We present RAINBLOCK, a public blockchain that achieves high transaction throughput without modifying the proof-of-work consensus. The chief insight behind RAINBLOCK is that while consensus controls the rate at which new blocks are added to the blockchain, the number of transactions in each block is limited by I/O bottlenecks. Public blockchains like Ethereum keep the number of transactions in each block low so that all participating servers (miners) have enough time to process a block before the next block is created.