What is RaiBlocks and is it replacing Bitcoin? Programmer explains.by Chris KeelingOctober 24, 2019100 Comments No related posts. Tags:bitcoin crashcryptocurrency raiblockshow RaiBlocks is different from Bitcoinivan on techprogrammer explainsRaiBlocksraiblocks crashraiblocks cryptocurrencyRaiBlocks priceRaiblocks vs BitcoinWhat is RaiBlocksWhat is RaiBlocks and is it replacing Bitcoinwill RaiBlocks replace Bitcoin 100 thoughts on “What is RaiBlocks and is it replacing Bitcoin? Programmer explains.” amiramnoamdoron January 6, 2018 at 5:28 pm ivan im sorry but in IOTA there is also attach to tangle which takes a computer cpu power and stillthere was a spam attack , can you answer how it's different on raiblocksand i love your videos. Reply D S January 6, 2018 at 7:12 pm Another excellent video, thanks so much! Reply prakhar arora January 6, 2018 at 8:55 pm Isn't the same way transactions done in US eg BoA? That both sender and receiver have to generate a ticket/block sort of. Though, in Raiblocks, it would be decentralized. Insiktsfullt…bra jobbat! Reply Chrisanthos Nonis January 6, 2018 at 9:14 pm It doesn't sound secure to me Reply jctai100 January 6, 2018 at 11:40 pm Does this structure not lessen the immutability of the blockchain(s). Too lazy to read the whitepaper Reply CrypTek January 7, 2018 at 1:00 am Great info.. subscribed. Reply Matt Senkow January 7, 2018 at 3:30 am Wow. How do you secure the pre-calculated value from an attacker? Reply Kurt Fram January 7, 2018 at 6:50 am Tx. Great introduction… 🙂 Reply oljobo January 7, 2018 at 8:26 am Brilliant as always :-D. And with playback speed 0.75 my brain doesn't overheat :-D. Thanks Ivan 🙏🏻 Reply Peter Walker January 7, 2018 at 10:15 am Price and performance wise, Bitcoin can't stick around. Miners seem to own the deciding vote and will always push for a more 'profitable' mining outcome – which means more congestion and high fees. Raiblocks, IOTA and similar platforms are the only real long term solution. Segwit is really just a bandaid in my opinion. Good systems are built from the ground up to optimise efficiency. My only concern is if there is no fee, how is the platform funded? Reply shafkatali94 January 7, 2018 at 1:01 pm What about APPC APPCOINS Reply Fabien LE GUEN January 7, 2018 at 1:05 pm Thanks Ivan to make me discover this technology (railblock underlying one) ! I have been following you for a long time. Nice content. Reply Peer Barnyngoz January 7, 2018 at 2:27 pm I was not going to watch this, but am glad I did. Does the best technology always win? And the answer is no. Interesting. The many coins are increasingly appearing to display different functions/characteristics. A sorting may take place, or I should say, a sorting of coins is taking place and will continue to in my opinion. An analogy: By way of 2 questions, number 1 being – Which type of axe do you use to cut a small tree trunk section of wood in quarters? Number 2 – Which axe do you use to split one of the quarters into 3 pieces of wood? Answers. 1. A blocksplitter. 2. An ordinary, smaller, axe. (This does not necessarily apply to Raiblocks). I just wanted to pose these questions as it may become of use when thinking about crypto currency. No this is not a joke, and don't try this at home, or at least, not in the home. Wear boots and gloves. Reply Petar Petrovic January 7, 2018 at 8:25 pm I don't like it Reply Rick Razoti January 7, 2018 at 10:04 pm I heard a rumor that Ethereum Dark will be pumpt hard soon in cryptopia Reply Juraj Hajdu January 8, 2018 at 1:28 am Is electra better than raiblocks? Reply Yellow Submarine January 8, 2018 at 2:20 am Thank you a lot, you make really unique content Reply FinalMythology January 8, 2018 at 2:54 am Is RaiBlocks anonymous like Monero? Reply Wahinies January 8, 2018 at 5:26 am There are many videos that attempt to explain raiblocks and this is the most succinct and informative among them! Thank you! Reply Daniel Rasmuson January 8, 2018 at 8:46 am My understanding is that once bitcoin adopts the lighting network it will have many of these same advantages through off network payments. Reply Yani Martin January 8, 2018 at 8:58 am FidentiaX the first marketplace for tradeable insurance policies 😎😎😎 Reply Isaac Wendt January 8, 2018 at 9:11 am If the client can pre-calculate