The Raido Foundation has just made a huge announcement for its users and the entire cryptocurrency industry. The firm has just made the announcement of a new Raid blockchain network for its user community.
Raido Foundation has also provided details around the services and benefits it plans to offer users with the launch of the Raido blockchain network. As per the foundation, the network will be able to offer users a user-friendly as well as a comprehensible platform.
The platform will be able to users with services such as a safe, quick, and ideal environment for executing cryptocurrency transactions. Furthermore, the platform will also be able to offer users the ability to execute smart contracts for processing transactions.
The main goal that the project is looking to achieve by introducing the Raido blockchain network is helping users with their investment goals.
Raido blockchain network has been taking everything into consideration when designing the tools and features for the users. The tools that the platform is designing will help users achieve higher profits and more gains through the blockchain network.
Raido Foundation has revealed that in the past couple of years, the firm has mustered a lot of strength, confidence, and resources. The firm did all the research and studied the entire cryptocurrency market before making the decision of launching Raid blockchain network.
From this point onwards, the firm aims only to project higher and achieve all-time high records for its network’s growth and development.
It was back in 2018 when Raido Foundation had launched its initial coin offering (ICO). After the successful initial coin offering (ICO), Raido Foundation went on to launch its cryptocurrency exchange in the year 2019.
However, this year, the firm has gone ahead and launched the core network’s main functions as well as launching the genesis block.
Raido Foundation has revealed that the protocol that the Raido blockchain network tends to operate on is the proof-of-stake (PoS) consensus protocol. The reason for adopting the proof-of-stake (PoS) protocol is because the particular consensus is considered to be the most popular consensus model.
Apart from launching the new Raido blockchain network, the firm has also launched its native cryptocurrency that has been dubbed as “RDO”.
The verification of the transactions through the Raido blockchain network is validated through the master nodes. The nodes are software that has exclusive rights and is responsible for maintaining the consensus all over the network. The nodes do it with the help of the coins that are delegated on the consensus by the participants.
Some of the features that the Raido blockchain network would offer include lower transaction costs, high scalability, improvement opportunities, swift cryptocurrency transactions, and high applicability.