[ANN][RAI]Raicoin: a Fully Decentralized & High Performance Multichain

[BitHaru]

Telegram group:https://t.me/RaicoinOfficial

2021-03-15:
     1. Node and PC wallet V1.5 has been released;
     2. Welcome to run rai nodes and mine free RAI.
 

github repositories: https://github.com/RaicoinCommunity
Website: https://www.raicoin.org
Whitepaper: https://github.com/raicoincommunity/Raicoin/wiki/Whitepaper-V1.0
Exchange: https://atomars.com/trading/RAIUSDT

                
================================================================================================

Raicoin(RAI):  A Revolutionary Blockchain for Real Life & Daily Use

================================================================================================
1. What is Raicoin?

Raicoin is a next generation public blockchain designed for real life and daily use. it's a multi-chain system with high performance, low latency, fully decentralized and easily extendable.

2. Unique/Key Features

(1) Confirm In 1 Second

• We designed a novel Distributed Confirmation System for Raicoin. Ensure that all transactions can be confirmed within 1 second even when high network load.

 

(2) 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.

 

(3) All Nodes Are Created Equal

• Raicoin aims to be a well decentralized system.
• So there are NO master node, NO super representative, NO block producer...
• 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.

   

(4) 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.

 

(5) Fullmesh Network & Bandwidth Saving

• We designed a fullmesh network layer for Raicoin's Distributed Confirmation System.
• It will save up to 90% bandwidth cost than typical block lattice network.
• The fullmesh network is also used for fair proven airdrop.

 

(6) 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 (such as RAI20 token&swap) for the project.
• The system is also suitable for running various third-party apps (such as coin mixer, p2p instant message, fair proven lottery...).

 

3.Account Types

• 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 genesis account and 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 accounts.

 
  

4.Distribution

• All coins except those in airdrop accounts are generated by node reward.
• 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 node account to create a reward block with average 24 hours delay.
• 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.
  

 

[1715146279]

1715146279

[1715146279]

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[1715146279]

1715146279

[gold969]

  

   much of the success of the NANO(formerly Raiblocks) is that any, I repeat-anyone could produce these coins. you don't.

_{9.3 In first 2 quarters, only invited nodes can get airdrop. And after then all nodes can get airdrop.
    9.4 How to get invitations?
        (1) To be active github contributors for the project.
        (2) By donation, the minimum amounts of BTC for an invitation are as follows(UTC time):}

  although the project seems interesting to me, I will look.


 Sep. 2019: 0.001BTC    how many nodes will there be, or an unlimited number? it's a small amount.

 and I have a dynamic IP, can I start the node?

[Keltrentt]

How do I set up my node? Link to windows wallet?

[gold969]

How do I set up my node? Link to windows wallet?

   Roadmap:
    (1) Beta release: March 31, 2020.

[BitHaru]

 

   much of the success of the NANO(formerly Raiblocks) is that any, I repeat-anyone could produce these coins. you don't.

_{9.3 In first 2 quarters, only invited nodes can get airdrop. And after then all nodes can get airdrop.
    9.4 How to get invitations?
        (1) To be active github contributors for the project.
        (2) By donation, the minimum amounts of BTC for an invitation are as follows(UTC time):}

  although the project seems interesting to me, I will look.


 Sep. 2019: 0.001BTC    how many nodes will there be, or an unlimited number? it's a small amount.

 and I have a dynamic IP, can I start the node?

1. unlimited number nodes, The more nodes, the more secure the network. The ideal network size is 10k+.
2. 0.001 is indeed a small amount, but September is over soon. It is for guys with wise eyes.
3. dynamic IP is OK, but the suggestion is to run on VPS for better online time.

[gold969]

 

   much of the success of the NANO(formerly Raiblocks) is that any, I repeat-anyone could produce these coins. you don't.

_{9.3 In first 2 quarters, only invited nodes can get airdrop. And after then all nodes can get airdrop.
    9.4 How to get invitations?
        (1) To be active github contributors for the project.
        (2) By donation, the minimum amounts of BTC for an invitation are as follows(UTC time):}

  although the project seems interesting to me, I will look.


