Ken Carmody COO of Finscoms
RaiBlocks (XRB) is a digital currency that delivers high throughput, scalability and superior performance. It is reinforced by advanced blockchain technology and a trustless network that boasts a low energy footprint and feeless, instantaneous transactions. It achieves all of that by taking a unique approach in its implementation of blockchain technology. In what's called a block-lattice structure, each RaiBlocks account has its own dedicated blockchain.
The platform has a ledger of approximately 1.7 gigabytes. Users can conduct transactions without worrying about paying any fees and all transactions are instantaneous. It's also incredibly scalable, making it perfect for peer-to-peer transactions and currency transfers. Because it's proof-of-stake, it does not make use of the power-sucking mining hardware associated with many blockchain and cryptocurrency networks. RaiBlocks is entirely pre-mined, and all of the currency has already been distributed for trading and exchange.
Team
The team is roughly 10 members; 5 technology and development, 5 community managers, and 2 business development.
Niche
The biggest competitors are Bitcoin, Ripple, IOTA, ByteBall Bytes, Hashgraph and more. So stiff competition in a congested market.
Conclusion and predictions
Raiblocks target is reaching top 5 in crypto market cap by attempting to become the “gold standard”. If Raiblocks gets close to this goal, it’ll reach over 100 billion USD market cap sometime in 2018. Raiblocks is what Bitcoin is supposed to be: a fee-free, fast value exchange with no conflict of interest between miners and users.
There is stiff competition but Raiblocks has a decent chance of reaching the top 5 market cap by Q3 2018.
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