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Coin-a-Year: Raiblocks

Howdy, folks! ♫Welcome back to the show that never ends!♫
I've decided it's high time I did a Coin-a-Year on Raiblocks. This is a special feature I do to recycle old material revisit past coins I've covered of special note a year or more later. I originally posted my Coin-a-Day feature about Raiblocks on this subreddit March 7th, 2016; it didn't get much attention then, but I have a strange feeling people might be slightly interested to see the difference now.
Below is the original report. I'll strike out what is wrong now, and add [bracketed notes] for updated commentary.
I'm no expert on the current state of Rai by any means. I'd honestly thought the coin was dead later in 2016; just didn't check back into it. And now here we are.
Bias note: I got a significant bit of Rai from the original faucet. I have sold a fraction of that this year but still have a lot of it. I'm biased both by holding it and from selling it.
Hello, y'all! I saw a comment pointing to this coin as being designed for free transactions, which is a core interest to me, so I decided to look into it a little bit and do a write-up. Enjoy!
Summary
Today's coin is Raiblocks (RAIXRB), which are designed to support free transactions and no block rewards. The coins will be initially distributed by a CAPTCHA controlled faucet with an annual halving rate.
[Faucet now closed.]
Initial creation: October 15th, 2015 [1]
Coin supply: 4.8 x 1012 rai current supply in circulation; 3.4 x 1014 rai maximum supply [2]
[XRB is the new standard base unit which was Mrai before (and still I suppose). Also, supply is distributed. So we now have about 133 million XRB as the outstanding and max supply.]
All-time high: Not yet traded as far as I know. [3]
[About $37.5 or 0.0028 per CMC max so far, about two days ago]
Current price: Not yet traded as far as I know. [3]
[Depending on the exchange and moment, somewhere around $30-35 currently or about 0.002-0.0022 BTC]
Current market cap: Not yet traded as far as I know. [3]
[Somewhere around $4 billion]
Block rate (average): Unlimited [4]
Transaction rate: ? [5]
[I'm too lazy to find this right now. Maybe someone will chime in with it in the comments.]
Transaction limit (currently): None [6]
Transaction cost: Free [7]
Rich list: ? [8]
[https://raiblocks.net/page/frontiers.php - Top 100 own ~63%]
Exchanges: None yet. [3]
[Bitgrail and Mercatox have been the two main. Kucoin just added it and Binance has it in its voting which is ending shortly.]
Processing method: Proof-of-stake [9]
[Above refers I believe to dispute resolution (double spend). There's also a minor PoW for send/receive.]
Distribution method: Faucet [10]
Community: New-born [11]
[Fairly strong and growing. Good memes. Slightly drunk on euphoria currently.]
Code/development: Active development at https://github.com/clemahieu/raiblocks
Leadership: Colin LeMahieu
Innovation or special feature: Protocol designed without a limited throughput or block rate, as well as not supporting block rewards nor transaction fees.
Description
Raiblocks is, as far as I know, the first cryptocurrency designed from its start to not support any block reward or transaction fee. In addition, it has no block size or rate limit. Further, all coins will be initially distributed through a captcha-controlled faucet on the main site. It's a bold attempt, going against the conventional wisdom of what is possible.
Edit: I should mention a couple things. First, there is a PoW attached to transactions as an anti-spam defense. This PoW can be attached by the recipient rather than the sender as well, which means that large automated sends could be done without the PoW if needed and the recipient could attach that.
Also, the natural question coming from how all the rest of the cryptocurrencies work is "how does it work without an incentive to run a node?" The idea presented in the whitepaper is basically that operating a cryptocurrency has a lot of expenses, and most of them are paid "out-of-band", so why not have funding nodes be that way too? It leaves it open to whatever other incentives there may be, of which the most obvious are first: that there are only full nodes so far, so if one wants to use the coin, then one is going to run a node. More long-term, even after SPV, presumably large holders might choose to operate one regardless. Someday, if merchants accept it, they would presumably run one. And enthusiasts. It sounds very tenuous, and this is why this is such an audacious attempt in my opinion.
