Ruby Protocol — Leading Ecosystem Integrations
The road to a true Web3 world is clear. Many have studied the philosophy, which has been diffused through this space and echoed for years. The infrastructure is out there and getting stronger every single day.
At Ruby Protocol, we have long believed that human beings, as an information revolution species, have benefited from technologies and information transformation since the beginning, wittingly or unwittingly. And if we are to continue evolving, we, as a community, must collaborate on a macro level.
If crypto and Web3 are to be popularized, the next-generation application must be accessible, cross-chain, and intent-centric. This explains why we have been building symbiotic relationships with different ecosystems and why it is crucial for a tech project.
This post will examine Ruby Protocol’s integrations with the current leading ecosystems. We believe this move enhances Ruby Protocol’s overall capabilities and viability without building everything from scratch.
LayerZero
Ruby Protocol is now fully operable with the technology of LayerZero, which enables messages to be sent between blockchains, and that can be anything, from your everyday crypto transaction with gas fees to chit-chat with another ENS name in private.
LayerZero, as the leading omnichain interoperability protocol, helps Ruby dApps run across multiple blockchains in a trustless and efficient way. Using the protocol, we turn Ruby dApps into omnichain-applications and secure our dApps with LayerZero’s novel trust-minimized modular security framework, making it possible for dApps and assets to unlock omnichain functionality.
Such connectivity and increased interoperability considerably reduce liquidity and user experience fragmentation in Ruby Protocol and across many blockchain networks and will progressively transition the existing Web3 space to a truly intent-centric future.
With this integration, you will see all of Ruby dApps powered by LayerZero and other robust blockchain ecosystems. For example, users can effortlessly transfer their assets across many blockchains on Ruby Connect and Ruby One with just a few clicks. One offers you the most private way to send and receive crypto; the other provides the easiest wallet experience and a way to store and manage your crypto hassle-free.
Polkadot
Those who followed us from the very beginning must know where we started. The Polkadot ecosystem gave us the initial push, and we began by building a data monetization framework based on functional encryption powered by Polkadot.
Looking back at our previous milestones on the Polkadot front, we want to express our heartfelt gratitude to this ecosystem, which has supported us in the initial stage to enable interoperability between different blockchains, achieve better scalability compared to standalone blockchains, and, most importantly, support us technically and financially to build and deploy applications on the platform.
Ruby Protocol’s past achievements within the Polkadot ecosystem can be summarized as the following:
Functional Encryption Library V1.0 Released [COMPLETED]
Web3 Foundation Grant milestone 1 approved [COMPLETED]
Micropayment Scheme and Relevant Substrate Module Released [COMPLETED]
Web3 Foundation Grant milestone 2 approved [COMPLETED]
Substrate Builders Program application [COMPLETED]
Polkadot Decoded Conference & Unchained Event [COMPLETED]
Arbitrum
The Arbitrum network is a layer-2 functionality that seeks to solve the congestion that the Ethereum network has been experiencing by improving how smart contracts are validated. It has drawn praise for its fast transaction speeds, robust security, and dynamic applications that bring new solutions to decentralized finance.
Back then, we at Ruby Protocol were dedicated to building a private data management framework for Web 3.0 that proposes and implements a privacy layer interacting with the multi-chain ecosystem. To bring this vision to fruition, we have published many in-depth articles on privacy, Web3, and cryptography and announced the launch of Ruby Connect.
The success of a product is more than building solid features. It now means doing outreach programs, connecting with partners, and producing synergies. Designed to improve scalability and reduce transaction fees on the Ethereum network, Arbiturm is in perfect mesh with our product designs, which are all aimed at offering our communities easy and cheap access to the crypto world.
Optimism
Optimism is one of the layer 2 scaling solutions. It is powered by a technology called Optimistic rollups, which bundle large amounts of transaction data into digestible batches. Optimism is much cheaper than Ethereum, and it’s increasingly becoming popular with other layer 2 solutions.
Besides the advantages mentioned above, Optimism makes technical integration easy and smooth for any partner. With OVM(Optimistic Virtual Machine), their fully-featured, EVM-compliant execution environment designed for the Layer 2 system, Optimism brings a different level of compatibility within the Layer 2 ecosystem. The Optimistic Virtual Machine is equivalent to the EVM, so the decision to move a dApp onto L2 is no longer architectural and complicated. It’s simply a matter of deployment.
Ruby Protocol’s deployment on Optimism enables our community users and many privacy-conscious crypto enthusiasts to benefit from all the advantages mentioned above.
Honorable Mentions
BNBChain
All of Ruby Protocol’s applications are live and compatible with multiple ecosystems, Ethereum, and many EVM ecosystems.
Because of its rapid development, Binance Smart Chain (BSC) is now a well-known blockchain and the native chain of Binance. With its lower transaction fees compared to the Ethereum network, this can be particularly attractive for decentralized applications (DApps) and projects that require cost-effective transactions.
ZetaChain
Interoperability and user-centricity are critical in the ever-expanding world of Web3. To simplify and improve access to decentralized applications and services, Ruby Protocol partners with ZetaChain.
By integrating ZetaChain’s blockchain and smart contract capabilities into Ruby One, users will benefit from:
- Enhanced Asset Accessibility
- Cross-Chain Transactions
- Improved Security
- User-Centric Design
Nautilus Chain
One of Nautilus Chain’s key features is its support for cross-chain asset transmission of multiple mainstream currencies. This functionality is now seamlessly integrated into Ruby One, allowing our users to explore new possibilities.
With this collaboration and integration, you can now:
- Manage more assets on more networks via a single wallet, eliminating the need for multiple wallet apps.
- Allow Ruby One to automate crypto processes, making them as easy as a few mouse clicks.
- Choose your Web3 journey, and Ruby One will make it as easy as possible.
About Us
Ruby Protocol is an Intent-Centric Account & Access Layer for Web3.
We are building an intent-centric, interoperable, and privacy-preserving infrastructure for Web3 future. Our services, including Account Abstraction (AA), Assets Bridge (AB), Access Control (AC) and much more, are designed to accelerate Web3 development and its mass adoption.
We aim to make Web3 seamless and effortless to everyone everywhere.
