Getting started with RaiBlocks

After a tip off from a friend, I’ve spend a few hours in the last week messing with RaiBlocks. RaiBlocks are a relatively new currency which have some rather interesting technology. It’s a new type of blockchain which aims to solve some of the problems in chains like Bitcoin… i.e. high transaction fees, and slow transaction times. To find out more checkout the sites below:

The main website is here: https://raiblocks.net/

There is a useful FAQ here: https://raiblocks.net/page/faq.php

I bought my first 0.1 BTC of RaiBlocks a few days back and it’s already gone up in value… so a nice start :). Still there is work to do on the main wallet.

I downloaded and ran on a Windows machine, but had some trouble syncing… i.e. after nearly 48 hours it still wasn’t anywhere near done! Apparently this has a lot to do with the type of technology used, i.e. the Block Lattice. This apparently means that you’re really downloading millions of tiny blocks / accounts rather than the more normal larger blocks of Bitcoin or other currencies. This puts a big load on the file system which takes a while to process everything. Anyhow, thankfully there is another way. Download the entire chain upfront and then let it sync the final pieces. This is described here: https://yadi.sk/d/fcZgyES73Jzj5T

That link also has the latest download files. I managed to follow the instructions and get everything synced. One thing to point out is that it would appear the big number in yellow in this shot below is the blocks you have downloaded and if you have a number in brackets next to it, then that is the ones still remaining to be synced.

Screen Shot 2018-01-06 at 13.44.33

Anyhow, once all this was done the wallet fully synced and then my transaction entered the pending state. It seemed to stay like this for a while but after shutting and re-opening the wallet it showed up as confirmed. This can be confirmed using the block explorer and transaction ID: https://raiblocks.net/block/index.php?h=35ADB2740AB70AF05BF49E99A73F5ED1158627619258757E51046CF0F2D1AE1B

Anyhow, it seems like this technology is growing in popularity and hopefully as it gets onto bigger exchanges in 2018 it will become mainstream and increase in value further.

Thanks for reading.

Cheers

Nathan


Starting again…

Just over twelve years ago, I first started a blog. That blog was originally intended to be a personal notepad, sharing things I found at, things I found interesting, and predominantly I.T. based. It certainly met those goals and was eventually replaced by a new blog on WordPress which is essentially what you see here. Along the way, my writing developed and expanded and I contributed many articles to all sorts of online publications and even wrote a few books on Exchange and Lync (now Skype for Business). Well for me, all that is now long past certainly from a technical perspective. I’m now a Program Manager Manager, part of the Office Product Group at Microsoft on the FastTrack team. Whilst I still play my part in helping companies get up and running with Office 365 mostly that’s through supporting my team.

So why am I starting again here? Well I’ve come to realise that the World is still moving on, and that ultimately whilst Office 365 is a massive business and something which millions of people use world wide, there are other things out there developing which could drive the seismic change that shapes the next twenty-five years of technology development. When Satya Nadella took over as CEO at Microsoft, one of the things he worked to develop within Microsoft as a whole was the concept of growth mindset. It’s within that spirit that I start again here, and I intend to share my journey through understanding the technology of Blockchain.

My intention is to post every day, at least something. Some posts will be longer, others perhaps just a single link, but I want to make a start as I really think that blockchain as a technology could change a lot about the world. At the very least it’s an interesting space and one which is clearly developing in scope and interest in a multitude of ways. Finally, I felt that given all that history developed on this site I wouldn’t wipe it an start again. Instead I’ll leave the Exchange and Lync material up and just continue anew with stuff on blockchain and most likely a few other things too.

If anyone is out there reading this, then thanks, I’m pleased to hear from you and share the journey.

Cheers

Nathan