After six months running, the number I heard for the blockchain size was about 20 MB, which is insanely small, but the coin has gotten so little attention that I suspect there hasn't been significant load yet. I'm very curious to see how it will perform under load. I think its design actually makes it more efficient when there aren't transactions, because nothing is added to the blockchain (actually termed block lattice here, but using blockchain generically to refer to any cryptocurrency's core data), unlike in the conventional / Bitcoin model where blocks are being generated whether or not there are transactions in them. Of course that doesn't matter much when there are tons of transactions, as on Bitcoin currently, but, for instance, in Nyancoin, we accumulate tons of empty blocks all the time, where Raiblocks would just wait for more transactions. However, again, under load perhaps it could start growing "too quickly" by some metric, or eventually reach the point where it starts losing users because of the requirements of running a full node.
I think it will be very interesting to see how this turns out in practice.
[And it's certainly going to be interesting to see how it goes. So far, it's still working. Which is better than I'd hoped or expected.]
Community
The coin is relatively young but even for a young coin it's not a huge community. But there is clear discussion and interest both on BCT and on their Google Group. It looks like a healthy start to me.
[As per my comment above: Fairly strong and growing. Good memes. Slightly drunk on euphoria currently. Seems well-intentioned generally: looking to try to have some caution mixed in and putting up a bug bounty and that sort of thing. Still has a little bit of some of the common negative characteristics in crypto communities but this may be due to growth from outside communities overwhelming the local culture temporarily more than anything.]
Footnotes
[1] https://bitcointalk.org/index.php?topic=1208830.0 - Initial announcement, didn't get much attention apparently. Also, this thread mentions a built-in block-explorer with a rich list. I don't have a working client to access this at the moment but that's pretty cool.
[2] There are 2128 total units, and a rai is 1024 total units, so total supply should be about 3.4 x 1014. https://github.com/clemahieu/raiblocks/wiki/Distribution-and-Mining Distribution has been going since about November 2015, so I would expect about one-third of the initial 50% to be distributed. The block explorer seems pretty primitive; it just takes a hash. No overall stats. So I'll use that one-third of the initial 50% estimate. So about 5.7 x 1013. Note by comparison that the faucet gives 108 coins at a time currently.
Actually, this comment puts the amount of rai in circulation as 4,763,023...that can't be right, that many Mrai I think? Yeah, 1030 stated as divider there. So 4.8 x 1012 rai in current circulation.
[3] https://groups.google.com/forum/#!topic/raiblocks/PSbX_onjLfU - This topic discusses it a bit. Also comments from meor in this thread
However, I have also paid 100 NYAN for 100 Mrai. This is basically a test transaction, but 1 NYAN for 1 Mrai (106 rai) would imply a marketcap of 4.8 million NYAN, or about 0.34 BTC in current circulation. I had initially thought this was higher before recalculating with the actual amount circulating as per [2]; may also have screwed up the math initially or here.
[4] https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit - whitepaper ; each transaction could be thought of as its own block if I am grokking this right. It goes through as fast as the network can handle it. There is no fixed interval or period.
[5] I believe https://raiblocks.net/#/block-explorer is the only block explorer so far and it only supports entering a hash, so I don't have a way to determine the transactions in the last 24 hours.
[6] https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit - The protocol is designed without a limit if I understand correctly.
[7] https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit - The protocol is designed without transaction fees or block rewards.
[8] As per [5], the block explorer does not support this. There area couple addresses known to be the initial generation which will go into the faucet, but beyond that I don't know the distribution. There's supposed to be a rich list available in the built-in explorer, but I was unable to get a client running on my out-of-date systems (32-bit Windows (64-bit Windows client only), and CentOS 6 (glibc too old)).
[9] In general all full nodes are maintaining their own copies of all the information, but as I understand it the dispute resolution is based on voting by ownership of rai.
[10] All rai will be distributed through https://raiblocks.net/#/start as per https://github.com/clemahieu/raiblocks/wiki/Distribution-and-Mining
[11] There's been some discussion on BCT as well as on the google group: https://groups.google.com/forum/#!forum/raiblocks ; there's a new subreddit /raiblocks, but it's still set on private for some reason at the time of writing this footnote (just wrote a comment to meor noting this).
Further reading
https://raiblocks.net - Main site
https://github.com/clemahieu/raiblocks - Repo with documentation on the github wiki.
https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit - whitepaper
https://groups.google.com/forum/#!topic/raiblocks - Google group
https://bitcointalk.org/index.php?topic=1219264.0 - Block lattice discussion
Disclosure, disclaimer
Disclosure: I have made an agreement to purchase 100 Mrai and have paid 100 NYAN for this. I have no other financial interest in Raiblocks currently, but I do intend to get a client ultimately (my current OSes are incompatible from being too old (one is 32-bit Windows; other CentOS 6 with too old glibc)) and get free coins from the faucet and play with this more.
Disclaimer: This writing is intended for edutainmental purposes only. Any accurate information conveyed is purely incidental. No warranty of fitness for any fit purposes is implied. This column known to the State of California to cause cancer. Cave canum. Carpe carp. Caveat lector.
Up next:
Tell me what coin to write about next by sponsoring an article! A sponsored article would likely have more discussion than I did here, and less than my Coin-a-Year report on Nyancoin.
Edit: /RaiBlocks is now public! New subreddit, but hopefully it'll build up a bit over time. :-)
Edit 2: Added more than the stub discussion discussion section I'd initially done.
Okay, so those last links are generally outdated and old information and I stopped commenting through all that. Go to https://raiblocks.net/ and/or /raiblocks if you want to learn more. :-)
Again, I'm heavily biased from having gotten incredibly fortunate from this price rise and having been fortunate enough to have been introduced to the coin early on. I'm not giving trading advice. The market is crazy but I have no idea if it'll go up, down, sideways, or loop-de-loop.
Have fun and stay safe!
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Test-net là gì ? #cybermiles

Test-net là gì ? #cybermiles Testnet, một cách để trải nghiệm coin mà không cần phải mua coin Các loại tiền kỹ thuật số được phát triển có một cơ chế gọi là Testnet giúp cho các lập trình viên của nó thử nghiệm các tính năng của phần mềm mà không cần phải sợ mất coin khi dùng thử các chức năng của chương trình. Cơ chế này cũng tạo ra một mạng lưới các nút mạng, các thợ mỏ, những người dùng, và cả một blockchain mới chỉ để phục vụ cho công việc thử nghiệm, và bạn cũng có thể dùng testnet để thử trải nghiệm với loại coin đó trước khi nghiên cứu sâu hơn hoặc đầu tư tiền bạc vào nó. Sử dụng Testnet như thế nào? Để sử dụng các coin tương thích với chế độ testnet thì ta chỉ cần thêm ở dòng lệnh chạy chương trình bằng cách gõ thêm tham số -testnet. Với ứng dụng trên Windows thì chúng ta click chuột phải vào biểu tượng của chương trình và chọn properties sau đó chỗ dòng lệnh chạy chương trình ta chỉ thêm sau tên chương trình (.exe) một dấu cách và -testnet rồi chạy như bình thường. Làm thế nào để có coin trên Testnet? Đầu tiên bạn cần chạy được ví trên testnet để có địa chỉ ví trên testnet. Có nhiều nơi để bạn có thể nhận coin trên testnet, nếu bạn dùng Dash thì có thể lấy ở các nơi sau: - https://test.faucet..org Nếu bạn muốn nhận coin trên testnet của các loại coin khác thì bạn cứ vào google.com và gõ: testnet faucet Trong đó coin name là tên loại coin mà bạn muốn có trên testnet, ví dụ: bitcoin testnet faucet và bấm Enter thì Google sẽ tìm giúp bạn các trang cung cấp cho bạn những Bitcoin để bạn có thể thử dùng trên mạng testnet. Sau đó mở các trang cung cấp coin trên testnet và dán vào địa chỉ ví để các trang đó gửi coin cho bạn. Cập nhật: CyberMiles (CMT) đã ICO thành công và chỉ sau 1 ngày mở bán tổng tất cả 700 triệu coin đã được bán hết sạch. Chúc mừng những bạn đã may mắn sở hữu CMT, việc hiện nay là cần đăng ký một tài khoản trên sàn Binance.com vì CMT đã lên sàn vào ngày 5/12/2017 , sàn Huobi … và CoinMarketCap, hiện tại thì khối lượng giao dịch CMT trên houbi là trên 6 triệu $ . Giá trên huobi đang giao động ở mức 0.08 USD. tới đây CyberMiles (CMT) sẽ tổ chức một hội nghị Test-net vào ngày 30 tháng 3 năm 2018. Vậy CyberMiles là gì ? Test-net và các tính năng của nó sẽ có trong bài viết sau đây. CyberMiles là gì? CyberMiles Token (CMT) là một dự án ICO của Mỹ. Công ty mẹ chính là 5miles LLC, 5miles cũng là một ứng dụng mua sắm hàng đầu thuộc top 10 với hơn 12 triệu người dùng online tại Mỹ và giá trị giao dịch hàng năm đạt 3 tỷ USD ở mảng giao dịch. 62 triệu USD ở lĩnh vực đầu tư cá nhân. Dự án CyberMiles (”CM”) là một dự án áp dụng công nghệ blockchain và được được phát triển bởi 5xlab, một viện nghiên cứu phát triển blockchain. 5Xlab làm việc sát sao cùng 5miles với mục tiêu để vận hành marketplace C2C hàng đầu với hơn 12 triệu người dùng tại Mỹ. Đội ngũ phát triển và cố vấn cho CyberMiles là ai? TEAM : http://www.cybermiles.io/team/ Nhóm phát triển CMT cũng chính là những người điều hành và sáng lập ứng dụng 5Miles bao gồm: 1. Người đứng đầu là Tiến sĩ Lucas Lu CEO/Người Sáng lập, nhận bằng Tiến sĩ về Vật lý Hạt nhân từ SMU năm 2005. Ông làm việc tại CERN khi tham gia nghiên cứu lý thuyết và thử nghiệm Hạt Higgs (Hạt của Chúa). Lucas cũng là Tỗng Giám Đốc đầu tiên cho nền tảng Di động của Taobao, Alibaba. 2. Tiến sĩ Michael Yuan, nhận bằng Tiến sỹ về Vật lý Thiên văn từ Đại học Texas tại Austin. Ông là tác giả 5 cuốn sách về phát triển phần mềm, được phát hành bởi Prentice Hall, Addison-Wesley và O’Reilly. Michael là một người soạn sửa code cho một số dự án Open Source lớn như Firefox, Fedora, JBoss và nhiều dự án khác. 3. Alex Lau, Ông nhận bằng Khoa học Máy tính Phần mềm tại Đại học North Texas năm 1999. Ông là Quản lý R&D cho SUSE Linux tại Bắc Kinh và là CTO cho Symbio Mobile.,Cố vấn Blockchain cho WeBank và 5miles. 4.George Chen, từng là Phó Chủ tịch Phát triển Sản phẩm tại Allyes, nền tảng quảng cáo và agency digital marketing lớn nhất tại Trung Quốc, từng là kỹ sư chính của DoubleClick, một công ty con thuộc Google. 5. Garwin Chan, CFO, ông từng là Giám đốc Điều hành tại Founder H Fund. Trước đó, ông giữ vai trò Phó Chủ tịch Bain Capital, một công ty đầu tư hàng đầu thế giới. Garwin tốt nghiệp bằng Khá tại Trường Harvard năm 2003. 6. Rick Cantu, Tổng Giám đốc. Trước đây ông từng là Phó Chủ tịch Good Deeds Wireless, một startup về viễn thông di động, và đã làm việc hơn 20 năm trong lĩnh vực TMT. Trước khi startup, ông là cố vấn cao cấp tại Morgan Stanley. Cybermiles còn có đội ngũ nhân viên tại Mỹ và 2 đội ngũ khác tại Bắc Kinh và Thượng Hải, Trung Quốc. Đội ngũ cố vấn cho dự án đều xuất thân từ Mỹ trong lãnh vực tư vấn start-up, quỹ đầu tư, luật sư và cố vấn chiến lược khách hàng. Tóm lại khi nhìn vào danh sách nhóm phát triển và những cố vấn cho dự án CyberMiles chúng ra sẽ thấy rất tin tưởng và chắc chắn đây sẽ là một dự án uy tín rất lớn. #cybermiles. http://www.cybermiles.io/ https://bitcointalk.org/index.php?topic=3179247
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Useful links and resources to get started on your crypto-journey. Feel free to add links that you think will help new users in the comments. Upvote comments that have links that you feel should be added to this list!

Please read this post before getting involved into any crypto projects so that you don't get scammed or have funds stolen:
https://bitcointalk.org/index.php?topic=936724.0
Our new ad-free community driven cryptocurrency, cybersecurity, blockchain and cryptography dedicated website:
http://www.dailycryptonews.org
Crypto based social media:
Bitcointalk Forums: The original Bitcoin forum created by Satoshi Nakamoto, the creator of Bitcoin.
http://www.bitcointalk.org
Steemit:
https://steemit.com/@kryp70kn1gh7
Discord:
https://discord.gg/GX7ex9K
Twitter:
https://twitter.com/Kryp70Kn1gh7
Paxexlive:
http://www.paxexlive.com
Master Nodes: Find out the stats to masternode coins in order to discover new projects to invest in or to keep tabs on the projects you are supporting.
http://masternodes.online
Youtube channels:
Colin Talks Crypto - https://www.youtube.com/channel/UCnqJ2HjWhm7MbhgFHLUENfQ
VoskCoin - https://www.youtube.com/channel/UCT44w6854K62cSiwA1aiXfw
Coin Decrypt - https://www.youtube.com/channel/UCP7XI8a2yaToiulX848vdRQ
We will edit this list over time. Please add your submissions by commenting and after checking them out, if the community feels like they are good resources then we will add them to the list!

Exchanges: *(*Some of these links are affiliate links and are used to support the community, they are posted here so that there is no reason for other users to flood our sub with affiliate links for different exchanges. Also, some affiliate links actually do provide value to new users by giving them bonuses that they could not get by signing up without it. There are exceptions to the affiliate link posting rule and this is one of them: If you have a link to a reputable exchange or service that brings value to the community and we do not have it listed, yet. If someone has specifically asked for a link to a service that they are looking for or if you have a link to a service that brings value to the community that we have not listed. Please keep in mind that we are trying to find the best ways to handle affiliate links for the benefit of the community while still reducing shilling and spam. If you have an ideas, thoughts or suggestions on this then please post in the comments.)
Coinbase: Coinbase is a trusted exchange that has been around a long time where users can convert crypto to USD and USD to crypto. it is one of the most secure and trusted exchanges, new users will get $10 free bitcoin with $100 BTC purchase, be aware of 13 day restriction they put on moving NEW funds out of the platform.
https://www.coinbase.com/join/59fd6beea6ecfb00fffd9c90
Binance: Low fees, trusted mainstream exchange
https://www.binance.com/en?ref=13115625
Bittrex: A trusted/reliable exchange that has supported many forks in the past.
http://www.bittrex.com
Probit: $4 tether bonus for $50 deposit
https://t.co/0GQ8lpwZnR
Crex24: Lots of faucets for free coin "samples" and newer coins (anonymous)
https://crex24.com/?refid=yrbhf9n88d9tzk8rh595
Coin Exchange: A good and simple exchange that has been around a while:
https://www.coinexchange.io/?r=679ad99c
Cryptopia: An reputable exchange that has been around a while with decent support
https://www.cryptopia.co.nz/Register?referrer=Kryp70Kn1gh7
Legit faucets:
The point of the faucets is to give the links to your friends who are new to crypto so that they can get some free coin to try out. I keep rolling so that I can share my winnings with the people that sign up using my links. I set these the default startup pages in my browsers so that every time I open my web browser or a new tab it automatically goes here, that way I don't forget or have to try to remember to claim my free coins every hour... it's free crypto and it earns interest after a certain point, so why not? It has actually added up after doing it multiple times a day every day for over a year... once I learned not to waste it all to the dice game :)
Free Dogecoin - https://freedoge.co.in/#
Free Bitcoin: - https://freebitco.in/





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[uncensored-r/CryptoCurrency] Coin-a-Year: Raiblocks

The following post by coinaday is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7o66q0
The original post's content was as follows:
Howdy, folks! ?Welcome back to the show that never ends!?
I've decided it's high time I did a Coin-a-Year on Raiblocks. This is a special feature I do to recycle old material revisit past coins I've covered of special note a year or more later. I originally posted my Coin-a-Day feature about Raiblocks on this subreddit March 7th, 2016; it didn't get much attention then, but I have a strange feeling people might be slightly interested to see the difference now.
Below is the original report. I'll strike out what is wrong now, and add [bracketed notes] for updated commentary.
I'm no expert on the current state of Rai by any means. I'd honestly thought the coin was dead later in 2016; just didn't check back into it. And now here we are.
Bias note: I got a significant bit of Rai from the original faucet. I have sold a fraction of that this year but still have a lot of it. I'm biased both by holding it and from selling it.
Hello, y'all! I saw a comment pointing to this coin as being designed for free transactions, which is a core interest to me, so I decided to look into it a little bit and do a write-up. Enjoy!
Summary
Today's coin is Raiblocks (RAIXRB), which are designed to support free transactions and no block rewards. The coins will be initially distributed by a CAPTCHA controlled faucet with an annual halving rate.
[Faucet now closed.]
Initial creation: October 15th, 2015 [1]
Coin supply: 4.8 x 1012 rai current supply in circulation; 3.4 x 1014 rai maximum supply [2]
[XRB is the new standard base unit which was Mrai before (and still I suppose). Also, supply is distributed. So we now have about 133 million XRB as the outstanding and max supply.]
All-time high: Not yet traded as far as I know. [3]
[About $37.5 or 0.0028 per CMC max so far, about two days ago]
Current price: Not yet traded as far as I know. [3]
[Depending on the exchange and moment, somewhere around $30-35 currently or about 0.002-0.0022 BTC]
Current market cap: Not yet traded as far as I know. [3]
[Somewhere around $4 billion]
Block rate (average): Unlimited [4]
Transaction rate: ? [5]
[I'm too lazy to find this right now. Maybe someone will chime in with it in the comments.]
Transaction limit (currently): None [6]
Transaction cost: Free [7]
Rich list: ? [8]
[https://raiblocks.net/page/frontiers.php - Top 100 own ~63%]
Exchanges: None yet. [3]
[Bitgrail and Mercatox have been the two main. Kucoin just added it and Binance has it in its voting which is ending shortly.]
Processing method: Proof-of-stake [9]
[Above refers I believe to dispute resolution (double spend). There's also a minor PoW for send/receive.]
Distribution method: Faucet [10]
Community: New-born [11]
[Fairly strong and growing. Good memes. Slightly drunk on euphoria currently.]
Code/development: Active development at https://github.com/clemahieu/raiblocks
Leadership: Colin LeMahieu
Innovation or special feature: Protocol designed without a limited throughput or block rate, as well as not supporting block rewards nor transaction fees.
Description
Raiblocks is, as far as I know, the first cryptocurrency designed from its start to not support any block reward or transaction fee. In addition, it has no block size or rate limit. Further, all coins will be initially distributed through a captcha-controlled faucet on the main site. It's a bold attempt, going against the conventional wisdom of what is possible.
Edit: I should mention a couple things. First, there is a PoW attached to transactions as an anti-spam defense. This PoW can be attached by the recipient rather than the sender as well, which means that large automated sends could be done without the PoW if needed and the recipient could attach that.
Also, the natural question coming from how all the rest of the cryptocurrencies work is "how does it work without an incentive to run a node?" The idea presented in the whitepaper is basically that operating a cryptocurrency has a lot of expenses, and most of them are paid "out-of-band", so why not have funding nodes be that way too? It leaves it open to whatever other incentives there may be, of which the most obvious are first: that there are only full nodes so far, so if one wants to use the coin, then one is going to run a node. More long-term, even after SPV, presumably large holders might choose to operate one regardless. Someday, if merchants accept it, they would presumably run one. And enthusiasts. It sounds very tenuous, and this is why this is such an audacious attempt in my opinion.
After six months running, the number I heard for the blockchain size was about 20 MB, which is insanely small, but the coin has gotten so little attention that I suspect there hasn't been significant load yet. I'm very curious to see how it will perform under load. I think its design actually makes it more efficient when there aren't transactions, because nothing is added to the blockchain (actually termed block lattice here, but using blockchain generically to refer to any cryptocurrency's core data), unlike in the conventional / Bitcoin model where blocks are being generated whether or not there are transactions in them. Of course that doesn't matter much when there are tons of transactions, as on Bitcoin currently, but, for instance, in Nyancoin, we accumulate tons of empty blocks all the time, where Raiblocks would just wait for more transactions. However, again, under load perhaps it could start growing "too quickly" by some metric, or eventually reach the point where it starts losing users because of the requirements of running a full node.
I think it will be very interesting to see how this turns out in practice.
[And it's certainly going to be interesting to see how it goes. So far, it's still working. Which is better than I'd hoped or expected.]
Community
The coin is relatively young but even for a young coin it's not a huge community. But there is clear discussion and interest both on BCT and on their Google Group. It looks like a healthy start to me.
[As per my comment above: Fairly strong and growing. Good memes. Slightly drunk on euphoria currently. Seems well-intentioned generally: looking to try to have some caution mixed in and putting up a bug bounty and that sort of thing. Still has a little bit of some of the common negative characteristics in crypto communities but this may be due to growth from outside communities overwhelming the local culture temporarily more than anything.]
Footnotes
[1] https://bitcointalk.org/index.php?topic=1208830.0 - Initial announcement, didn't get much attention apparently. Also, this thread mentions a built-in block-explorer with a rich list. I don't have a working client to access this at the moment but that's pretty cool.
[2] There are 2128 total units, and a rai is 1024 total units, so total supply should be about 3.4 x 1014. https://github.com/clemahieu/raiblocks/wiki/Distribution-and-Mining Distribution has been going since about November 2015, so I would expect about one-third of the initial 50% to be distributed. The block explorer seems pretty primitive; it just takes a hash. No overall stats. So I'll use that one-third of the initial 50% estimate. So about 5.7 x 1013. Note by comparison that the faucet gives 108 coins at a time currently.
Actually, this comment puts the amount of rai in circulation as 4,763,023...that can't be right, that many Mrai I think? Yeah, 1030 stated as divider there. So 4.8 x 1012 rai in current circulation.
[3] https://groups.google.com/forum/#!topic/raiblocks/PSbX_onjLfU - This topic discusses it a bit. Also comments from meor in this thread
However, I have also paid 100 NYAN for 100 Mrai. This is basically a test transaction, but 1 NYAN for 1 Mrai (106 rai) would imply a marketcap of 4.8 million NYAN, or about 0.34 BTC in current circulation. I had initially thought this was higher before recalculating with the actual amount circulating as per [2]; may also have screwed up the math initially or here.
[4] https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit - whitepaper ; each transaction could be thought of as its own block if I am grokking this right. It goes through as fast as the network can handle it. There is no fixed interval or period.
[5] I believe https://raiblocks.net/#/block-explorer is the only block explorer so far and it only supports entering a hash, so I don't have a way to determine the transactions in the last 24 hours.
[6] ...
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