 Sep. 2019: 0.001BTC    how many nodes will there be, or an unlimited number? it's a small amount.

 and I have a dynamic IP, can I start the node?

1. unlimited number nodes, The more nodes, the more secure the network. The ideal network size is 10k+.
2. 0.001 is indeed a small amount, but September is over soon. It is for guys with wise eyes.
3. dynamic IP is OK, but the suggestion is to run on VPS for better online time.

  I still have a lot of time, the whole 3 days, see what else people write...
I am confused by the far the month of March... a lot of time before launch.

[HmmMAA]

Seems interesting , but i would prefer if you could accept NANO instead of BTC . I believe that NANO holders could back a project like that so consider NANO as an alternative payment .
Looking forward to see how the development will evolve .

[Mihawk]

There are still about 6 months until the beta release. Many things can happen. Unable to launch before?

[notsofast]

How do you determine online-ness of a node in order to reward it? By IP address? What happens if someone spins up 5000 VPSs to collect airdrops?

Seems interesting , but i would prefer if you could accept NANO instead of BTC . I believe that NANO holders could back a project like that so consider NANO as an alternative payment .
Looking forward to see how the development will evolve .

This is actually a cool idea.

[acty]

To get invitation, how to sign raicoin node id with the address?

[BitHaru]

To get invitation, how to sign raicoin node id with the address?

many bitcoin wallets (e.g. electrum,trezor) can sign/verify message, some examples:

https://www.youtube.com/results?search_query=bitcoin+wallet+sign+message

[BitHaru]

Seems interesting , but i would prefer if you could accept NANO instead of BTC . I believe that NANO holders could back a project like that so consider NANO as an alternative payment .
Looking forward to see how the development will evolve .

thanks, NANO is added.

[BitHaru]

How do you determine online-ness of a node in order to reward it? By IP address? What happens if someone spins up 5000 VPSs to collect airdrops?

1.reward by a node's total online time, example: a node with 10 days online time and 10 nodes with 1 day online time each, they have the same probability to get airdrop.

2. By IP address? yes, one IP for only one node.

3. In early stage, if some guy run mass nodes, he may collect the majority airdrop. This is really bad. It's why only invited nodes can get airdrop for the first 6 months.

[itaobi]

very interesting, i will follow

[itaobi]

if i donate 100 NANO in one transaction, i can get 10 invitations, right?

[my dream2021]

Wow, so 2020 is good plans huh ?
I have 3 project on 2020 on my watchlist, and I think I will add this project too.

bona laboro dev

[BitHaru]

if i donate 100 NANO in one transaction, i can get 10 invitations, right?

yes

[tippytoes]

By any chance, do you happen to get your domain name for this project?

You are aiming to release live by next year. That's a long long waiting time especially if we are talking about crypto time. This thread might not be even active anymore by that time. What do you think is your edge that crypto users will not forget your project?

[BitHaru]

By any chance, do you happen to get your domain name for this project?

You are aiming to release live by next year. That's a long long waiting time especially if we are talking about crypto time. This thread might not be even active anymore by that time. What do you think is your edge that crypto users will not forget your project?

1. project domain is added.
2. you are right, time is critical. I may work full time on the project, if i receive some more donation.

[itaobi]

Donated, hope launching earlier than the roadmap.

[BitHaru]

Donated, hope launching earlier than the roadmap.

thx, i will do my best.

[iDagCoin]

Donated, hope launching earlier than the roadmap.

thx, i will do my best.

interesting, i will keep an eye on your project

[fonship]

This is smart scammer, selling unlimited nodes for cheap price and people are getting trapped.
he mentioned longer release time so that more and more people end up depositing BTC/NANO

Anyone remember back in early 2018 many DAG based scams launched and collected money in similar way.
Avoid it.

