RaiBlocks was listed on January 4, 2018 under the XRB ticker on KuCoin, as well as on Mercatox, Bitgrail and BitFlop. Since then, it dropped to a low of $12.39 on January 25 before making its way back up to almost $19. You’ll need to decide for yourself if it’s worth getting into, as this is not financial advice, but this coin appears to have a lot of things going for it from both a value and a technology perspective, where mass adoption may be possible.
On the value side, according to the RaiBlocks website, XRB is a feeless coin. Compare this to Bitcoin which currently has extremely high transaction fees, making it more of a store of value and less of a transactional currency. The high fees associated with Bitcoin generally have to do with the fact that every node must have a full record of the blockchain. This may change when Lightning Network achieves mass adoption, though it will no longer be fully decentralized at that point. This raises the obvious question: how does XRB achieve zero transaction-fees?
RaiBlocks utilizes what they refer to as a block-lattice architecture. Rather than having a single, master blockchain that keeps a record of every transaction in history, each account has its own blockchain and consensus is achieved through delegated Proof of Stake (PoS) voting. There is no heavy, energy-intensive mining involved in this PoS coin, and the ledger is currenly only 1.7 GB. Compare that to the Bitcoin ledger which currently stands at over 150 GB.
RaiBlocks calls each account’s individual blockchain an “account-chain” as each contains the account’s transaction and balance history. Each account-chain owner manages their own blocks, and the transfer of funds between accounts requires both a send-transaction, and a receive-transaction. This lightweight architecture not only reduces fees, but it makes RaiBlocks very fast.
RaiBlocks is not mined, and its total supply of 133,248,290 XRB is already in full distribution. The smallest unit is a Raw, similar to the Satoshi equivalent measure of a fraction of Bitcoin. RaiBlocks compares its advantages not only to Bitcoin, but also against IOTA and Ethereum. According to the RaiBlocks FAQ, IOTA stacks consecutive transactions, while RaiBlocks consensus is achieved by voting on conflicting transactions, making its network cost much lower. Simlar to IOTA’s Tangle architecture, the RaiBlocks block-lattice is a DAG data structure, but with fewer requirements and thus faster speed. They also differentiate themselves from IOTA in that IOTA has a vision to become a protocol for IoT devices, where RaiBlocks is focused on the transactional side of cryptocurrency trading, payments and arbitrage.
According to enthusiasts like , RaiBlocks could become the world’s digital currency. Its numerous advantages provide cost savings to users, as well as fast transactions. Developers are already working on ecommerce integrations for RaiBlocks, including BrainBlocks whose developers include Daniel Brain, a Principle Software Engineer at PayPal, and Jill Robinson. If PayPal ends up playing in this sandbox, we could see big moves in the future.