Presentation and definition of the crypto-currency RaiBlocks (XRB)

Presentation and definition of the crypto-currency RaiBlocks (XRB)

  • Name of the crypto-currency : RaiBlocks
  • Symbol : XRB
  • Where to buy RaiBlocks ? Binance
  • Creation Date : December 2014
  • White paper of RaiBlocks
  • Web Site RaiBlocks

The system RaiBlocks

RaiBlocks is a crypto-currency decentralized, built on an innovative structure of blocks in a braid. It thus presents a great scabilité and no transaction fee. RaiBlocks do not require large amounts of energy to turn. It is therefore a crypto-currency practical and functional for everyday use, without taxes. In terms of features, RaiBlocks compares to IOTA. RaiBlocks presents itself as a virtual currency alternative that requires few resources to the mining, that there is no cost and that can handle simultaneously and rapidly a large number of transactions.

The blocks braided

RaiBlocks uses a block structure braided (block-lattice). Thus, each user account has its own chain of blocks that stores the balance and history of transactions. It is only the owner of the account string that can update it.

The characteristics of RaiBlocks

RaiBlocks uses for its digital signatures algorithm elliptic curve ED25519, modified with the hash function Blake2b. This technology allows a verification ultra-fast and increased security. Transactions on RaiBlocks are chat. There is no dead time between the blocks, since each account has its own channel. Thus, updates can be performed asynchronously. The transactions do not result in any charges. The system has been designed to be scalable and to self-adapt to the growing number of transactions on the blockchain, without disturbing its operation.

The tokens XRB

The network RaiBlocks uses its own currency : the XRB. All the chips are already in circulation, or approximately 133 million units.