therefore, environmentally-conscious
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investors desperately need an alternative blockchain that
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supports their sustainability cause. One such next-generation,
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peer-to-peer, web-scale, sustainable L1 blockchain is “Rubix”.
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</Text>
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</Box>
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<Box pt={5}>
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<Text
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style={{ marginBottom: 6 }}
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className="rubix-fw-700"
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fontSize="3xl"
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>
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What makes Rubix suitable for ESG Applications?
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</Text>
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<Text pb={5} fontSize="xl">
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The Rubix Network has become a pioneer of sustainable
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blockchains by developing and deploying the Proof-of-Pledge
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(PoP) consensus mechanism. This proprietary mechanism makes
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Rubix the first-ever enterprise-level Zero Carbon Footprint
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blockchain alternative.
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</Text>
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<Text pb={10} pt={5}>
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<img
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width={"100%"}
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src="https://www.rubix.net/wp-content/uploads/pop-consensus.webp"
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/>
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</Text>
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<Text pb={5} fontSize="xl">
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Following are the key benefits of the PoP consensus mechanism:
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</Text>
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<Text mb={3} className="rubix-fw-500" fontSize="2xl">
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Offers High Scalability
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</Text>
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<Text pb={5} fontSize="xl">
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Rubix’s Parallel on-chain architecture allows millions of
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transactions to be performed simultaneously on millions of
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lightweight nodes. Every node can perform over four transactions
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per second, as every transaction takes approximately 250ms.
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Through the PoP mechanism, Rubix has attempted to utilize the
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unused CPU capacity of laptops, desktops, and mobile devices.
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This makes the network ultra-scalable and remarkably fast. The
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PoP mechanism also enables Rubix to carry out these transactions
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at zero gas fees with zero carbon emissions, unlike Bitcoin and
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Ethereum that use the Proof-of-Work and Proof-of-Stake
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mechanism, respectively, requiring high energy consumption.
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</Text>
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<Text mb={3} className="rubix-fw-500" fontSize="2xl">
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Eliminates Classic Problems
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</Text>
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<Text pb={5} fontSize="xl">
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The PoP consensus mechanism eradicates common blockchain
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problems like double-spending, gas fees, latency issues, or
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network congestion. In the case of Rubix, every laptop/device is
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considered a node in itself. It not only keeps the network
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lightweight but also prevents double-spending. Moreover, it
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prevents any congestion in the network. Since the network is
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lightweight, it becomes energy efficient. Also, the high
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transaction processing speed avoids any energy wastage, thereby
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ensuring the sustainability of the entire network.
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</Text>
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<Text mb={3} className="rubix-fw-500" fontSize="2xl">
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Ensures High Security and Privacy
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</Text>
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<Text pb={5} fontSize="xl">
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Rubix uses a patented ‘Non-Linear Secret Sharing’ Cryptography,
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which is a million times more secure than the ECDSA 256 used by
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Bitcoin or Ethereum. Additionally, the on-chain customizable
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smart contracts make it unhackable, even by quantum computers.
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Additionally, the PoP consensus mechanism helps mine tokens by
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ensuring zero carbon footprints. Overall, it offers higher
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security than any other competitive blockchain network.
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</Text>
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<Text mb={3} className="rubix-fw-500" fontSize="2xl">
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Eco-friendly Tokens
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</Text>
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<Text pb={5} fontSize="xl">
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The unique Proof-of-Pledge mechanism also ensures that 100% of
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Rubix tokens are eco-friendly and created for the purpose of
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mining only, not monetization. These tokens are designed in a
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manner to enable real-world adoption. Therefore, despite higher
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demand, the tokens will not increase in value. They are
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deflationary, and thus, sustainable in the long run.
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</Text>
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<Box pt={5} pb={5}>
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<Text mb={4} className="rubix-fw-500" fontSize="4xl">
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Market Potential for ESG
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</Text>
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<Text pb={5} fontSize="xl">
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In light of recent events concerning climate change and
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increased carbon footprints, the concept of environmental
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stewardship is gaining greater significance. Investors,
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shareholders, and other stakeholders have become increasingly
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cautious about every company’s activities and their impact on
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society. Transparency and factual representation of
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businesses’ environmental and social impacts have become a
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crucial part of every company’s financial statements. These
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are recorded in terms of the ESG (Environmental, Social and
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Governance) criteria, which is underway to become standardized
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and mandatory.
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</Text>
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<Text pb={5} fontSize="xl">
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The Securities Exchange Commission is soon expected to publish
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an ESG compliance manual. According to Bloomberg, by 2025, the
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total ESG assets may hit $53 trillion, one-third of the global
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assets under management. Additionally, research suggests that
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purpose-driven, sustainable brands perform 175% better than
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the crowd. These trends suggest that sustainability will be at
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the forefront of any company’s fundamental analysis.
