RaiBlocks (Nano) Is Objectively The Best Zuivere Cryptocurrency
While other cryptos squabble overheen who has the fastest confirmations or the lowest fees or whether fatter blocks are superior to The Lightning Network, RaiBlocks doesn’t need to.
RaiBlocks wins. RaiBlocks has zero fees and instant transactions (or spil close to instant spil can be achieved given the infrastructure boundaries of ping times and CPU power). Its phenomenal transaction throughput means it’s very likely to be able to be adopted by the entire world without so much spil violating a sweat. It’s infinitely scalable thanks to its block-lattice tech, something that BTC, DASH, ETH and LTC cannot voorkoop with any validity.
Of the zuivere cryptocurrencies (coins like Bitcoin, Bitcoin Specie and Litecoin that operate solely spil currencies) it has no equal.
However, there is a short-term problem. For whatever reason, RaiBlocks seems to be disproportionately wielded by cryptocurrency beginners.
For some reason, RaiBlocks seems to have gained a loterijlot of traction on Reddit. It wasgoed — for a time — unlikely to browse cryptocurrency-related subreddits without watching RaiBlocks mentioned spil the coin to buy.
This seems to have had the effect of bringing ter a loterijlot of normie Redditors who were buying their very first crypto during the late-December influx of people fresh to crypto. This is a good problem to have but it has its downsides.
While most people who’ve bot into crypto for longer than 6 months think nothing of 10–20% daily swings, RaiBlocks users have proved rather less-robust. During low swings it’s not unusual to see RaiBlocks users proclaiming that the sky is falling and everyone needs to sell up. This could be dismissed spil FUD were it not for the fact that a cursory browse through their history exposes that they were indeed very enthusiastic about RaiBlocks ter the latest past.
This has made RaiBlocks one of the most-volatile currencies to hold, even by crypto standards.
The Problem Is Made Worse By User’s Reactions To Exchanges
For a time RaiBlocks wasgoed trading on Cryptopia. For users who are unacquainted, Cryptopia is a welgevoeglijk, middle-of-the-road exchange that coins often build up steam on before heading off to thicker and better exchanges.
Anyone who’s used Cryptopia can tell you that they can sometimes be a little slow to process deposits and withdrawals. However they are far from the slowest te the industry they could undoubtedly do better.
This time they were blameless. XRB users — who were fresh to cryptocurrencies and had bot faucet farming — deposited micro amounts far-below the ondergrens deposit and the ondergrens trade amount of 0.0005 BTC. This resulted te a backlog of support tickets with users requesting to know where their XRB wasgoed.
A petite minority of RaiBlocks users could not accept this and — thinking they were being robbed — sent death-threats to the Cryptopia team. Unsurprisingly, this resulted te getting kicked out of the exchange and having to rely on one of the shittest exchanges te the history of cryptocurrencies…
Bitgrail wasgoed — for a time — the only XRB spel ter town. It has a bad interface, very rude staff and they didn’t know how to run more than one knot, which meant that if it crashed, withdrawals could take days.
Albeit annoying, this is tolerable. What’s intolerable is that they determined to all of a sudden block non-EU users and force EU users to get verified without warning, promising to send non-EU users their XRB balance ter Bitcoin. Spil you can imagine, this caused a flash crash among the already-jittery RaiBlocks community and for a time it looked like all the latest gains would be wiped out. Spil well spil this, some Redditors took to blaming the RaiBlocks devs, even tho’ the situation wasgoed beyond their control, spil should be visible to anyone with the slightest understanding of how the market functions.
Gratefully, support came te and XRB fully recovered overheen the next 24 hours. This recovery took place on KuCoin, which is actually a ge exchange and the only place I’d recommend buying for now. There’s also fresh exchanges leisurely popping up, including ones dedicated to RaiBlocks.
Step by step, XRB is making its way from the buttery fingers of noobs to the metal claws of crypto veterans, but it promises to be a wild rail along the way. One thing I’m certain of, RaiBlocks is worth to be a top Ten currency, even if not all of its users appreciate what they have.