Finally, a digital currency that solves today's blockchain challenges: scalability and adoption.
RaiLight is a browser native, instant, feeless and scalable cryptocurrency built for mainstream adoption.
OverviewCryptocurrencies today have adoption and scalability challenges.
AdoptionThere are 3.77B Internet users and 5.8M cryptocurency users. While very few people know how to mine Bitcoin or install a software wallet,
just about everybody knows how to use a browser.
To that end, RaiLight is one of the world’s first browser native cryptocurrencies, where wallets, transactions and other features are all
browser based. We aim to create the simplest possible user experience with regard to using cryptocurrencies. - No installation
- No download.
- Access your wallet fast and safe in the browser.
- Send or receive payments
- See your transactions.
- Check your balance.
ScalabilityIn order to function effectively, a currency must be easily transferable, non-reversible, and have limited or no fees. The increased transaction times, large fees, and questionable network scalability have raised questions about the practicality of Bitcoin as an everyday currency.
In order to solve scalability issues RaiLight implements RaiBlocks Protocol. RaiBlocks is a low-latency cryptocurrency built on an innovative block-lattice data structure offering scalability and no transaction fees.- Feeles
- Instant Transactions
- Scalable
- Proof of Stake.
Technology RaiLight uses the latest Browser technologies eg: WebRTC, IndexedDB, .etc to implement a browser native cryptocurrency creating a truly cross device payment solution featuring: easy to use and simple UI, with no technical jargon, bundling all its structural components (wallet, payments, transactions) into the web.
DevelopmentRaiLight fosters a multi-stakeholder development ecosystem that welcomes and empowers participants who want to improve on existing features or build new tools. Anyone can submit feature proposals, and developers will be paid for their work to fulfill requirements in full view of the community. Funding for this work comes directly from the development fund we will set up in the future
Who works on RaiLight? RaiLight will operate through a contractor model that allows for new individuals or groups, to contribute to the project. As stated RaiLight’s community will play an important role in making decisions, both informally via our official channels of communication/polls and formally via the blockchain & improving,contributing new features for the project.
At present, RaiLight consists of a small but increasing number of core developers who work on the project:
- 2 core developers who actively contribute new code, will maintain future code, and implement roadmap features in RaiLight's free and open-source software and repositories.
- 1 marketing/community helper who develop a number of clearly defined areas for RailLight: (1) advertising, (2) media, (3) networking, (4) platform management, and (5) special projects.
- 1 designer work alongside the developers and marketing contractors to develop solutions in disciplines of (1) UX/UI, (2) identity, and (3) visual communications.
We need all hands on deck, to be more agile and build this project faster and better. So if you are a javascript/nodejs/C++ developer; a marketer, designer please pm us,we will make it worth your while.
Community and Principles RaiLight is looking to build a layered governance organization that extends beyond the core developers, focusing on a community-centric decision making model,which will bring forward and represent insider and outsider voices in the community. Apart from the official channels where we will always maintain an open dialogue and total transparency, we will write weekly development updates via our medium blog.
Roadmap Note: Users can only subscribe on website to to be notified on official launch
while devs can access&install the source code from git repo
but nothing live yet.
Q1 2018• WHITE PAPER DRAFT. An initial white paper to describe the
RaiLight protocol
• P2P. Development of P2P connections through Websockets
and WebRTC.
Q2 2018
• PROTOCOL. Implementation of RaiBlocks protocol in Javascript/NodeJS
native to the browser.
• WALLET. Development of a fast and safe wallet in the browser.
• TEST NET. Launching the RaiLight network on a test network
for security and bugs audit
Q3 2018
• MAINNET LAUNCH.
• EXCHANGE. List RaiLight on a list of exchanges.
• ANONYMITY. Research and implementation of privacy features
on top of RaiLight network
Q4 2018
• Partner development Having worked on prototyping, strategizing
and building a team around the project, and building a fully
working MVP we will seek and invest in strategic partnerships.
•E-COMMERCE Develop a payment gateway for ecommerce merchants,
enabling them to accept RAL
Expanding Team To kickoff the project we want to build a bigger team and have a supporting community behind RaiLight. Please sign up and submit your background details, if you are interested in joining and supporting the project.
Registration Form First big decision we take together. We need to decide on the distribution model. What should we go with ? Token sale/ Airdrop/ Faucet Distribution. Please showcase your vision & voice your opinion in the thread below. Thanks!
Weekly updates Week#1
https://medium.com/@railight.network/railight-development-update-week1-515c99a3c72c