Intro to Rumito

Rumito is a high-performance, scalable, and secure smart-contract platform.

It is designed to overcome the limitations of previous generation blockchain platforms.

Rumitois permissionless, decentralized, and open-source.

Lachesis, its revolutionary aBRT consensus mechanism, allows Rumito to be much faster and cheaper than older technologies, yet extremely secure.

Why Rumito?

The birth of Bitcoin in 2009 represented a big step forward in technology and a further move towards a more efficient society. However, Bitcoin was not built to scale, and its consensus mechanism—the engine that powers the blockchain—is limited by design.
Current solutions make trade-offs between three components: scalability, security and decentralization. This is known as the blockchain trilemma.

Bitcoin for example focuses on decentralization and security, which makes it less suited for any kind of transaction that requires speed and fast confirmation, like day-to-day payments, data transfer, asset trading or other transactions consumers and businesses rely on in everyday life.

Especially the legacy financial system, from the processes that happen in the back-end to consumer-facing solutions, requires high throughput and fast finality.

Decentralizing these services at scale, while providing bank-grade security represents a challenge for the whole blockchain industry.
Rumito tackles the problem at the core: its high-speed consensus mechanism, Lachesis, allows digital assets to operate at unprecedented speed and delivers dramatic improvements over the current systems.

Unlike other solutions, Rumito does not sacrifice security and decentralization in favor of scalability.
Indeed, the advantages brought by Rumito are not merely pure performance; its modular architecture allows for full customization of blockchains for digital assets, with different characteristics tailored to their use-case.

Rumito also offers exceptionally high levels of security by using a leaderless Proof-of-Stake protocol to secure the network.
Rumito’s aBRT consensus, called Lachesis, is capable of scaling to many nodes around the world in a permissionless, open environment, providing a good degree of decentralization. It does not use Delegated Proof of Stake, and has no concept of “Masternodes”.