{"id":23666,"date":"2018-01-10T06:49:52","date_gmt":"2018-01-10T14:49:52","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=23666"},"modified":"2018-01-11T11:49:32","modified_gmt":"2018-01-11T19:49:32","slug":"the-rise-of-raiblocks","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/the-rise-of-raiblocks\/","title":{"rendered":"The Rise of RaiBlocks"},"content":{"rendered":"

Bitcoin<\/a> may have started the cryptocurrency party, but it\u2019s all the uninvited guests that are having the most fun now.\u00a0Throughout 2017, Bitcoin dominated headlines, gained followers, and increased in value by 1,500%. However, all this attention has increased Bitcoin\u2019s resource usage, and there is much speculation as to how it will continue to scale.<\/p>\n

Even so, the Bitcoin<\/a> community has stuck with the original 1MB block envisioned by Satoshi Nakamoto. Moreover, Bitcoin\u2019s extremely high price is leaving many investors looking for cheaper investments that might blossom into the next Bitcoin-like boom.<\/p>\n

There are literally hundreds<\/a> of alternative cryptocurrencies (alt coins), ready to meet this surging demand.\u00a0Now, RaiBlocks<\/a>\u2019 XRB coin is surging.<\/p>\n

\"Raiblocks
At the beginning of December, RaiBlocks was worth less than $1. Today, it trades for more than $27, a gain of more than 2500%<\/strong>. Even more impressively, most of this growth has taken place in the past week.<\/figcaption><\/figure>\n
\"Raiblocks\"<\/a>
RaiBlocks<\/a> is designed from the ground up for instant, fee-less, scalable transactions.<\/figcaption><\/figure>\n

Even by crypto-standards where wild price swings can occur without warning or reason, this is a shocking price increase. In just a matter of weeks, RaiBlocks has emerged from relative obscurity to the twentieth largest cryptocurrency<\/a> by market cap.<\/p>\n

What\u2019s Causing the Price Surge?<\/h2>\n

It\u2019s always difficult to identify a single reason for a digital currency\u2019s success, but RaiBlocks seems to have a few things working for it right now. It employs a rare approach to blockchain technology, it\u2019s gaining increased exposure, and it\u2019s becoming readily available through crypto-exchanges. According to its faithful following, RaiBlocks has been an undervalued coin for a long time.<\/p>\n

For starters, RaiBlocks<\/a> addresses any immediate concern for the crypto-community, a top one being speed of transaction.<\/p>\n

As Harry Tucker notes in Finder<\/a>,<\/p>\n

\u201cRaiBlocks is both faster and cheaper than even Bitcoin Cash, with zero fees and is essentially instantaneous.\u201d<\/p><\/blockquote>\n

RaiBlocks accomplishes this by rejecting Bitcoin\u2019s blockchain method, and instead implementing a system where every user is equipped with an individual blockchain. As a result, each block only includes a single transaction, and settlement times are instantaneous.<\/p>\n

In this way, RaiBlocks rejects the \u201cmining\u201d concept popularized by Bitcoin<\/a>. Recent reports on the obscene amount of energy consumed by Bitcoin<\/a> mining and the emergence of alternative blockchain methods have made minerless operations like RaiBlocks more attractive.<\/p>\n

Exposure<\/h2>\n
\"RaiBlocks
The RaiBlocks Reddit community has nearly 40,000 members – an impressive number for a cryptocurrency project.<\/figcaption><\/figure>\n

In methodology, RaiBlocks is closely linked to another digital currency, IOTA<\/a>, which uses a similar minerless approach to their blockchain.<\/p>\n

IOTA is the tenth largest cryptocurrency<\/a> by market cap, so it\u2019s possible that some of RaiBlocks growth can be attributed to its connection to a similar, more prolific digital currency.<\/p>\n

Part of the alt-coin rise is a user preference for products that actually work. \u00a0Increasingly, because of high fees and long transaction times,\u00a0Bitcoin<\/a> just doesn\u2019t work as it\u2019s intended. Since it\u2019s no longer rising by thousands of dollars a day, investors may be expressing a preference for altcoins that might prove to be a better functioning Bitcoin.<\/p>\n

Moreover, with so many crypto-enthusiasts desperately searching for the next Bitcoin-like price explosion, even a digital currency\u2019s modest gains can attract investor attention, which increases the currency\u2019s value and multiplies the exposure.<\/p>\n

Availability<\/h2>\n
\"Raiblocks<\/a>
Over 50% over Raiblocks volume typically comes from KuCoin<\/a>.<\/figcaption><\/figure>\n

RaiBlocks<\/a> recently concluded its captcha puzzle distribution. During this period, the only way to attain XRB coins was by completing their captcha puzzles, the RaiBlock version of crypto-mining.<\/p>\n

Now, XRB tokens are available through currency exchanges, and they just received some great news in that regard. On Friday, RaiBlocks announced on Twitter<\/a> that their token would be available on the popular crypto-exchange, Binance, which earlier this week began allowing new user registrations<\/a> after a temporary halt.. An official trading date has not yet been announced.<\/p>\n

RaiBlocks<\/a>\u2019 official Twitter<\/a> account is very active, and they recently announced their inclusion on several other crypto-exchanges, so XRB is becoming available to a much broader audience. \u00a0That\u2019s sure to drive up the currency\u2019s demand.<\/p>\n

\n

$XRB<\/a> trading is now live on our biggest exchange to date, @kucoincom<\/a>!<\/p>\n

— Nano (@nano) January 5, 2018<\/a><\/p><\/blockquote>\n