the transaction why can't the spammers also do this? and take down the network? I'm not sure just trying to get a better understanding. Reply orki6 January 8, 2018 at 9:56 am Vertcoin is the only coin witch has the technology for fulfilling the whole idea behind bitcoin Reply Milan Pintar January 8, 2018 at 2:14 pm but if a udp packet is lost isn’t the transaction lost? Reply Kasun Gayashan January 8, 2018 at 4:18 pm What about CanYa? Seems it will be a big thing. Reply Natalia Rodriguez January 8, 2018 at 4:42 pm Speed is very important for any cryptocurrency that is to be used to replace FIAT. So as long as Raiblocks is open source and the security holds up, I feel it can over take Bitcoin. Bitcoin is so slow and the fees are getting out of hand. By comparison a USA bank charges less in fees per transaction. I do not get charged every time I move my money in and out of the bank or move to difference accounts. You can not say the same about Bitcoin or many other cryptocurrencies. The ideological concept of Bitcoin in my opinion isn't working in practice. Reply Crosspit91 January 8, 2018 at 6:47 pm Nebulas (NAS) – brutal team, CEO is the founder of NEO (Hitters Xu), enormous use case (like Google for all blockchains combined), low market cap, low circulating supply (35 million) – this thing is ready to skyrocket. It's under the radar cause the market cap is not shown correctly on CMC, this thing is so damn undervalued. LOOK IT UP!! Reply Ishy P January 8, 2018 at 9:20 pm How does this compare to the tangle and other 3rd gen coin technologies? Is this really like the absolute best solution to scale up? Reply BitShark Crypto January 9, 2018 at 3:20 pm I don’t know about all of you, but I heavily invested in RaiBlocks, and we will see soon what will happen with it 🙂 Reply Millionaire in 6 months January 9, 2018 at 5:06 pm hi man. talk about strong hands coin Reply h3ym0nk3y January 9, 2018 at 8:17 pm Ivan what about PascalCoin? it will nice learn about nice tech before it reach top 20 and be covered everywhere. Reply h3ym0nk3y January 9, 2018 at 8:18 pm There is a lot of matereila to cover in those two tech (byteball and pascal coin) Reply Petesmyname January 9, 2018 at 8:32 pm Ivan, congratulations for 100k subs!! You are an amazing guy and very knowledgable. Excellent explanation on Raiblocks, thank you. Love from South Africa! Reply Jack W. January 10, 2018 at 2:29 pm Best video ever. You are the best! <3 They just need to make a more userfriendly wallet design. Reply Crypto News January 10, 2018 at 8:54 pm OMG your class is probably the best class right now. You by far give solid explanations about crypto. Been following for you over a year now. Every video is on point!! Reply Crypto News January 10, 2018 at 9:06 pm What a great question. "is windows the best operating system of all time, just because of it's users?" Currency is just a symbolism of value. Software vs software at the end of the day. Reply crypto king January 10, 2018 at 11:21 pm this guy is a genius…..a proper computer whizz…but also well grounded in reality and sentimentality about cryptos..which are key. Reply Hassan Harb January 10, 2018 at 11:35 pm great ivan i love the way you analyze with thanks for your support and knowledge Reply Tim WITTER January 11, 2018 at 12:38 am Check out FLASH, it can handle 25.000+ transactions per sec, and it even has real life use age, its dPoW too and the circulating/max supply is 900m – its pre-mined . I wonder what you think about this coin. Reply JOE C January 11, 2018 at 2:23 am BlockArray? Reply Jimmy Dean January 11, 2018 at 2:36 pm RAI Blocks and ENG are probably the only alts that are safe bets. The rest I would not throw a penny at except maybe to Monero. ETH and BIT are the corner stones… Reply Jay _ January 11, 2018 at 7:04 pm Is there a DAG coin out there that doesn't use "witnesses"? The one's I've looked at all need human intervention to make sure the transactions attach to the "right" place on the chain. That blows one of the most important aspects of crypto: trustlessness. Also, since the chains build asynchronously, these currencies seem more vulnerable to double-spend attacks. Reply James S January 12, 2018 at 1:02 am I don't see anything really taking over bitcoin, I see it as a country where all these other coins are