[rahmad2nd]

This is smart scammer, selling unlimited nodes for cheap price and people are getting trapped.
he mentioned longer release time so that more and more people end up depositing BTC/NANO

Anyone remember back in early 2018 many DAG based scams launched and collected money in similar way.
Avoid it.

we must learn from previous experience so that nothing bad happens, as a whole they were able to get interest because of the very attractive offered
just depends on each person if you don't want to be stuck with a tempting offer

[BitHaru]

This is smart scammer, selling unlimited nodes for cheap price and people are getting trapped.
he mentioned longer release time so that more and more people end up depositing BTC/NANO

Anyone remember back in early 2018 many DAG based scams launched and collected money in similar way.
Avoid it.

Everyone has their own judgment and there is no need to vilify others to promote your own projects.

[BitHaru]

Talk is cheap, i will show you the code, please check what i do everyday on the github.

[itaobi]

hi, the website https://raicoin.org is down?

[BitHaru]

hi, the website https://raicoin.org is down?

thanks for report, it's ok now.

[iDagCoin]

how many official invited nodes are there?

[BitHaru]

how many official invited nodes are there?

16 (8 light nodes + 8 full nodes)

[BitHaru]

The development keeps going, please check it on github: https://github.com/raicoincommunity/Raicoin

[itaobi]

The development keeps going, please check it on github: https://github.com/raicoincommunity/Raicoin

come on, dude

[BitHaru]

The development keeps going, please check it on github: https://github.com/raicoincommunity/Raicoin

come on, dude

Thanks

[BitHaru]

I have n’t post here for a long time, but the development has never been interrupted. github:https://github.com/raicoincommunity/Raicoin

[Mihawk]

Will the beta release be in March yet?

[iTradeChips]

make it a human mineable coin like how NANO started. otherwise its no different from hundreds of other projects out there

[BitHaru]

Haven't been here for a long time, after 7 months developing, the first beta version has been released. Pm me your raicoin account, i will send u some coins for test. thanks!

wallet download page: https://github.com/raicoincommunity/Raicoin/releases

[BitHaru]

Will the beta release be in March yet?

The beta version was released, welcome to test it.

[BitHaru]

make it a human mineable coin like how NANO started. otherwise its no different from hundreds of other projects out there

Human minable by solving captcha is not safe, i know some guy using anti captcha service (eg. 2captcha.com) to collect a lot of coins at very low cost.

[itaobi]

Haven't been here for a long time, after 7 months developing, the first beta version has been released. Pm me your raicoin account, i will send u some coins for test. thanks!

wallet download page: https://github.com/raicoincommunity/Raicoin/releases

PM u failed, my account:rai_1reqkju38qe4nd4hym3foaakg1i56cec9uaq6nym5xjn5bkttxfkes48fktu, thank you

[BitHaru]

Haven't been here for a long time, after 7 months developing, the first beta version has been released. Pm me your raicoin account, i will send u some coins for test. thanks!

wallet download page: https://github.com/raicoincommunity/Raicoin/releases

PM u failed, my account:rai_1reqkju38qe4nd4hym3foaakg1i56cec9uaq6nym5xjn5bkttxfkes48fktu, thank you

sent

[itaobi]

Haven't been here for a long time, after 7 months developing, the first beta version has been released. Pm me your raicoin account, i will send u some coins for test. thanks!

wallet download page: https://github.com/raicoincommunity/Raicoin/releases

PM u failed, my account:rai_1reqkju38qe4nd4hym3foaakg1i56cec9uaq6nym5xjn5bkttxfkes48fktu, thank you

sent

thx!

[itaobi]

Haven't been here for a long time, after 7 months developing, the first beta version has been released. Pm me your raicoin account, i will send u some coins for test. thanks!

wallet download page: https://github.com/raicoincommunity/Raicoin/releases

PM u failed, my account:rai_1reqkju38qe4nd4hym3foaakg1i56cec9uaq6nym5xjn5bkttxfkes48fktu, thank you

sent

wow, i make some transactions, they only take 1 second to confirm. but i may find a bug: when i send 10 coins to a new account, only receive 9

[wishforme]

 send some coins to  for the test,ths.

rai_3emjfce6t136bi6bjfop7zfsjszsauymbdurbcdg8i9t5s7ogurxxjxq1z6u

[BitHaru]

send some coins to  for the test,ths.

