New exciting cryptocurrency - RaiblockssteemCreated with Sketch.

in altcoin •  7 years ago 

Raiblocks

With bitcoin's scaling issues coming to the forefront users are looking for instant transactions.
Raiblocks is one such currency .It uses DAG technology like IOTA to achieve instant fee less transactions.

Unlike conventional blockchains used in many other cryptocurrencies, RaiBlocks uses a block-lattice structure. Each account has its own blockchain (account-chain), equivalent to the account's transaction/balance history. Each account-chain can only be updated by the account's owner; this allows each account-chain to be updated immediately and asynchronously to the rest of the block-lattice, resulting in quick transactions. Since blocks can only be added by each account-chain's owner, transferring funds from one account to another requires two transactions: a send transaction deducting the amount from the sender's balance and a receive transaction adding the amount to the receiving account's balance.

The distribution of coins was also done fairly by making users solve captcha's and reward them based on amount of captcha's solved.

It got a lot of attention recently due to IOTA's growth and the price has exploded.I believe in the team and they have a solid community.

Look out for it!!!!!

It's currently traded on mercatox and bitgrail and team is trying to put it on other exchanges.

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This post has received a 1.04 % upvote from @drotto thanks to: @banjo.

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