FUNDAMENTALS
Consensus Method (Work, Stake, Other hybrid, N/A): Stake. XRB is based on Directed Acyclic Graph, similar to IOTA. Senders and recipients order their own transactions (ie not miners) and have a balance weighted vote on conflicting transactions (Somewhat a delegated proof-of-stake model of consensus).
Type (Infastructure, Dapp, Currency): Currency
Open Source? Yes - https://github.com/clemahieu/raiblocks/
MVP / Prototype / Working Product? Yes, network and wallet established – code available
Hasing Algorithm: SHA3/Blake2, ED25519 elliptical curve – some believe better than bitcoin’s curve - controversial
Team (general impression): Small. Essentially spearheaded by lead dev Colin: https://www.linkedin.com/in/clemahieu/
Team listed here: https://raiblocks.net/page/aboutus.php
Value Prop (why this needs a token / blockchain in one sentence): Solution to the ailments of bitcoin and other proof-of-work coins, providing unlimited transaction throughput (scalable, fast) with zero network fees.
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Green Flags:
• No ICO – distributed via solving captchas (faucets)
• Project coded out of passion – no funding
• Colin – lead dev – is an all-star – rich programming background including Dell, Amazon, AMD
• Well written traditional whitepaper
Yellow Flags:
• Small team – essentially just Colin and community managers / web devs. Names and LinkedIn not available.
• One of the first DAG cryptos – among DagCoin, Byteball, and IOTA – this is innovative but also new technology which could produce its own set of problems as it scales.
o No cryptocurrency has been tested at the scale of BTC yet.
Red Flags:
None that I noticed (but keep in mind this wasn’t a full comprehensive review). If you know of any glaring flaws, please let me know in the comments!
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Other reviews:
How to buy:
Beginner’s guide: https://captainaltcoin.com/raiblocks-cryptocurrency/
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