rai_3emjfce6t136bi6bjfop7zfsjszsauymbdurbcdg8i9t5s7ogurxxjxq1z6u

sent

[BitHaru]

Haven't been here for a long time, after 7 months developing, the first beta version has been released. Pm me your raicoin account, i will send u some coins for test. thanks!

wallet download page: https://github.com/raicoincommunity/Raicoin/releases

PM u failed, my account:rai_1reqkju38qe4nd4hym3foaakg1i56cec9uaq6nym5xjn5bkttxfkes48fktu, thank you

sent

wow, i make some transactions, they only take 1 second to confirm. but i may find a bug: when i send 10 coins to a new account, only receive 9

it's not a bug, but a feature. it's part of the Credit Mechanism:

2. Credit Mechanism: NANO uses POW to anti transaction flooding attack, this approach will be replaced by the new credit system.
   2.1 Accounts destroy little amount coin to get credits from the network, than allowed to do (20 x credits) transactions every day(In a word, buy once for life).
  2.2 Any account must have at least 1 credit when it is created.
   2.2 The cost of credit will gradually decrease.
   2.3 Transactions from accounts with high remaining percentage of allowed transactions will be processed first when the network is busy.

[itaobi]

Haven't been here for a long time, after 7 months developing, the first beta version has been released. Pm me your raicoin account, i will send u some coins for test. thanks!

wallet download page: https://github.com/raicoincommunity/Raicoin/releases

PM u failed, my account:rai_1reqkju38qe4nd4hym3foaakg1i56cec9uaq6nym5xjn5bkttxfkes48fktu, thank you

sent

wow, i make some transactions, they only take 1 second to confirm. but i may find a bug: when i send 10 coins to a new account, only receive 9

it's not a bug, but a feature. it's part of the Credit Mechanism:

2. Credit Mechanism: NANO uses POW to anti transaction flooding attack, this approach will be replaced by the new credit system.
   2.1 Accounts destroy little amount coin to get credits from the network, than allowed to do (20 x credits) transactions every day(In a word, buy once for life).
  2.2 Any account must have at least 1 credit when it is created.
   2.2 The cost of credit will gradually decrease.
   2.3 Transactions from accounts with high remaining percentage of allowed transactions will be processed first when the network is busy.

ok, got it

[iDagCoin]

Is there a macOS or iOS wallet?

[xuzicheng1001]

When to go online the main network, how to participate in mining?

[BitHaru]

Is there a macOS or iOS wallet?

Not yet. But Mac wallet is in development.

[BitHaru]

When to go online the main network, how to participate in mining?

1. No later than September 30, 2020.
2. Running a node to get airdrop. In the first 180 days, airdrops will only be distributed to invited nodes, and after then all online nodes can get it.

[iDagCoin]

pls send some coins to rai_3iey98js1nssywccgf377auasa4tufmwir369buycoyre4u6476foq1mu61i

[BitHaru]

pls send some coins to rai_3iey98js1nssywccgf377auasa4tufmwir369buycoyre4u6476foq1mu61i

sent

[BitHaru]

Beta version V0.2 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/21b3094

New features:
sign/verify message
light bootstrap

[taivujay]

Is there a Linux wallet?

[BitHaru]

Update on 05/21/2020:
Telegram group:https://t.me/RaicoinOfficial
For all donators: please contact my Telegram(https://t.me/BitHaru) to verify your account, thanks.

[BitHaru]

Is there a Linux wallet?

Not yet.

[optional7]

rai_11nnahbr4sncutaxd5qtedx711oziy9w6yf7chq3u9mz3mybbqhhies69s7q
please send some coins for test.

[BitHaru]

rai_11nnahbr4sncutaxd5qtedx711oziy9w6yf7chq3u9mz3mybbqhhies69s7q
please send some coins for test.

sent

[modewei]

Please send me some coins for testing. Thank you. My wallet address is: rai_1skbdb5yxfywjpsz6c8h83piedzwwhne5udyw9187tixc5htxquw8bpo5g7f

[PeeeterPyy]

rai_3tyururk757jmyshti96isdrtwqwiceo8fowncxwwabd9a4esdswrru7hqft
please send some coins for test.

