Rupto Blockchain
Decentralized network for distributed finance & tokenization
Last updated
Decentralized network for distributed finance & tokenization
Last updated
Rupto blockchain is a distributed network for decentralized finance, tokenization and to deploy scalable dApps on its unique architecture. RPT is native governance and staking token of Rupto blockchain, enabling decentralized network effects and high-end security for protocol.
The architecture of Rupto blockchain is Ideal for tokenization of real world assets such as tradable assets & commodities, real-estate, exchange funds and other financial instruments. It customized oracle solutions for connecting off-chain data to the blockchain. Rupto Blockchain works efficiently and securely in a permissionless environment with hundreds of users allowed to join the network at any time without any vetting or permission.
Rupto Blockchain has native token RPT for governance and network operations like staking, paying for transaction gas, and other network activity.
Rupto blockchain uses pure Proof-of-Stake (PoS) for transaction verifications. Although the core infrastructure of Rupto protocol utilize Proof-of-Asset Security (PoAS) for token distribution and economic valuation.
Rupto protocol uses the Proof-of-Asset Security (PoAS) by leveraging blockchain technology and its outlining solutions. This model is designed for cross-transferring data applications from off-chain to blockchain. The core idea of Rupto protocol is connecting physical assets to blockchain and distributing it with tokenization.
Proof-of-Stake algorithm achieve consensus by requiring users to stake an amount of their token, RPT in the case of Rupto, as to have a chance of being selected to validate blocks of transactions. In exchange, these validators are rewarded with fresh new tokens and incentives from gas fee of each transaction they verify.
Proof-of-Work (PoW) is the first blockchain consensus mechanism to be introduced and is still arguably the most popular choice in achieving distributed network goals. However, it has several disadvantages like high-end computation requirements, electricity consuming and the threat of centralisation by mining pool. These drawbacks of PoW accelerated the need for alternate consensus mechanisms like Proof-of-Stake (PoS).
The goal of every consensus algorithm of the blockchain network is to achieve decentralization in order to create a secure system whereby users are incentivised to validate other peoples’ transactions while maintaining complete integrity.
In Proof-of-Stake consensus, the miner of a new block is chosen in a semi-random, two-part process. The first thing to be considered in this selection process is a miner’s stake. Every validator must own a stake in the network to be able to participate in the mining process. The staking involves depositing a fixed amount of tokens into the system contract, locking it in what you can think of as a virtual safe, and using it as a collateral to vouch for the block mining. The higher stake, the better their chance of being selected to mine the blocks, since they’d have more skin in the game.
Then comes the process of ‘randomness’ in consensus to the semi-random selection process. This process of choosing a random validator differs from blockchain to blockchain. Among all methods, the two most commonly used methods are Randomized Block Selection where forgers are selected by looking for users with a combination of the lowest hash value and highest stakes, and Coin Age Selection method on the other hand chooses validators based on how long their tokens have been staked for. However, these two methods are not only methods of selecting validators. Some developers combines both these methods while others are experimenting with other customized methods.
In the majority of PoS blockchain networks, the incentive to participate in the block validating process is a payout in the form of transaction fees and block rewards. In the case of Rupto blockchain, participants are incentivized with RPT tokens. Rupto Blockchain follows the lowest fee possible model as its business model is not solely dependent on transaction fees. It requires almost less than a cent to transact on the Rupto blockchain. From the transaction fee, 25% goes to the developer fund which is used to empower and incentivize the developer community of the Rupto ecosystem.
As being an EVM compatible blockchain, Rupto blockchain allows one click deployment and easy integrations of Ethereum based dApps.
The transactions on Rupto blockchain are faster than other L1 blockchain networks.
Rupto architecture increases the transaction counts along with network capacity to achieve linear scaling.
It requires less energy to run a Rupto blockchain node compared to other blockchain networks.
Find out the functionality & core features of Rupto Blockchain:
EVM CompatibilityGasSharding