What is RaiBlocks (XRB)?
RaiBlocks (XRB) is a feeless cryptocurrency which records transactions by account, rather than traditional network-wide blocks, aka the block lattice. RaiBlocks is not a flashy coin. It is a stable, proven, free to use currency.
RaiBlocks (XRB): History
RaiBlocks, a low-latency cryptocurrency built on an innovative block-lattice data structure offering unlimited scalability and no transaction feesThe RaiBlocks protocol can run on low-power hardware, allowing it to be a practical, decentralised cryptocurrency for everyday use. RaiBlocks was first released in February 2016 by bitcoin enthusiast Colin LeMahieu, in a quest to solve many of the problems inherent to classical blockchain structures, such as high transaction fees and long confirmation times. In the RaiBlocks whitepaper, he outlined the concept of a “block lattice”, where each account has it’s own blockchain and each “block” contains just one transaction. The global set of accounts is referred to as the Ledger.
How RaiBlocks (XRB) Works?
The network relies on a block-lattice structure that allows each account its blockchain. Each account thus features a chain of events in the form of its balance and activity history. Only an account owner can modify the account’s chain, and the global ledger tracks the global set of accounts. The process of transferring XRB from one account to another does require two independent transactions rather than one. The users have to initiate a send transaction. And this will be followed by a receive transaction that the amount will be credited.
Feature of RaiBlocks (XRB)
RaiBlocks is mainly attractive for its three notable features. Firstly, there are no transaction fees. As the protocol is incredibly lightweight and running a node costs next to nothing, RaiBlocks transactions are processed with no charges. The transaction speed is in the blink of an eye. As wallets pre-cache the anti-spam Proof of Work for the next transaction once a transaction is sent, making transactions instantaneous, as both sides have the proof of work ready to go. The interesting another feature is its high scalability. Transaction lookups scale with the logarithm of the data set size logNO with a tree-like structure or O1 if they are based on a hash table.
How to buy RaiBlocks (XRB)?
Unfortunately, RaiBlocks isn’t as easy to purchase as Bitcoin. It is not possible to buy RaiBlocks with a credit card, so the users will have to use one of the cryptocurrency exchanges to buy RaiBlocks using Bitcoin. To start, if the users haven’t already, head over to Coinbase and sign up. Coinbase will let you use a credit card to buy bitcoin, which is what you’ll be using to purchase RaiBlocks.
RaiBlocks (XRB) Price Prediction 2018
The good news for investors is that RaiBlocks users have gotten a reputation as devoted coin evangelists, and there’s no denying its status as one of the most efficient coins around. RaiBlocks is launching its exchange. It offers a very tempting 0% maker fee and 0.2% taker fee and lets you trade Litecoin for RaiBlocks. This increased availability will almost certainly draw in some new money and correspond with a price rise. XRB is the coin of RaiBlocks cryptocurrency which is showing tremendous growth from last in per day peak with average 55% ratio and expected to enter into top 10 cryptocurrencies of highest market cap holder. RaiBlocks will be one of the best and steady cryptocurrency. And the analysts have predicted the normal price of XRB at the end of 2018, 2019 AMD 2020 will be 65 USD, 110 USD, 258 USD respectively. The price today has marked $28.33 and a market cap value of $3,774,697,512. It has a current supply 133,248,289 XRB and volume of $52,312,100. RaiBlocks (XRB) altcoin news, RaiBlocks (XRB) altcoin mining, RaiBlocks (XRB) altcoin price, RaiBlocks (XRB) altcoin market cap, RaiBlocks (XRB) altcoin exchanges, RaiBlocks (XRB) Altcoins price today, RaiBlocks (XRB) bitcoin price chart, RaiBlocks (XRB) altcoin mining software.