A new report has come out detailing the price of the popular coin known as Raiblocks. Raiblocks has been a breakthrough technology for the crypto industry for quite some time now, but has had recent difficulties with price action given the recent cryptocurrency market crash. With the coin hitting a high in the mid-$30s during December, it has since shot back down to around half of that value. The report states that “aiBlocks (CURRENCY:XRB) traded down 2.5% against the dollar during the one day period ending at 19:00 PM ET on January 23rd. One RaiBlocks coin can now be bought for $14.14 or 0.00130360 BTC on popular cryptocurrency exchanges including RightBTC, CoinFalcon, Kucoin and Mercatox.
In the last seven days, RaiBlocks has traded 8.9% lower against the dollar. RaiBlocks has a market cap of $1.88 billion and $15.55 million worth of RaiBlocks was traded on exchanges.” There are two reasons that give Raiblocks its high level of popularity when compared to other cryptocurrencies. The first of those is the low transaction fees. With bitcoin, there are usually very high transaction fees regardless of the amount of the transaction. Raiblocks is able to have low to almost no fees for transactions due to its unique type of blockchain technology.
Raiblocks uses a system of having an individual block for each transaction as opposed to one big blockchain network. This means that the time for each transaction to go through is almost instantly. With bitcoin, transactions can take hours to weeks just to go through due to the high amount of people and computer space involved in the transaction. The hopes are high that Raiblocks can continue its rise into changing the way that we use cryptocurrency, for a better future economic system in the digital age.