Very cool! Will give this a whirl in the next couple of days. It has been a good couple of days for the XBY team. |
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So where can we buy the new coin, I dont see anything yet on CoinmarketcapYou can't buy it right now. The only way to get it is through working on the coin or completing a bounty. One of the first products that will be release is the x-change which you will be able to trade for xfuel. |
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All the new innovation seems intresting, but what is the real difference between XFUEL and XBY, will they be merged after XFUEL is out of testing fase?
Edit:
Is the new wallet already available?
XBY and xfuel are two different coins. Xfuel uses the XBY network to run and is used to pay developers and can be used to fill a percent of a Static node. |
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The link for new block explorer on the first page post needs to be updated to this link. Right now it just takes you to the old one that doesn't work. |
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I'm pretty excited about the forums and the testnet going up soon. Should be a good week for showing off some tech and maybe a price increase for XBY. |
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How many XBY are necessary for running a Static Node ?
I believe it is 500,000xby or 330,000 + 170000 xfuel L1 250,000 XBY or 170,000XBY + 80,000xfuel level 2 125,000 XBY or 85,000 + 40,000 xfuel level 3. Plus there will be some sort of fee to register. That is right. We now have a list of FAQs on the new forum to answer questions like this. https://community.xtrabytes.global/faq/That's super helpful. I had to hunt around on my desk for where I had jotted down the numbers awhile ago. As I was doing it I was thinking there needed to be something like that. |
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How many XBY are necessary for running a Static Node ?
I believe it is 500,000xby or 330,000 + 170000 xfuel L1 250,000 XBY or 170,000XBY + 80,000xfuel level 2 125,000 XBY or 85,000 + 40,000 xfuel level 3. Plus there will be some sort of fee to register. |
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Looks good. Another step forward to having a complete website, forum and coin tech. Switching between pages feels a little sluggish but it might just be my connection or maybe some preloading some of the header before querying the table data would make it feel faster. But anyway still looks good and work done well. |
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sorry! i am just a newbie about XTRABYTES
just wnat to ask ~ if i want to register a STATIC NODES....(maybe like masternode?!)
but i don't have a static ip......is that means I still have to rent a VPS to run this node??
Renting a VPS would be optimal. VPS is the way to go. I have a Pi also, but honestly never have used it since VPS rental is so cheap now. Eventually, when the XBY platform is live and nodes are hosting modules (such as X-CHANGE), it might be best to have a powerful server running the node. I am sure we will get all the information needed before that time. It seems like VPS will be the way to go especially if you have more then one nodes. Hosting the modules will probably take more resources to get good performance. It will matter what the fees that you can collect from hosting versus the cost of running the VPS. Yes, once we get rolling with modules and the need for X-VAULT storage, you definitely want to have some performance and space. Its important to know that most modules will use X-VAULT. This is another critical infrastructure of XTRABYTES. It will be better for the network as a whole if people use remote VPS servers. More spread out Statics should mean more resiliency in the system. If we have to many statics clustered in homes the system would still probably be fine but it seems that it would work better with greater resources at its disposable via VPS servers. |
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sorry! i am just a newbie about XTRABYTES
just wnat to ask ~ if i want to register a STATIC NODES....(maybe like masternode?!)
but i don't have a static ip......is that means I still have to rent a VPS to run this node??
Renting a VPS would be optimal. VPS is the way to go. I have a Pi also, but honestly never have used it since VPS rental is so cheap now. Eventually, when the XBY platform is live and nodes are hosting modules (such as X-CHANGE), it might be best to have a powerful server running the node. I am sure we will get all the information needed before that time. It seems like VPS will be the way to go especially if you have more then one nodes. Hosting the modules will probably take more resources to get good performance. It will matter what the fees that you can collect from hosting versus the cost of running the VPS. |
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What are with the last 200 mil coins not in supply? Is this coin mineable? Btw is the wallet safe? because its a pre release
You can't mine XBY. The equivalent method of gaining fee's is through static nodes which registration for new nodes isn't currently happening, but will hopefully happen soon. |
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It still uses PoW from the old bitmox chain right now. So you could theoretically get some of the tx fees which are supposed to go the dev fund, but it is not much. See answer above
Yes, but XFUEL is using new algorithm, on 10 hard coded nodes (test-chain for the developer). When XBY goes over to the new chain tech will it be automatic or will there be some sort of swap? This post from a few months ago explains the basics of what will happen: https://bitcointalk.org/index.php?topic=1864397.msg18995594#msg18995594Thanks I had missed that page of posts when I skimmed through all the pages. Going to go read and digest it now. |
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It still uses PoW from the old bitmox chain right now. So you could theoretically get some of the tx fees which are supposed to go the dev fund, but it is not much. See answer above
Yes, but XFUEL is using new algorithm, on 10 hard coded nodes (test-chain for the developer). When XBY goes over to the new chain tech will it be automatic or will there be some sort of swap? |