[BitHaru]

Beta version V0.3 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/5964f11

New features:
block extensions
  sub_account extension
  transaction note extension

[BitHaru]

Please send me some coins for testing. Thank you. My wallet address is: rai_1skbdb5yxfywjpsz6c8h83piedzwwhne5udyw9187tixc5htxquw8bpo5g7f

sent, please upgrade wallet V0.3 to receive the coin

[BitHaru]

rai_3tyururk757jmyshti96isdrtwqwiceo8fowncxwwabd9a4esdswrru7hqft
please send some coins for test.

sent, please upgrade wallet V0.3 to receive the coin

[itaobi]

rai_38ssase4ppphh4qio8bucsuobp5khgmm6zig5fm9rx46okrfk1h3azip3pjr
plz send some test coins.

[U]

any new features?
or just a copy of xrb/nano?

[jslv587]

rai_3ph7jb1x7fnmscrfu73rm571mhdq7s3foycd7kq1jqkcf7wkkbfiwf3btrj3
Please send some coins for testing

[BitHaru]

rai_38ssase4ppphh4qio8bucsuobp5khgmm6zig5fm9rx46okrfk1h3azip3pjr
plz send some test coins.

sent

[BitHaru]

rai_3ph7jb1x7fnmscrfu73rm571mhdq7s3foycd7kq1jqkcf7wkkbfiwf3btrj3
Please send some coins for testing

sent

[BitHaru]

any new features?
or just a copy of xrb/nano?

All code are newly developed, and many new features are introduced

[optional7]

can i send coin less than 1 RAI, e.g. 0.001 RAI?

[xmryouxiu]

1

[BitHaru]

can i send coin less than 1 RAI, e.g. 0.001 RAI?

yes, the minimum unit is 0.000 000 001 RAI

[BitHaru]

Beta version V0.4 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/V0.4

New features:
add wallet logo
bugfix

[optional7]

can i send coin less than 1 RAI, e.g. 0.001 RAI?

yes, the minimum unit is 0.000 000 001 RAI

thanks

[BitHaru]

Live version V1.0 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/V1.0

This version is used for the trial operation of the live network. If there are no irreversible fatal bugs, it will operate as the main network. Otherwise, we reserve the right to reset the network.

[optional7]

Live version V1.0 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/V1.0

This version is used for the trial operation of the live network. If there are no irreversible fatal bugs, it will operate as the main network. Otherwise, we reserve the right to reset the network.

Does the beta net still alive? The beta wallet is uninstalled when i install the live wallet.

[BitHaru]

Live version V1.0 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/V1.0

This version is used for the trial operation of the live network. If there are no irreversible fatal bugs, it will operate as the main network. Otherwise, we reserve the right to reset the network.

Does the beta net still alive? The beta wallet is uninstalled when i install the live wallet.

Yes, beta network is still running, install the beta wallet again, when the system ask u if uninstall the existing rai_wallet, choose NO.

[BitHaru]

How to run a node:
https://github.com/raicoincommunity/Raicoin/wiki/Run-a-Node

[Caztiel]

For Windows, is the Windows wallet itself is a node ?
Also can we have a group on Discord ?

[BitHaru]

The warm up giveaway is in progress, please join our telegram group to claim your free coins:https://t.me/RaicoinOfficial

[BitHaru]

For Windows, is the Windows wallet itself is a node ?
Also can we have a group on Discord ?

1. no. The wallet is just a wallet. It's not a good design to run a node on PC.
2. the giveaway bot is developed based on telegram. Currently, i don’t have enough time to develop a discord based bot.

[BitHaru]

Live version V1.1 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/V1.1

New features:
    1. Add rpc for rai_wallet app.
    2. Security enhancement.

[BitHaru]

tip: all donators, please contact me to claim your invited node account, the airdrop to invited nodes  is in progress

[Anij]

How can i get more coins except free giveaway? May i buy some coins from u? @BitHaru

[BitHaru]

How can i get more coins except free giveaway? May i buy some coins from u? @BitHaru

we don't sell coins at this moment, you'd better running a invited node to get airdrop.

