Advanced DecentralizedBlockchain Platform
Based on Proof of Authority (POA) consensus mechanism. Building a transparent, efficient, and scalable blockchain ecosystem.
Key Features of Ruby Blockchain
Leveraging Proof of Authority consensus for enterprise-grade performance and security
High Performance
Deterministic block production and limited validator set enable rapid transaction processing with low latency.
Energy Efficient
Eliminates resource-intensive mining processes, making it an environmentally sustainable blockchain solution.
Ethereum Compatible
Fully compatible with Ethereum ecosystem, enabling developers to leverage existing tools and smart contracts.
Simple Governance
Streamlined governance mechanisms for straightforward management of validators and network operations.
Scalable Architecture
Optimized for scalability to handle increasing transaction volumes and support extensive DApps.
Developer Friendly
Robust documentation, APIs, and standardized token protocols for seamless DApp development.
Three-Layer Architecture
Carefully designed to ensure efficiency, scalability, and flexibility
Storage Layer
Securely manages and stores blockchain data including account states, transactions, and smart contract details.
- • Advanced storage mechanisms
- • High performance data retrieval
- • Data reliability and integrity
Core Layer
Manages transaction processing, smart contract execution, and Proof of Authority consensus mechanism.
- • Trusted validator network
- • High throughput processing
- • Low latency operations
Application Layer
Gateway for developers to deploy and execute decentralized applications and smart contracts.
- • Developer tools and interfaces
- • Seamless DApp integration
- • User engagement features
Ruby Protocol Advantages
Fast Blocking Time
Blocks generated every 3 seconds for high transaction throughput
Rapid Finality
Transactions achieve finality within 10 seconds or less
Fee-Based Rewards
No inflation - validator rewards from transaction fees
Ethereum Compatibility
Supports existing Ethereum dApps and tools
Validator System
Trusted network of validators ensuring security and efficiency
Top K validators serving as the active validator set, responsible for block production and validation.
- • Block production and validation
- • Highest responsibility tier
- • Regular performance reviews
Validators ranked between K+1 and K+N serving as standby nodes, ready to replace active validators.
- • Backup validator pool
- • Eligible for promotion
- • Maintain network readiness
Regular review and updates of validator sets based on governance and performance rankings.
- • Transparent selection process
- • Regular performance evaluation
- • Community governance input
Validator Accountability
Rewards & Incentives
- • Transaction fee distribution
- • Daily reward allocation
- • Performance-based incentives
- • Delegator reward sharing
Penalties & Slashing
- • Double signing detection
- • Unavailability penalties
- • Malicious voting consequences
- • Validator removal protocols
Decentralized Governance
Community-driven decision making for network evolution
Temperature Check
Off-chain sentiment gathering using platforms like Snapshot for initial community feedback.
- • Any RUBY holder can submit proposals
- • Community discussion and signaling
- • Sufficient backing required to proceed
Final Decision Voting
On-chain voting by validators and staked participants to accept or reject proposals.
- • On-chain voting mechanism
- • Validator and stakeholder participation
- • Binding implementation decisions
Governance Benefits
Decentralized Decision Making
Stakeholders actively participate in shaping the network's future
Incentivized Participation
Voters earn rewards for participating in governance
Flexible Delegation
Users can delegate voting rights to trusted representatives
Transparent Execution
Time-lock period ensures secure and transparent implementation
White Paper Version 2.0
Ruby Protocol Version 1.0 - September 26, 2023, Dubai, U.A.E.
Vision
Building a Transparent and Efficient Blockchain Ecosystem. Ruby is an ambitious and forward-thinking initiative designed to revolutionize the blockchain ecosystem by leveraging the Proof of Authority (PoA) consensus mechanism.
The project's vision centers on creating a transparent, inclusive, and highly efficient platform that serves as the foundation for decentralized applications (DApps) and services.
Community Resources
Tokenomics
An overview of the total and circulating supply
Total Supply
Circulating Supply
Our Leadership Team
Meet the talented individuals driving innovation and excellence in our organization.
Alex Richard
CEO
Role
Chief Executive Officer
John Hill
Joint CEO
Role
Joint Chief Executive Officer
Roshni Keshari
CIO
Role
Chief Innovation Officer
Deepak Yadav
COO
Role
Chief Operating Officer
Vinod Sharma
Technical Research & Business Development
Role
Exchange Relations
Pravin Karale
Solidity Developer & Protocol Engineer
Role
Blockchain Development
William Henry
Blockchain Security Engineer / Auditor
Role
Security & Auditing
Femi Eaton
Web3 Product Designer
Role
UI/UX Design