currencies. A lot of people like comparing Raiblocks also to Iota due to free transactions, I think both coins are great and none of them are here to particularly take over the other coin, I believe these coins can live side by side and there is nothing wrong with merchants accepting both currencies or more. I see alot of Verge investors hoping over to DeepOnion for a quick buck on the airdrop, but reality is deep onion has continuously building their product by upgrading and constantly not only updating the community but also active on social media. It has everything needed to be a top 3 private coin in 2018. Reply Francisco Rojas January 12, 2018 at 3:20 am I'll be signing up for your academy on payday not really that much into crypto….yet but it is an amazing revolution and I would love to get some insight on the inner workings. Reply Marissa Popma January 12, 2018 at 9:46 am Have you covered the network weight terminology and crypto's like Reddcoin!? Reply Peter Farla January 12, 2018 at 1:08 pm Thanks for the video! Did you reviewed Byteball already? Reply coelhoazul January 12, 2018 at 5:24 pm Cute handsome boy! Reply UserHuge January 13, 2018 at 10:33 am Very similar to IOTA, I've expected you'd point out the differences, can you explain? Reply Jay Sheeley January 13, 2018 at 4:27 pm Could the network be handled by a mobile blockchain instead of one held on a PC? Reply Daniel SánchezN January 13, 2018 at 5:35 pm Hello Ivan, In my opinion, if you as an expert , as you seems to be, recommends RaiBlocks, then I will follow your advice and follow RaiBlocks. Thank you for sharing your knowledge. Reply AlwaysReason January 14, 2018 at 12:35 am No incentive to run full nodes/miners = obvious attack possibility, both in terms of vote hijacking & spam. These coins are pumping simply because no one is describing their monumental and obvious flaws. Reply Israel Sousa January 14, 2018 at 3:40 am Amazing explanation Ivan, nice to follow you 😀 Reply Ivan on Tech January 14, 2018 at 6:39 am SCAM ALERT! Hi everyone, a scammer is sending out emails in my name. From what I've seen they use [email protected], but other email addresses could be in use. Please DO NOT reply and spread the word! Reply CK'sGaming Channel January 14, 2018 at 1:53 pm Do you use the O shaped light on purpose? Reply Mary Willison January 15, 2018 at 4:52 am Ivan, can you please compare it side by side to Swirld’s Hashgraph? Reply OldSchool January 15, 2018 at 11:28 am I was going to say slowwwww the fk down at the start of the video, but fkkkk after 28seconds you really need to speed the fk up! Reply M Frusciante January 16, 2018 at 7:48 pm Wow, what a fantastic video. So informative. Reply Ms Archie January 18, 2018 at 6:46 pm I just wait for u to take over the world love… We should be so lucky you seem so methodical and cognizant on your technology love love love u. Reply antextra300 January 19, 2018 at 12:16 am Ivan, can I please buy your course with crypto,? .5 of a LTC or less is what I would like. thank you. Reply Peter Kim January 19, 2018 at 6:58 pm Few questions. Where do Raiblocks come from if there is no mining? If every account has its own blockchain then how does an account not connected to processing power mine it's own transactions? Where does this work happen? Reply Cryptolve January 20, 2018 at 2:41 pm Love your work Ivan!! Reply Peter January 22, 2018 at 5:33 pm crypto is beyond me….. Reply Gustavo Marinho January 22, 2018 at 8:38 pm Hey Ivan, I translated your whole video on portuguese. If you enable the community to subtitle your videos I can make the pt-br version. Reply YTRCP January 26, 2018 at 12:28 pm Good Explanation about the Technology 🙂 Reply CP FallingPixel Bentley January 27, 2018 at 9:44 pm I came here to understand how Raiblocks work. Good intro but you didn't explain how are transactions made visible between accounts? Is there some routing or common ledger? Do you we have to synch the blockchain? What about the decentralization properties of Raiblocks? Reply DaBronx January 28, 2018 at 2:56 am Can you create a RECEIVE (account receivable) before the SEND ? If I cannot SEND blind how can I automate payments? Reply Amadeu Alexandre January 28, 2018 at 5:07 pm I am sure another coin will rise up to be the day to day cryptocurrency for the mankind but I can't