- ReserveBlock releases peer-to-peer auction and collection features in its core wallet.
- The features enable self-custody marketplaces without third-party intervention.
- RBX aims to democratize mining without the burdens of PoW or PoS.
ReserveBlock RBX, a decentralized layer one protocol that allows for the tokenization of assets, has announced the release of its peer-to-peer auction and collection features in its RBX core wallet.
According to an official document, the new features enable any creator, owner, or issuer to create self-custody marketplaces without third-party intervention. With the new RBX features, users can publish auctions or self-hosted stores on-chain and on social media platforms.
The asset collections are broadcasted over the RBX network, and the auction and store originators can utilize a real-time chat feature directly with traders within the wallet. The RBX native auction engine enforces bid fulfillment and “buy now” transactions automatically on-chain with a transparent bid and transaction history.
Notably, the RBX network is fully autonomous, decentralized, and governed by validators through on-chain voting. RBX SENs (self-executing NFT smart contracts) can be deployed natively with peer-to-peer transferring of the underlying media and files associated with any NFT and through a non-custodial core wallet without any third-party application.
Furthermore, the RBX core wallet requires a fee of 10 RBX for publishing, which is burned at the time of the transaction. The network is gasless, with no lockups or holding periods, and gives zero weight to a user’s balance.
Additional features and improvements by the community are expected in future releases, with the RBX auction engine being activated in the web wallet by the middle of the week ahead.
According to official documentation, RBX aims to democratize mining without the burdens and frictions of Proof of Work (PoW) or Proof of Stake (PoS). It offers a liquid Proof of Assurance (PoA) consensus while earning randomized block rewards in a carbon-neutral environment such as a laptop machine with at-will participation.
Its engine is open to any authority providing on-chain solutions for royalty enforcement, multi-asset utility, and solving media transfer and ownership for issuer communities.