[Anij]

How can i get more coins except free giveaway? May i buy some coins from u? @BitHaru

we don't sell coins at this moment, you'd better running a invited node to get airdrop.

thanks

[BitHaru]

To all node owners: 2 tips for maximizing your node reward
1. Change your wallet account's representative to your own node account
2. Make least 1 transaction every 2 days. This is due to the reward is transaction driven and the RewardRate is designed as daily compound rate.  Especially the first year you should do this.

[BitHaru]

The giveaway bot is upgraded  with the referral bonus feature:  Both referrer and referee will get 50% extra bonus every time the referee claims giveaway.

[Anij]

The giveaway bot is upgraded  with the referral bonus feature:  Both referrer and referee will get 50% extra bonus every time the referee claims giveaway.

If any buddy wants a referrer, please PM me

[BitHaru]

The giveaway bot is upgraded  with the referral bonus feature:  Both referrer and referee will get 50% extra bonus every time the referee claims giveaway.

If any buddy wants a referrer, please PM me

Thanks for promoting, but please DO NOT SPAM any where, thanks

[Anij]

Thanks for promoting, but please DO NOT SPAM any where, thanks

i will never do that

[BitHaru]

Some donator still don't contact me, please claim your invited node account ASAP

[BitHaru]

Reminder: last day for  0.1BTC/invitation, the dead line is 1, Sep, 2020 00:00:00 UTC

[optional7]

Does raicoin support smart contract?

[BitHaru]

Does raicoin support smart contract?

In the block-lattice architecture, smart contract is only suitable for apps without data exchange between its users, i haven't seen such a service scenario yet.
But RAI does support apps such as token in other way

[optional7]

Does raicoin support smart contract?

In the block-lattice architecture, smart contract is only suitable for apps without data exchange between its users, i haven't seen such a service scenario yet.
But RAI does support apps such as token in other way

got it, ty

[BitHaru]

To node owners: Please change the default SSH port for better security
follow this article:https://linuxize.com/post/how-to-change-ssh-port-in-linux/

[BitHaru]

The whitepaper updated: https://github.com/raicoincommunity/Raicoin/wiki/Whitepaper-V0.1

[1mportant]

hi, i donated from my another bitcointalk account which i forgot the password, how can i verify my donation?

[BitHaru]

hi, i donated from my another bitcointalk account which i forgot the password, how can i verify my donation?

Do you still remeber the BTC/NANO address you sent donation?

[1mportant]

yes, i have the address

[BitHaru]

yes, i have the address

Please contact me with the TG: https://t.me/BitHaru

[1mportant]

Please contact me with the TG: https://t.me/BitHaru

thanks for your help

[1mportant]

My node is running, how long does it take to get airdrop?

[BitHaru]

My node is running, how long does it take to get airdrop?

Please wait for 48 hours

[1mportant]

Please wait for 48 hours

got it, ty

[BitHaru]

The official site is updated: https://raicoin.org

[BitHaru]

Live version V1.2 is released: https://github.com/raicoincommunity/Raicoin/releases/tag/V1.2

New features:

    1. rai_wallet: auto receive, create block manually
    2. rai_node: performance optimization, new rpc apis
    3. add rai_wallet_server.py to release package

[BitHaru]

There is a update on the explorer, now you can see amount in the block info: https://raicoin.org/

[Phut89]

Telegram group:https://t.me/RaicoinOfficial
For all donators: please contact my Telegram(https://t.me/BitHaru) to verify your account, thanks.

08/18/2020:
     1. The warmup free giveaway is in progress, please join our Telegram group to claim your free coins.
     2. To donators, please contact me to claim your invited node account.
 

github repositories: https://github.com/RaicoinCommunity
Website: https://www.raicoin.org

                
================================================================================================

Raicoin(RAI):  A Revolutionary Coin for Real Life & Daily Use

================================================================================================

Raicoin is designed  for real life & daily use, it's a crypto system with: high performance, low latency, well decentralized, easily extendable. We introduce many novel designs to achieve these goals.