exactly say Raiblocks is the one, as you've stressed it has a long way to go, many function tests to be done, hacking attacks etc. But the philosophy behind the project is something really amazing as bitcoin is too power intensive today and the PoW maybe a big problem in the near future for btc maybe right before 2021. Reply Barney Google January 29, 2018 at 9:44 am The BEST technology may not always win but it seems unlikely the WORST technology will win. Bitcoin, with it's Rube Goldberg mining scheme looks like the worst to me. Reply Andre K January 30, 2018 at 1:13 am What do you think about the electra (ECA) sistem Reply dilan pas January 30, 2018 at 9:08 am earned yourself a subscribe, keep up the good work! Reply promise February 1, 2018 at 4:41 am crypto cutie! Reply OMNI INVESTMENTS February 1, 2018 at 7:23 am SMASHED! 😀 Reply PixeLabor February 1, 2018 at 12:35 pm I have a question: if I created the last block of my personal blockchain which is connected to your last block of your personal blockchain and I will edit my last block than I can sai that your last block is wrong an not mine. Reply Vance Xavier February 2, 2018 at 12:25 pm Do they have a working product? Reply Dr Hannibal Cryptor February 9, 2018 at 9:39 am If Ivan was a school teacher I would have never hated school. I am amazed that English is his second language. Reply Horus777 February 17, 2018 at 10:26 pm Ich werde mit dieser Technologie ein faires gerechtes neues Geldsystem für die gesamte Menschheit erschaffen! Es grüßt Euch HORUS777 Reply The Tech February 18, 2018 at 2:23 pm Awesome Ivan! Thanks for your contribution Reply damntasia February 22, 2018 at 4:20 pm I certainly think that BTC as a currency for micro payments or day to day currency is not sustainable. Someone will take that spot for sure IMO. I think that BTC will always be a store of value though, just like gold or silver are. And does the best tech always win? No not really. But the time we live in now everyone can review and test certain products and techs on a high level and put it out there for thousands of people and investors to read and consider. I definately think that it's become way easier for the "best tech" to succeed. Back in the days it was more about having contact to big business men and establishing a brand, where as now those things can result out of having the best technology and doing the most work in my eyes. But hey, only time will tell. Maybe you were right 😀 Anyways RaiBlocks/NANO is definately something to keep your eyes on and possibly invest in for a high risk reward play. Reply Prometheus February 23, 2018 at 2:44 pm I believe it is "the best" crypto out there. It is more than capable of what bitcoin aims to do but failed so far. XRB can easily be a worldwide currency since it's infinitely scalable and can also be a store os value without the energy and resource consumption of bitcoin. As much as I love bitcoin, I have nothing else to do but realise the technology of 3rd gen crypto kick in here. They say that the last 10 coins of BTC will require the energy of the whole sun to mine the blocks. The viability of that is for sure uncertain whereas in NANO aka RaiBlocks the future is clear and visible to see. Reply C N February 24, 2018 at 7:58 am It is simple economics that will drive non pow cryptos to be more successful at some point. Thanks for the explanation.Once proven the very low cost of running the network of cryptos like Rai Blocks will win over pow currencies like Bitcoin that costs literally billions of $ to run annually. The price of btc goes up so does the cost of running the network(linear relationship). All of this $ goes to the miners who I would think have no choice but to put them on the market immediately. The centralized miners have a business going and are not speculating. It is not like the old days when mining btc was basically free. It literally costs millions of dollars to get slightly more millions of dollars back mining.It is not the inflation that will kill the price of btc but the fact that the new coins will be mostly sold immediately. With POS this may not be the case. It is basically free to "mine" with POS.Rai blocks(Nano) is even better because has no inflation, right? If it proves itself after some serious battle hardening this is a serious