Introduction to Raiblocks
crypto·@jeppex1·
0.000 HBDIntroduction to Raiblocks
<html> <h1><br></h1> <h1>Introduction to Raiblock</h1> <p>i have personally monitoring Raiblocks for a while. i have earned som rai and the cryptocurrency has grown.</p> <p>Nonetheless, i couldnt find a single post about it here on steemit. So now i have decided that I will write an introduction to rai</p> <p><br></p> <p>So, im not sure if i should just write it long or Provide a short text and a bunch of links.<img src="https://raiblockscommunity.net/media/logo.png" width="675" height="182"/></p> <p><a href="https://raiblockscommunity.net/media/logo.png">[Image Source]</a></p> <h1>What is Rai/Raiblocks?</h1> <p>Raiblocks is a cryptocurrency which doesnt require PoW and instead a PoS system based on account balance</p> <p>Now below here i will put a short summary of Raiblocks design features as mentioned <a href="https://github.com/clemahieu/raiblocks/wiki/Design-features">Here</a></p> <p>And also to the main <a href="https://github.com/clemahieu/raiblocks/wiki/">wiki</a></p> <p><br></p> <h1>Signing algorithm - ED25519</h1> <p>ED25519 is an elliptic curve algorithm developed in an academic setting with a focus on security from side channel attack, performance, and fixing a lot of the little annoyances in most elliptic curve systems.</p> <h1>Hashing algorithm - Blake2</h1> <p> In our implementation hashing is used purely as a digest algorithm against block contents. Blake2 is a highly optimized cryptographic hash function who's predecessor was a SHA3 finalist.</p> <h1>Key derivation function - Argon2</h1> <p>The KDF is used for securing the account keys in the reference wallet.</p> <h1>Block interval - Instant</h1> <p>With raiblocks, each account has its own block chain and can update this chain independent of anyone else in the network. This metric is actually non-applicable however we include it since it's a standard metric for other cryptocurrencies.</p> <h1>UDP message protocol</h1> <p>Our system is designed to operate indefinitely using the minimum amount of computing resources as possible. All messages in the system were designed to be stateless and fit within a single UDP packet.</p> <h1>IPV6 addressing</h1> <p>The system is built to completely support both IPV4 and IPV6.</p> <h1>Permanent storage minimization</h1> <p>A lot of work was put in to eliminating redundant data in the block chain in order to minimizing the long-term storage footprint of the ledger.</p> <ul> <li>Blocks in the ledger track balance values rather than balance deltas</li> <li>Balances are only stored when necessary</li> <li>Blocks are fixed size</li> </ul> <p>-------------------------------------------------------------------------------------------------------------------------------------------</p> <p><br></p> <h1>Status</h1> <p><br></p> <p>Right now Raiblocks is in Some kind of faucet distribution which basically means that you can solve captchas and claim Rai</p> <p><br></p> <p>I just wanted this to be a basic introduction so will basically end it here and below i will put Links to the website etc</p> <p><br></p> <p><a href="https://raiblockscommunity.net/">https://raiblockscommunity.net/</a></p> <p><br></p> </html>