What is Rai Coin and how does it work?

3 answers

• Nov 25, 2021 · 3 years ago
  Rai Coin, also known as XRB, is a decentralized digital currency that aims to provide fast and feeless transactions. It utilizes a unique technology called block-lattice architecture, which allows each account to have its own blockchain. This enables Rai Coin to achieve high scalability and fast transaction speeds. Transactions on the Rai Coin network are confirmed through a process called Open Representative Voting (ORV), where users can delegate their voting power to representatives who validate transactions. This consensus mechanism ensures the security and integrity of the network. Overall, Rai Coin offers a decentralized and efficient payment solution with zero transaction fees.
  692346
• Nov 25, 2021 · 3 years ago
  Rai Coin works by utilizing a block-lattice architecture, where each account has its own blockchain. This allows for parallel processing of transactions, resulting in fast and scalable transactions. Unlike traditional cryptocurrencies that rely on a single blockchain, Rai Coin's block-lattice architecture eliminates the need for miners and transaction fees. Instead, transactions are confirmed through a voting process where representatives validate the transactions. This decentralized consensus mechanism ensures the security and integrity of the network. Rai Coin aims to provide a seamless and efficient payment solution for everyday transactions.
  653218
• Nov 25, 2021 · 3 years ago
  Rai Coin, also known as XRB, is a digital currency that operates on a unique block-lattice architecture. Unlike traditional cryptocurrencies, Rai Coin does not rely on miners or transaction fees. Instead, transactions are confirmed through a voting process where representatives validate the transactions. This decentralized consensus mechanism allows for fast and feeless transactions. Rai Coin aims to revolutionize the way we make payments by providing a scalable and efficient solution. As a leading digital currency, Rai Coin offers a secure and decentralized platform for peer-to-peer transactions.
  604151