contender for the prize of #1 crypto store of value. Still very early of course. Reply blendedempathy February 26, 2018 at 8:39 pm Ivan, I don't know why you're claiming that XRB's has superior technology to BTC. In what way is the lattice superior? The fact that this coin is not fungible due to the voting process through the delegated proof-of-stake is awfully bizarre for it to be classed as being superior to BTC. What happened to trustless verification? Please explain your comment. Reply James Lisenbee February 27, 2018 at 8:05 pm NANO (Raiblocks) vs Litecoin on the Lightning Network? Reply 2Head Eagle2 March 4, 2018 at 7:38 am Hi Guys does anyone have spare Eth please? 0xb3a59b9d0ff0adf77b00c9a7801a0d6719c2b917 Reply sa March 4, 2018 at 5:37 pm It's not on binance yet? Where is it then? Reply Frank Laibin March 4, 2018 at 11:46 pm Alahai hangsemnya kau Reply Christo van Zyl March 20, 2018 at 10:35 pm Hi Ivan. I am a new subscriber and REALLY enjoy your views, especially since you go way deeper into the technologies from a developers perspective,I get a lot more data about how the specific crypto works. Also, you are very clear and concise in your presentations. Excellent man! Thank you for your info. Will keep an eye on your channel! Best regards, Christo Reply Jimmy Jimmy April 15, 2018 at 12:16 pm tks you Reply Melford Miller April 16, 2018 at 2:39 am Hello ivan please can i have your telegram? Reply s k April 21, 2018 at 5:56 pm What about pascal coin…? Reply Hobart May 12, 2018 at 4:30 pm You are great bro. Keep going Reply John From Downunder May 12, 2018 at 11:59 pm Very good Reply BlockPush June 1, 2018 at 2:06 pm I'd really like you to do a GitHub on Nano… I like the idea.. but the entire thing has been built by 1 guy. Where is the code? Reply ZAKIR AHMED August 13, 2018 at 2:24 pm nothing can replace btc Reply Orange Block August 23, 2018 at 9:01 am EXCELLENT breakdown for the layperson. Thank you. Reply Music Top September 13, 2018 at 6:47 pm had to laugh today. Once Raiblocks got the issue sorted out with the two exchanges, people started panic selling. I made a tweet when the value was down to $16 saying it was the time to hold and buy. TEN MINUTES LATER the value was $26. (same name on Twitter – you can check). It WILL be going onto Binance after winning the vote (which finishes in two days) and it's still massively undervalued. Too many people bought this as a short term gain, the real winners will be the HODLers, like Datadash, yourself, myself and Co. Consider that Qtum sees 10x the volume on daily trading than Raiblocks does at the moment… just consider what the impact will be for Raiblocks once it reaches the Binance platform. Now is the time gentlemen. Reply BIAK MAN September 14, 2018 at 8:00 pm This is a good to each other and this feature have for IGN good brand Reply Olga Tarannik September 15, 2018 at 5:50 pm I think you made a very 9ood point when you concluded: all other chryptos still need to show if they can handle being beaten as much as Biteoin has been for over 9 years and not only survive, but get even stronger. And yes, Linux is way superior to Windows. The best technology is not always the most popular.. Maybe you can make another video on Raiblocks and 90 even more technical. Reply Aweebonesh TV October 26, 2018 at 1:25 am there are a few whales in nano but its a good coin Reply anonymous _ December 15, 2018 at 2:00 am I watched this vid when i was rich last year. i’m poor now Reply Dr Frank May 14, 2019 at 9:31 pm The anti-double-spending system doesn't sound like it would be effective as explained here, so what am I missing here? (video at 8:20) If I try to double spend by buying a muffin from person 1 and a few minutes later buy a donut from person 2 using the same coin by pretending transaction 1 never happened, then that will create a fork, so when everything goes to the universally shared ledger everyone votes and only 1 of those transactions actually happens. I just ripped off either the muffin guy, or the donut guy. Mission of evil accomplished either way. So, how is that kind of situation prevented? (Have posted this exact question elsewhere, I'm on a hunt for an answer) Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Save my name, email, and website in this browser for the next time I comment.