People need to stop saying that RaiBlocks is a DAG!!! Aka a "Directed Acyclic Graph"
RaiBlocks is a completely new and different implementation of the Blockchain called "Block Lattice". It is much simpler than DAG and works better! There's no need of a director or many transaction to happen, its just plain perfect:
- 0 fee
- 0 inflation
- Instant transactions
- Unlimited scalability
- Delegated Proof of Stake to prevent double spending
RaiBlocks is just perfect, it has faced no real issues so far as oppose to IOTA.
Does it enable smart contracts like byteball does?
As a new currency is should bring more than what existing one does.
No, RaiBlocks is only about being digital cash, I will quote someone:
While it may only do one thing, Raiblocks does it so damn well!
A digital cash dont need smart contracts, smart contracts are for much more complex things and have a big cost in the architecture. The mass adoption digital currency should not enable smart contracts. Same thing for anonymous transactions.
I dont know much about byteball but if it really focus on smart contracts then it certainly has its place along side RaiBlocks.