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Current XBY (as always) is running on the old Bitmox (Bitcoin clone) chain with 1 hard coded STATIC miner and backed up by POW - that has always been a known reality that has not been talked about openly because POW miners would have taken the coins designated for the DEV fund and also not allowed us to see how the STATIC is performing on the live chain for testing and tweaking purposes, while Borz continued to work on the code behind the scenes. XFUEL is the first FULLY operational PoSign ONLY coin that is currently on display as a Proof of Tech while we continue to develop in the background. XFUEL has 10 hard coded STATIC nodes with NO OTHER TECH working on the chain. Anyone is welcome to try MINING or STAKING or even taking up the HACKING challenge to earn 1 million XFUEL. XBY when released with its intended tech will be running on 3 Levels of STATIC nodes with a total capacity of 3584 STATICS, which is infinitely expandable as the market demands this growth. When the next stage of testnet begins, we will use 100 to 200 STATICs to try some scenarios and future tests will continue to expand until we are ready to fully launch XBY. At the point of XBY launch and full transfer of all transactions via the bridge, the Bitmox chain with the POW backup will be stopped.  All us investors are taking a risk by trying to be early adopters of a new coin. The folks saying its not going fast enough must have very short attention spans or invested more then they should have. Just look how long it takes for big tech companies to launch new products and you'll see that XBY is doing fine. Crypto is risky, early adopting into a new crypto is riskier. I would much rather have the coin priced based on actual tech then on hyped up prices. |
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Another interesting read. I would imagine that if someone could break into the system they would do it in one big attack. It could be updated but the coins would be gone. It's way down the road most likely but if it did happen i wondering how the XBY team would respond. |
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i dont think so...
there are much better projects that will be in the 10th first
beside the forks and the coins that always stay at 10th
XBY maybe top 30 at the end of 2018, and thats not for sure also
but still top 30 = x100 of the current marketcap..
I share your opinion. The concept that XBY is based on is fantastic and I love what it is trying to achieve, but we need to be realistic here. Top 10 within in an year is not a joke and other coins like Ethereum, NEO etc will undergo major developments and updates by that time which will surely boost their market cap and make it harder for XBY to enter the top 10. I feel that top 100 is far more realistic within an year. I think the crypto market is still to chaotic to predict that the top ten will continue to grow to outpace a new coin. Just look at what the top ten looked like at the beginning of the year versus now. The numbers are bigger but the whole market grew as a whole. So it is possible, not easy by any means but possible. |
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We have already mentioned several times in this exchange of information that the fees will be adjusted. Thank you for the opportunity to post about this on our forum today. You should check out the new forum we are working on at https://community.xtrabytes.global/ This will be our resource central when it is completed. Several people are working hard behind the scenes to get this set up. This is exciting for the community. Many other coins are also starting to move from Slack. Given the scope of the XBY project, it seems fitting that there is a place where a community member, potential investor, or someone curious about XBY to get all the info they need. Organized. Easy to find info. A much more efficient way to get updates, news, or anything else. Looks great! Slack was not really designed for how a lot of coins use it. Its a memory hogging hard to back reference app that I will be glad to see go if the forums become the place for communicating with the team. |
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The 777 with Borzalom has been posted to Steemit: https://steemit.com/cryptocurrency/@xtrabytes/november-777-q-and-a-with-lead-developer-borzalomA key take away is in the end, where Borz says, "Limited blocksize vs. unlimited blocksize" The whole last answer is full of great info that XBY tech can bring to crypto. Lot of energy required vs. no extra energy required
reward is given to miner vs. reward shared between the STaTiC ( service providers )
unneccesary work ( mathematical calculation ) vs. required security checks
all blocks stored to all miners vs. cloud type shared storage
fixed transaction cost vs. service based cost ( cheap or zero transaction cost )
limited number of transactions vs. extreme high number of transactions
political governance problems ( not trust and anonym ) vs. provider releated and trust
p2p style network vs. overlay network That a platform is being created to combat all of the above is reason enough imo to be very interested in what XBY is doing. I just picked up up more today while it is still so low. With just a slight pick up in volume we will be back to 500 in no time. |
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We have already mentioned several times in this exchange of information that the fees will be adjusted. Thank you for the opportunity to post about this on our forum today. You should check out the new forum we are working on at https://community.xtrabytes.global/ This will be our resource central when it is completed. Several people are working hard behind the scenes to get this set up. I like it! Our own forums now. Keep up the good work, CCR and team! I really like the progress beeing made. Any way to have weekly updates or so? One of our ultimate goals is indeed regular updates. So much is being juggled at this time and progress is more like a major unilateral advancement than a specific point of focus. We will get there... It seems to me that the 777 could eventually be morphed into a monthly update. Have questions be answered then have a chunk of status updates at the end regarding things that didn't get touched on during the Q&A. |
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I'm mostly looking forward to the second testnet, where we can also test VITALS!
Definitely, we will have a bigger number of participants thanks to the increased awareness. Which help test on a larger scale and show even more people how exciting this tech can be. |
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