Why I believe Raiblocks has the potential to dethrone Bitcoin as the p2p payment provider.

Let’s get real,

Bitcoin is currently not even close to a peer to peer payment system.

On average, transaction fees are over $10 and take more than two hours to confirm, hardly convenient to buy a coffee with. Oh, and that single transaction just took as much power to verify as it would take to run a comfortable house, and everything in it, for nearly a week.

We need a payment system that is fast, inexpensive, and environmentally friendly. RaiBlocks is designed from the ground up for instant, feeless, scalable transactions.

RaiBlocks is a trustless cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain, equivalent to the account's transaction/balance history. Each account-chain can only be updated by the account's owner. This allows each account-chain to be updated immediately and asynchronously to the rest of the block-lattice, resulting in quick transactions.

Up until 2017, Bitcoin held over 90% of the total cryptocurrency market cap. Today Bitcoin sits closer to only 30%. Generation 1 Blockchains are becoming outdated, as they fail to scale alongside rapid adoption rates. Which blockchains will rise to prevail at the top is still to be seen. In my opinion, however, for a peer to peer payment system, Raiblocks certainly has a decent shot.

Raiblocks is traded on Kucoin, Bitgrail, Bit-z and Mercatox. It is set to be listed on Binance in the near future.

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