What is better and different about Railz compared to other Blockchain protocols (such as BTC and ETH)? Railz Follow May 22, 2018 · 3 min read

Since the history of man, improvement and sophistication occurs as technology disrupts technology. We thought we’ve seen it all when the internet came, until internet 2.0, blockchain was created. The advent of this decentralized ledger technology and it disruptive ability has overtaken the world we live in. Being an open source distributed ledger, it has the ability to securely store anything of value as well as take power from centralized authorities and diabolical oligarchs and hand the direction of affairs over to the common people.

This technology is the underlying force driving Bitcoin, the very first blockchain protocol courtesy of Satoshi Nakamoto, which created the ‘Internet of Money’. With it, banks and institutions that controls and monitors the transfer of money between two parties are rendered obsolete via disintermediation. This decentralized financial system aims to change the financial industry through the use of digital currencies, allowing parties to interact directly and with a high measure of speed and anonymity.

Apart from Bitcoin, Ethereum is another leading blockchain protocol that has created the ability to put fully programmable Turing complete code otherwise referred to as Smart Contracts on the blockchain. This innovation gives individuals the ability to create their own cryptocurrency (tokens), Decentralized Applications (DApps) and projects that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions and many other things that have not been invented yet, all without a middleman or counterparty risk.

As much as gone into the “Internet of Money” and others, little has been said about blockchain technology disrupting the idea that we will become a networked society with our houses, cars, gadgets and devices interacting with one another seamlessly: ‘Internet of things’. This is what Railz, A decentralized next-generation transaction protocol for machines aims to achieve.

Relying on the ability of Ethereum in creating smart contracts, Railz aim to create a next generation consensus algorithm that allows machines and devices to effectively negotiate, sef-organize and configure themselves into complex supply chains.

To achieve this, Railz aim to use a high throughput up to 30x on the Ethereum blockchain and Machine-negotiated consensus to create a step beyond the regular smart contract to deliver highly sophisticated negotiations between machines and devices.

This will enable trust to be created between parties and devices, reduce the risk of collusion and tampering, replaces the need for centralized authorities and middlemen and allows permissionless peer-to-peer activities and transactions. All these are similarities between Railz and other blockchain protocols.

What makes Railz better and different:

Machine-To-Machine Negotiated Consensus

Railz enables 50 billion + devices to reach an optimized consensus between these Machines autonomously on a peer-to-peer basis without human intervention.

High Throughput

Railz can achieve 20–30 times higher throughput than the current Ethereum network and is capable of improving performance further to reach 100–1000x faster throughput.

M2M Trading

Ability to enable M2M trading of IOT devices accordingly, first of it kind and a novel innovation projected to be the 3rd major breakthrough in Blockchain technology after the advent of Bitcoin and Ethereum.

You are advised to be a part of this awesome project by participating in the ICO as it is the next big thing in the world of Blockchain technology.

Want to learn more? Watch the accompanying video https://bit.ly/2keY4Eh

Join the whitelist and be sure you don’t miss out http://railz.org/whitelist