Raiblocks (XRB) has been rebranded to Nano and is about to be listed on Binance. Up 25% in the last 24 hours. Here's my take on Nano, and why I think it kicks ass.
Let’s get real,
Bitcoin is currently not even close to a peer to peer payment system.
On average, transaction fees are over $10 and take more than two hours to confirm, hardly convenient to buy a coffee with. Oh, and that single transaction just took as much power to verify as it would take to run a comfortable house, and everything in it, for nearly a week.
We need a payment system that is fast, inexpensive, and environmentally friendly. RaiBlocks is designed from the ground up for instant, feeless, scalable transactions.
RaiBlocks is a trustless cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain, 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.
Up until 2017, Bitcoin held over 90% of the total cryptocurrency market cap. Today Bitcoin sits closer to only 30%. Generation 1 Blockchains are becoming outdated, as they fail to scale alongside rapid adoption rates. Which blockchains will rise to prevail at the top is still to be seen. In my opinion, however, for a peer to peer payment system, Raiblocks certainly has a decent shot.
Raiblocks is traded on Kucoin, Bitgrail, Bit-z and Mercatox. It is set to be listed on Binance in the near future.
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Any plans to come to Bittrex? The widest platform, in terms of amount of coins listed...
None so far, just binance.
The whole re branding news are great, some good buzz around Railblocks already, and now with fresh name, that project can fly!
Definitely! Look what happened Antshares to Neo!
Yeah, I was trading Antshares, for long long time, mostly liked the coin because of it's low volatility. Until... one day the name have changed, and volumes increased like 100x.... I though "jesus... what is actually going on....", then checked the news, and I regret I didnt keep any of old Antshares coins....
I liked your chart. How does this coin compare to other popular alt coins?
In general, much much faster. It is also one of the only ones that is free. Also one of the only ones that runs on DPos, which is infinitely better for the environment than PoW
Thank you for the concise and well-written article - I believe that the Nano rebranding is perhaps the best possible thing that could happen to Raiblocks - look, the price is rising already!
Anyways, I wrote a similar article documenting the rebranding, feel free to check it out and leave an upvote! Thank you!
https://steemit.com/raiblocks/@stevensteel/raiblocks-is-now-nano