Bitcoin was the start of the coded currency, and the currency has developed tremendously throughout 2017. It topped the headlines and attracted more followers and increased by 1,500%. Making new investors in encrypted currencies looking for cheaper investments that could flourish in the future such as Bitcoin .

There are hundreds of alternative coded currencies (Altcoins), which can meet this growing demand. Including the rising XRB (RaiBlocks) currency. RaiBlocks has moved from relative obscurity to one of the top 20 digital currencies on the market.

A simplified explanation of what are RaiBlocks

What are RaiBlocks?

RaiBlocks is one of the most exciting coded currencies which since late 2017 has gained wide interest in the encrypted currency trading arena.

RaiBlocks, symbolized by XRB, is simply an encrypted currency characterized by zero fees, instant transactions and infinite scalability. Let's keep in mind that the protocols based on the main blockin are having problems with scalability, transaction speed and high graphics.

Advantages of RaiBlocks

RaiBlocks' first achievement was published in 2014. The RayBlocks principle differs from other DAC-based Directed Cycles using block-lattice. Which means that each account has its own blockage for each block containing a single transaction.

One of the great things about XRB is how it was distributed. For a long time, XRB has been granted against the captcha solution, since anyone connected to the Internet can use it to make some money. This was great for people who did not have access to financial systems. XRB has been collected by many Venezuelans, which is ideal for dealing with limited value amounts where there is no fee.

Since there is no big advantage over the other in the distribution process, RaiBlocks remain more decentralized and distributed from all currencies to some extent.

Disadvantages of Raiblocks

There is no mining pool or masternodes, making it difficult for individuals and groups to concentrate great power in their hands. This approach may have flaws, but it is inevitable in order to make the network as decentralized as possible.

One of these drawbacks is the lack of a direct incentive to run the RaiBlocks Node (RaiBlocks) node, where there is no fee and no additional XRB is generated. In any case, if you use RaiBlocks heavily, it is in your best interest to run a node and add security to the network. Moreover, lots of other rewarded currencies do not give any direct reward to run a whole knot, but people do though.