ReserveBlock Coin Review : Is It Good Or Bad Coin Read Our Article

About ReserveBlock Coin

ReserveBlock Coin blockchain technology on the rise and being utilized to create a number of layer 1 and layer 2 applications, an inevitable discovery of obvious weaknesses have organically been revealed through innovation. Two of the largest issues facing blockchains today are their scaling challenges and their ability to maintain consensus. These immediate acknowledgements have triggered rapid research and technology developments in order to address. Another global issue is the high entry cost and support of proof-of-work.

The energy inefficiency and hardware cost to actually mine PoW have increased exponentially over the years making it costly to enter and transact, which has caused deviations of underlying Nakamoto’s principles of “one CPU one vote”. Additionally, with the rise of NFTs popularity it has been seen that current blockchains are strained while trying to serve all facets of their technology, with none intended to be built to serve the massive current and anticipated future demand of NFTs with Smart Contracts as the center driving force of these respective blockchains.

To date, there have been some alternative solutions to address some scaling and gas fees issues, however current layer 1 & 2 applications have failed to allow NFTs to evolve from their current static and centralized state, utilizing unsecured storage, limited utility, lack of true royalty enforcement, forced marketplace centralization and limited scalability.

ReserveBlock Coin Point Table

Current Technology and Blockchain Solutions

By now Satoshi Nakamoto’s vision of Bitcoin has been realized and due to its popularity blockchain technologies have evolved far beyond even his original vision. Decentralized digital currencies have been around for some time even before 2009. With the popularity of Bitcoin rising, it became apparent that new alternatives would be needed, alt coins like Litecoin and other forks for the Bitcoin source code had launched, but none of which really changed much other than things like block times and maybe consensus algorithms. Eventually it was theorized that it would be possible to execute pieces of decentralized code in what has become to be known as a ‘Smart Contract’.

Merkle Tree Explanation

Merkle trees are binary trees of hashes. Merkle trees in Bitcoin use a double SHA-256, the SHA-256 hash of the SHA-256 hash of something. If when forming a row in the tree (other than the root of the tree), it would have an odd number of elements, the final double-hash is duplicated to ensure that the row has an even number of hashes. First they form the bottom row of the tree with the ordered double-SHA-256 hashes of the byte streams of the transactions in the block. Then the row above it consists of half that number of hashes. Each entry is the double-SHA-256 of the 64-byte concatenation of the corresponding two hashes below it in the tree.

Timestamp Servers

The RBX solution starts with a timestamp server or device. A timestamp server works by taking a hash of a block of items to be timestamped and then published widely to the hash. What the timestamp does is prove that the data must have existed at the time to proceed into the hash. Each timestamp includes the previous timestamp in its hash forming a chain, with each additional timestamp reinforcing the ones before it.

Non-Fungible Tokens

Non-Fungible Tokens (NFTs) are currently being viewed through a surface-oriented lens. This means that current blockchains are capable of producing the tokenized equivalent of an NFT, however are not equipped at present to handle storage, utility and scalability. Most in fact are truly limited in actual Smart Contract execution and enforcement, as a result leaving them with no option but to act as a centralized authority.

Why Choose ReserveBlock Coin?

Smart Contract Code Execution

The code in an RBX smart contract is written in a basic level language and ran on RBX nodes. This is known as “RBX Assembled Compiler Code” or “RAC code”. The code is taken from the smart contract when called and pulled into the node or machine calling it and broken down into operations that the “caller” can then use to execute commands.

Current Issues

Networks have seen many full nodes disappearing across networks like Bitcoin and Ethereum because the incentive is no longer feasible to become a full node and is considered a burden on the owner. Only if the owner is able to mine to their full node is the cost justifiable. Large data storage and bandwidth are needed to be a truly successful node, which is another current barrier to independent decentralized participants.

Masternodes as a solution

Masternodes are full nodes, however they do not provide the service of both node and miner to the network and pledges its RBX native coin as collateral (staked) in order to participate as a node on the network. This collateral is never taken and is secured to the node while it is operating. This allows the masternode to operate on the network and provide the service needed to secure a transaction. These nodes earn payment (rewards) for their services to the network like Bitcoin mining and drastically help reduce volatility & friction.

Becoming a Masternode

To turn a client into a masternode the owner of the client must secure an address belonging to them and have control over the address with (X) amount of RBX native coin. While the client is active, the masternode provides the service to the blockchain similar to that of a miner and as a reward for this service their client receives block rewards that are also similar to a miner, but they are not solving incredibly complex problems and therefore will not need specialized hardware. A masternode may run in the background on any laptop as an example.

Where Can You Buy ReserveBlock Coin?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On BitMart, As It Has The Highest RBX/USDT. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include RBX/USDT And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

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ReserveBlock Coin Supported Wallet

Several Browser And Mobile App Based Wallets Support ReserveBlock Coin. Here Is Example Of Wallet Which ReserveBlock Coin – Trust Wallet For Hardware Ledger Nano.

FAQ Of ReserveBlock Coin