What’s special about the Railz protocol is that the ‘negotiated consensus’ capabilities allow what are essentially today ‘dumb’ IoT devices to start carrying out sophisticated negotiations with each other on a peer-to-peer basis without human interaction. For example, it could enable self-driving cars to negotiate to buy and sell and trade electricity with charging stations in a sophisticated manner where the pricing varied with the amount of electricity being bought or sold, at a specific location at a specific time.Internet
|Price||1 ETH = 5,000 RLZ|
|ICO Start Date||01 May 2018|
|ICO End Date||30 May 2018|
A decentralised next-generation transaction protocol for machines, designed to scale.
Decentralised using the Ethereum blockchain and designed to scale. Next-generation consensus algorithm allows machines to ‘negotiate’ rather than simply agree or disagree. Enables IoT devices to self-organise and configure themselves into complex supply chains. Transmission protocol delivers 30x throughput on Ethereum network under test conditions.
Our goal is to enable a trillion IoT devices to be able to conduct sophisticated commerce, self-organise into supply chains, trade autonomously without human intervention.
Yellow Paper RFC-1 released.
Technical Yellow Paper RFC-2 released.
Railz White and Yellow (Technical) Papers - Public Release.
Main Token sale to the public opens 1 June.
Production Blockchain deployed.
|Price in ICO||1 ETH = 5,000 RLZ|
|Tokens for Sale||500000000|
|Distributed in ICO||25%|
|Soft cap||6,200 ETH|
|Hard cap||100,000 ETH|