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</Text>
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<Text mb={4} className="rubix-fw-500" fontSize="4xl">
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Blockchain in ESG: Use Cases
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</Text>
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<Text pb={5} fontSize="xl">
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With increasing focus on the concept of the environmental and
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social impact of business operations, the various stakeholders
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closely watch how their company is striving to create
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long-term value by focusing on “sustainability as captured by
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ESG metrics.” However, the current system of ESG reporting is
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highly inconsistent, non-standardized, and poorly verified.
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Therefore, most businesses, big or small, lack accountability
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in the ESG space. Interestingly, blockchain technology offers
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an immutable, real-time shareable, and verifiable space to
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record ESG impacts of a company, its carbon credits, climate
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credits, and much more, thereby bringing transparency and
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increased accountability in ESG reporting.
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</Text>
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<Text pb={5} fontSize="xl">
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In addition to ESG reporting, blockchain also contributes to
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various industries like:
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</Text>
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</Box>
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<Box pt={5} pb={5}>
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<Text pb={5} fontSize="xl">
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Education: for secure record-keeping of degree certificates,
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</Text>
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<Text pb={5} fontSize="xl">
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Politics: to ensure tamper-proof national e-voting systems,
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</Text>
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<Text pb={5} fontSize="xl">
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Transparent and Ethical Supply chains- to track the movement
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of raw materials and avoid conflicts
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</Text>
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<Text pb={5} fontSize="xl">
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Healthcare: for securely storing national health data
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</Text>
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</Box>
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<Box pt={5} pb={5}>
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<Text pb={5} fontSize="xl">
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Democracy Systems: for enabling individuals’ participation in
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democratic voting systems, and much more.
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</Text>
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<Text pb={5} fontSize="xl">
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These were a few use-case examples demonstrating how
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Blockchain can pave the way to become an enabler of ESG
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protocols.
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</Text>
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<Text pb={5} fontSize="xl">
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Rubix is one such energy-efficient, 100% carbon neutral
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blockchain that aims to become an enabler of ESG criteria in
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the blockchain space.
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</Text>
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</Box>
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<Box pt={5} pb={5}>
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<Text mb={4} className="rubix-fw-500" fontSize="4xl">
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How does the Rubix App Platform work?
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</Text>
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<Text pb={5} fontSize="xl">
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As against the sequential transaction architecture used by
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Bitcoin or Ethereum, Rubix processes transactions in an
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asynchronous parallel way. Every transaction gets verified and
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finalized individually without being pooled with unrelated
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transactions. The native utility tokens of Rubix are capped at
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51.4M. The network uses a Proof-of-Pledge (PoP) protocol
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wherein all network nodes pledge to become validators. This
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mining protocol makes Rubix eco-friendly and free of carbon
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emissions.
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</Text>
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<Text pb={5} fontSize="xl">
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Rubix is built to enable decentralized applications that in
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turn power real-world applications. The platform is set to
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transform the data-storage and other industries by offering
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web 3.0-enabled digital commerce solutions. It will enable
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enterprises to build secure subnets on one public chain. It
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also aims to revolutionize industries like Decentralized Data
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Storage, Supply Chain Management, NFTs, Digital Rights
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Management, Decentralized Identity (DiD), and Decentralized
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Finance (DeFi) by offering sustainable and energy-efficient
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solutions, unlike its competitors.
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</Text>
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<Text pb={5} fontSize="xl">
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Therefore, Rubix is a far-sighted blockchain platform that is
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better than its competitors in every aspect. To further
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penetrate the ESG space, Rubix has established a strategic
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partnership with Grounded, USA, a leading marketing firm
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helping global brands to achieve and communicate the purpose
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and ESG goals, and FINAO, USA, a digital technology company
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helping organizations drive digital adoption. Together, they
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aim to help leading global brands to achieve ESG impact by
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providing cutting-edge, sustainable, enterprise-level
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blockchain solutions.
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</Text>
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</Box>
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<Box pt={5} pb={5}>
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<Text mb={4} className="rubix-fw-500" fontSize="4xl">
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Conclusion
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</Text>
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<Text pb={5} fontSize="xl">
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By the end of 2022, Rubix looks forward to enabling more than
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100 applications and, over time, emerge as the largest
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platform with millions of validators & transactions. The
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pioneering technology, when combined with environmentally
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sustainable solutions, will only produce synergized results
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for the platform itself, as well as its clients. With such
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immense potential, Rubix is prepared to become a major enabler
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of growth in the Web3.0 economy and revolutionize the way
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individuals and institutions perceive blockchain and
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sustainability.
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</Text>
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<Text
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pb={5}
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fontSize="xl"
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position={"relative"}
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marginLeft={"30px"}
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_before={{
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content: '""',
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width: "100%",
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position: "absolute",
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// left: "0",
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// borderLeft: "1px solid #DE858E",
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// zIndex: "2",
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left: "-14px",
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borderLeft: "3px solid #DE858E",
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zIndex: "2",
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height: "30px",
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}}
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>
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This article is published on behalf of Rajkumar Kotha @ Rubix;
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rk@rubix.network
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</Text>
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</Box>
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</Box>
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</Box>
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</Box>
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</Box>
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<Footer />
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</>
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);
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};
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export default ArticleInternalTwo;
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