How does Raiblocks differ from other digital currencies in terms of technology?

3 answers

• Umair UmairshakeelMar 05, 2024 · a year ago
  Raiblocks, also known as Nano, differs from other digital currencies in terms of its technology. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which use a blockchain to record transactions, Raiblocks uses a Directed Acyclic Graph (DAG) structure called the Block Lattice. This allows for instant and feeless transactions, as each account has its own blockchain and transactions can be processed in parallel. Additionally, Raiblocks uses a unique consensus algorithm called Open Representative Voting (ORV), where account holders can vote for representatives to validate transactions. This decentralized voting system ensures security and prevents double-spending. Overall, Raiblocks' technology offers faster, more scalable, and more energy-efficient transactions compared to other digital currencies.
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• OGOOct 24, 2020 · 5 years ago
  Raiblocks stands out from other digital currencies due to its innovative technology. While most cryptocurrencies rely on a blockchain, Raiblocks uses a DAG structure called the Block Lattice. This allows for faster transaction speeds and eliminates the need for transaction fees. Additionally, Raiblocks' consensus algorithm, Open Representative Voting, ensures decentralization and security. With its unique technology, Raiblocks offers a promising alternative to traditional cryptocurrencies.
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• Amirhossein KhadiviAug 13, 2020 · 5 years ago
  Raiblocks, now known as Nano, has gained attention for its technological advancements in the digital currency space. Unlike other cryptocurrencies, Raiblocks utilizes a DAG structure called the Block Lattice, which enables instant and feeless transactions. This technology eliminates the scalability issues and high fees associated with traditional blockchain-based cryptocurrencies. Additionally, Raiblocks' consensus algorithm, Open Representative Voting, ensures security and decentralization. With its innovative technology, Raiblocks has the potential to revolutionize the digital currency industry.
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