The block is created after the receipt of at least one signed transaction, which creates high speed of transaction confirmation.
Coin holders directly participate by voting on decisions related to the changes of network parameters and implementation for further improvements.
With a voting mechanism and room for improvement, the network remains flexible to evolve and adapt over time.
The cost of transactions is fixed, which allows predicting the implementation of business processes based on working with the network, including through the execution of ESCROW functions.
The principle of the RAIDO dPoS network ensures no wastage on resources when processing transactions, while still maintaining high system throughput.
The next stage of network’s development is creation of a platform for high-performance smart contracts with ability to connect external secure data and decentralized applications with ESCROW functionality.
Günter Beiler, a specialist with extensive experience in finance and software, became a board member of the Raido Foundation in January 2021.