Satoshi's ray block coin (XRB) Please give a brief explanation about the coin.
It is a dPOS-based electronic money that is designed to solve the existing problems, scaling, and expensive payment fees of the first generation electronic money based on fast, safe and stable. Raybreak developers are trying to break through the problems in new and more fresh ways, judging that the various solutions presented in existing block-chain platforms are not sustainable in the long run.
Satoshi: I understand that it is a coin that solves the problem. I need enough explanation on how to solve the 'how' problem.
This section will be briefly explained as we enter into the technical field. If we think of a bit coin and a block chain that we commonly think of, all the settlements, and thus all the payments made up of bit coins, are formed into a kind of block, which is a chain type followed by another block. You have. The role of the block chain is very important. The block chain acts as a kind of 'proof of fact' material to prevent mischief, such as 'double spending' (the action that sends the same bit coin twice). On the other hand, these efforts have created many problems. Long block creation time, costly power consumption, expensive fees, and so on. Ray Block is attempting to unleash this existing first-generation system in a completely new way, the 'Block Rethys' method. "Block Lattice"
Block Letis ... ??? Please explain.
According to the development team, all users who use 'Block Lethys' have their own personal block chain. I would like you to think that all individuals have their own leisure. XRB transactions are designed to be made in only two "transactions". A, payment to send money, payment to receive B money. If payment is received and payment is not made at the same time as the existing first-generation block chain, that is, if the recipient is not prepared to pay the sender, If you can not create a block to receive, the payment will not be made.
Satoshi: I have a lot of questions. First, why build a privately owned block chain system?
This is a payment agreement process without mining which is the greatest advantage. There is no fee. Ray Block users can only build blocks on their own. The process of confirming payment through miners is omitted.
It's a block chain system without a miner, so it's very refreshing news.
Yes, these systems solve two problems at once. You can benefit from the tremendous savings on bitcoin, which is also a network that does not rely on a miner, so you can make quick payments based on fast block creation, unless the exception mentioned above is the case.
Satoshi's view is that the development potential of the platform is sufficient ???
(This part is personal opinion.) I would like to say that it is a platform that is still half-duper. I think the project itself is quite fresh and novel. Scaling is effective, fast settlement and no commission. I think it is very positive because it is very positive, but unfortunately, it is only when the awareness that XRB is a means of valuing is prevalent. It is a fairly old block chain system that has been around for four years. On the other hand, the fact that coin price volatility is a recent phenomenon is easy to see through historical graphs. Why? Easy and fast payment methods, even $ 0 fee, while the bit coin premium that exists in each country due to the huge investment craze in the electronic money market recently. Please think carefully ... arbitrage ...?
I think it is a system that is sufficiently valuable. Of course, the value will vary depending on the purpose.