Introduction:
(From Raiblocks website)
RaiBlocks is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting. Offers feeless, instantaneous transactions, as well as unlimited scalability, making RaiBlocks ideal for peer-to-peer transactions. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput. To date, the RaiBlocks network has processed over four million transactions with an unpruned ledger size of only 1.7GB.
Coin Rating / TLDR : 7,2 / 10
Raiblocks is a innovative and disrupting coin (instant and free transactions!). It’s potential to grow is massive.
It’s main problem is that the technology can be replicated and right now there is a small number of adopters. Therefore, the switching cost to another currency is low if a bigger player (Telegram/TON) decides to copy it.
But even taking this into account Raiblocks seems to be going far because it does what it is meant to very well.
The only thing missing so far is bigger adoption.
I would not be surprised to see it as one of the top 10 coins in 2018.
Network Value: 6 / 10
Raiblocks has a relative small community compared other cryptocurrencies. This is normal since it is a new coin. You can buy Raiblocks on smaller exchanges and soon via rai.exchange (https://rai.exchange/) where you can send Litecoins and get directly Raiblocks.
https://coinmarketcap.com/currencies/raiblocks/#markets
It is not mineable and all coins have already been distributed. The coin is relatively young so the switch-over cost is very low and there is danger if a bigger player replicates the concept and take away the market.
In terms of security it seems solid.
The only way to break it would to buy 51% of the current Raiblocks and set up a Malicious Node that could trick other nodes temporarily. This would be utter stupidity since it would damage the person doing the attack more than anyone else, if it was even possible because good luck in getting 51% of all Raiblocks.
https://github.com/clemahieu/raiblocks/wiki/Double-spending-and-confirmation
Potential Growth: 10 / 10
Raiblocks is offering allot of value by enabling people to transfer money without any fees and instantaneously.
There are very few sites that accept Raiblocks as a payment (https://www.spendraiblocks.com/) so now it is a matter of how fast can Raiblocks get the word out of their value proposition before another competitor replicates the same technology and takes the market.
Developers Value: 7 / 10
Raiblocks has a competent team always delivering. There has been some issues in the past that they have been able to deal with (for example the node issue with BitGrail (https://goo.gl/SJzJNL). The project seems to be supported mainly by 1 developer (https://github.com/clemahieu) with help of 4 others.
It has small number of contributors so if it scales I am unsure how things will play.
Partnerships: 4 / 10
Very little partnerships which is normal in a project that is still in it’s early phase. But this also means it is vulnerable to competitors at this point.
Utility: 9 / 10
It gives users possibility of instant and zero fee transactions. You can use it as a form of payment, so the value of it is in direct correlation with the number of users and merchants.
In my opinion, as a currency Raiblocks is possibly the best at this moment. Only thing missing is adoption and better wallets.
Sources:
https://www.reddit.com/r/RaiBlocks/
https://raiblocks.net/media/RaiBlocks_FAQ.pdf
https://github.com/clemahieu/raiblocks/wiki/Block-lattice
https://github.com/clemahieu/raiblocks/wiki/Double-spending-and-confirmation
https://raiblocks.net/page/frontiers.php
https://github.com/clemahieu/raiblocks
https://github.com/clemahieu/raiblocks/wiki
https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf