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General Overview Of Raicoin (RAI)
Raicoin is a brand new block lattice chain designed for real life and daily use. it's a crypto system with high performance, low latency, well decentralized and easily extendable.
(1) Distributed DPoS (DDPoS): We designed the novel DDPoS algorithm for Raicoin, make it Infinitely Scalable and High Efficiency.
(2) Confirm In 1 Second: Transactions can be confirmed within 1 second even when high network load.
(3) Super High Performance: The performance on high end hardware (64 cores CPU/RAM Disk/10Gbps Network) is about 300K TPS, even on cheap VPS (such as $6/month vultr.com VPS) the performance can be 2K+ TPS.
(4) All Nodes Are Created Equal: Raicoin aims to be a well decentralized system, so there are NO master node, NO super representative, NO principal node.
(5) Staking Reward: All representatives can earn staking reward. No matter how many coins you have, you can run a node to earn all the reward generated by your coin.
(6) Pay Once Fee For Life: Raicoin introduces a Credit Secure System, accounts need to spend little amount coin to get credits from the network, than allowed to do (20 x credits) transactions every day. Transactions from accounts with high remaining percentage of allowed transactions will be processed first when the network is busy.
(7) Fullmesh Network & Bandwidth Saving: We designed a fullmesh network layer for Raicoin's DDPoS System, it will save up to 90% bandwidth cost than typical block lattice network. The fullmesh network is also used for fair proven airdrop.
(8) Issue Token in 10 Seconds: Users can create their RAI20 tokens by just some clicks, without any code skill (in developing).
(9) Automatically Swappable: All those RAI20 tokens will be automatically swappable with each other (in developing).
(10) Programmable: More than 50% of the block content can be programed by the upper layer services and third party apps. By this feature, we can easily add new features for the project. The system is also suitable for running various third-party apps (such as DEX, coin mixer, p2p instant message, fair proven lottery...).
There are three kinds of accounts: Transaction, Airdrop, Representative. Transaction accounts are generated in wallet for normal use, these accounts are allowed to Send, Receive, Change Representative, Increase Credit. Airdrop accounts are used to fulfill airdrop, these accounts are allowed to Receive, Change Representative, Destroy Self, the coins in airdrop accounts can't be spent. Representative accounts are running on nodes, equivalent to node account.
(1) All coins except those in airdrop accounts are generated by node reward.
(2) How node reward works: The reward is transaction driven, that is any new block created by Airdrop accounts or Transaction accounts will allow their Representative account to create a reward block with average 24 hours delay.
(3) Max new generated coins of each year: 1st year 40M, 2nd year 30M, 3rd year 20M, 4th year 10M, from 5th year: about 5% coins.
(4) Creating new accounts destroy coins and inactive accounts (such as lost password) will not produce new coins, so the actual supply should be less than above.