1.Block-lattice with Reward

• All nodes with election weight can earn reward.
• The block-lattice idea is first introduced by NANO, by the amazing technique, transaction latency is reduced to less than 1 second. But NANO and those similar coins do not have reward for nodes, most of coin holders have no incentive to run their own nodes, they just put coins in exchanges or set official nodes as their representatives. We can see only Binance Exchange itself controls more than 20% NANO total supply (https://nanocean.org/top/ @2020/08/24). It is basically impossible to achieve well decentralization without node incentive.
• Another reason Raicoin introduces reward is we need it to motivate third parties to develop various extensions.

2.Credit Secure Mechanism

• Accounts destroy little amount coin to get credits from the network, than allowed to do (20 x credits) transactions every day(In a word, buy once for life).
• Any account must have at least 1 credit when it is created.
• The cost of credit will gradually decrease.
• Transactions from accounts with high remaining percentage of allowed transactions will be processed first when the network is busy.

 
    
3.Achievable and Sustainable high performance

• Two types of nodes are designed: light node and full node. light nodes can not only do pruning but also unpruning when needed.
• light nodes are designed to run on ramdisk/NVMe/SSD as election nodes, and full nodes run on HDD as backup nodes.
• Rough performance on different device: 10k+ txs/s (ramdisk), 2k+ txs/s (NVMe), 1k txs/s(SSD), hundreds txs/s(HDD).

   

4.Fullmesh Network & Bandwidth Saving

• We design a fullmesh network layer to optimize election algorithm, it will save up to 90% bandwidth cost.
• The fullmesh network is also used for fair proven airdrop.

 

5.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.

6.Privacy
Coin mixer can be developed based on the Programmable feature. Third party may be happy to develop and run a mixer to get users and node reward. An official implementation may also be developed if necessary.

7.Account Types

• 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 accounts.

 
  

8.Distribution

• All coins except those in airdrop accounts are generated by node reward.
• 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 node account to create a reward block with average 24 hours delay.
• New generated coins of each year:
      1st year: 40M,
      2nd year: 30M,
      3rd year: 20M,
      4th year: 10M, from 5th year: about 5% coins.
  

 
9.Airdrop

• There are 10000 Airdrop accounts as genesis accounts, each of them have 1000 RAI coins that can't be spent. These accounts are running on rai_airdrop app automatically.
• These airdrop accounts change their representatives every 24 hour. The choice is randomly and based on the cumulative online time of the qualified nodes, that is, the higher online time, the higher probability to be chosen.
• Because the Raicoin network is a full mesh network, every node connects with each other, so all participants can count and get same result of the whole network's online statistics, then check it with the actual airdrops to verify fairness.
• 
  Airdrop will last 4 years, the approximate amounts by time:
  1st quarter of 1st year: 7M,
  2nd quarter of 1st year: 4M,
  3rd quarter of 1st year: 3M,
  4th quarter of 1st year: 2M,
  2nd year: 5M,
  3rd year: 2M,
  4th year: 1M.
  
• To anti sybil attack, in the first 2 quarters, only invited nodes can get airdrop. And after then all nodes can get airdrop.
• How to get invitations?
      To be active github contributors for the project.
      By donation, the minimum amounts of BTC/NANO for an invitation are as follows(UTC time):
           Sep. 2019: 0.001BTC/10NANO
           Oct. 2019: 0.005BTC/50NANO
           Nov. 2019: 0.01BTC/100NANO
           Dec. 2019: 0.02BTC/200NANO
           Jan. 2020: 0.03BTC/300NANO
           Feb. 2020: 0.04BTC/400NANO
           Mar. 2020: 0.05BTC/500NANO
           Apr. 2020: 0.06BTC/600NANO
           May 2020: 0.07BTC/700NANO
           June 2020: 0.08BTC/800NANO
           July 2020: 0.09BTC/900NANO
           Aug. 2020: 0.1BTC/1000NANO
           After then: 0.2BTC/2000NANO
  
• There will be 16 official invited nodes: 8 light nodes, 8 full nodes.

 

10.Developer Fund:Donations and the airdrop that official invited nodes get.


11.Roadmap:

• Sep. 2020: Mainnet & Key Features (✓)
• Mar. 2021: Other Features

Great project, I have time to pursue

[kimlien9x]

I have followed the instructions, how can I get more RAI tokens?

[BBBBaf]

nice

[zipapps]

catch me up.

^monic

[BitHaru]

To all node owners: now you can check the Expected Daily Airdrops and online statistics of your nodes, please visit: https://raicoin.org/airdrop.html

[trunganhbounty]

How do I receive gifts from the telegram bot?

[BitHaru]

The official site updated:
add PEERS&BLOCKS for the explorer, please visit: https://raicoin.org/ to see the change.

[rigami]

NEXT GENERATION CRYPTO

[conga]

This is best ideas. I is newbie.
A Revolutionary Coin for Real Life & Daily Use(FREE GIVEAWAY)

[nadimkhan062]

Its a very good project..    

[andrelcs]

I really like this project, I hope achieve all the goals

[TedMosby]

I got invited by my friend from banano community to join raicoin telegram group. I am one of not-so early adaptor of raiblocks before it was rebranded to be nano. I remember how I solved captcha and hired people to solve captcha and claim raiblocks. Xrb also the reason why I created this account. If you can see my first post, it was about raiblocks

I read that this project has similarity with nano, so I would like to dig it more. I’ll see you around on telegram group to ask more question.

[ajdin8832]

Can you tell me circulating supply RAI ? also where to buy it ?  how to donate & any farming or mining option .

[tofalar]

Hello everybody!Especially Bit Haru!

[yitzjoe]

interesting project with active member in this forum. I hope RAICOIN becomes a top coin in the future 

[BitHaru]

Can you tell me circulating supply RAI ? also where to buy it ?  how to donate & any farming or mining option .

Realtime supply:https://raicoin.org/#explorer
Trande on: https://atomars.com/trading/RAIUSDT
Airdrop/mining: https://raicoin.org/airdrop.html

[BitHaru]

Live version V1.3 is released now we support macOS wallet: https://github.com/raicoincommunity/Raicoin/releases/tag/V1.3


    1. rai_wallet: macOS version first release, use server timestamp, bug fix.
    2. rai_node: bug fix.
    3. rai_wallet_server: add 'current_timestamp' api.
    4. rai_wallet_rpc: support block query by height, bug fix.

[egaycm14]

This your apply ID:1340529426

[alexsandrk20]

I understand that the developer alone is engaged in the project? What are your plans for the near future? Thanks for the answer.

[BitHaru]

I understand that the developer alone is engaged in the project? What are your plans for the near future? Thanks for the answer.

As planed, Raicoin will operate as a pure community project.
And actually, some other developer and volunteers have joined the community to help the project. I think there will be more and more developers and other third party joining the community.

[Legon]

RAI will surprise btc and other coins. Watch out. My Apply ID is 1332790599

[BitHaru]

Raicoin now is listed on Coingecko: https://www.coingecko.com/en/coins/raicoin

[BitHaru]

V1.4 is released, please upgrade your node: https://github.com/raicoincommunity/Raicoin/releases/tag/V1.4.0



New features:

    1. Start node by secret key of vanity address

    2. Delegator list

    3. Richlist

[RaicoinCommunity]

The new airdrop campaign start:https://raicoin.medium.com/raicoin-bounty-campaign-150-000-rai-8e743a031db9

[RaicoinCommunity]

The web wallet for Raicoin is live: https://raiwallet.org

[RaicoinCommunity]

Live release v1.5
https://github.com/raicoincommunity/Raicoin/releases/tag/V1.5.0



Changes:

    Support ws/wss protocol between rai_node and rai_wallet_server.py
    Performance optimization for all components
    Update cacert.pem
    Bug fix

[elmo40]

v1.7.0 Released
https://github.com/raicoincommunity/Raicoin/releases