Latest posts of: B3Team

Announcements

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B3 Coin (kB3) is now listed on CryptoBridge DEX! http://crypto-bridge.org/ Please note that our ticker is currently "BIII" and will be adjusted to "KBIII" soon. BitShares' blockchain does not allow tickers with numbers in it.

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Even more trading pairs to come in the future... Thanks http://CoinExchange.io

The latest wallet update is out, 3.1.2.2. It is mandatory for everyone to upgrade to this version ASAP.

https://github.com/B3-Coin/B3-CoinV2/releases/tag/v3.1.2.2

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“A cryptocurrency with undisclosed technology not yet discovered.”

https://b3coin.io/

Fundamental Nodes / Proof of Disintegration / Decentralized Exchange

Activated Unique Technology

Fundamental Nodes (FN)
Fundamental Nodes are B3's masternode. Like traditional masternodes, they provide the foundational fabric upon which the chain is secured, maintained and stabilized. However, there is one important difference in B3's Fundamental Node vs other coins’ masternodes. While other coins lock the coins in the wallet as collateral (which can then be later spent and put back into circulation), the B3 Fundamental Node leverages a unique technology -- Proof of Disintegration.

Proof of Disintegration (PoD)
PoD effectively destroys coins to purchase the long-term passive income asset in order to remove the coins from circulation and continue to drive down the supply. In traditional Proof of Burn technology, coins are sent to a "burn" address which has no private key component to spend the funds. However, the one major drawback is that the coins still exist in the chain, and can be recovered if the private key is being computationally derived, putting the economy of the coin at risk. In B3's ecosystem, the coins are destroyed and thus can never be recovered.

What are the annual staking rates?

   80,001 - 110,000 = 100%
   110,001 - 1,000,000 = 20%
1,000,001 - infinity = 5%

What is the split between FN and staking?

  60% FN, 40% staking

What is the cost of a FN?

   Currently = 15,000 KB3

What is kB3?

B3 and kB3 are units of currency supported in the latest B3 Coin wallet (v3.1.2.2). Through a soft fork, the B3 Coin dev team implemented support for a 1000:1 currency conversion in the wallet to ensure the longevity and future proofing of the currency. B3 is now not only the brand name but also the unit of currency used to support micro-payments. In parallel, kB3 is there to support macro-payments and trade. As the B3 Coin dev team continues to innovate in this space, naturally we expect the value of the coin to increase overtime -- to handle this appreciation, the B3 wallet handles both units.

How does this impact the wallets and normal transactions/transfers?
The B3 wallets are backward and forward compatible with both units. If you send B3 to a wallet that has kB3 as their unit of display, it will show at the destination as kB3 and vice versa (see FAQ).

How does this impact the exchanges?
kB3 is what is traded on exchanges. B3 Coin is represented on exchanges as kB3, that is 1000 B3. When you buy and sell B3 Coin, you are trading in 1000 B3 lots/bundles as kB3.

To summarize:
B3
* Brand behind the innovative team.
* Support for micro-payments (avoid decimal conversions / calculations).

kB3
* Traded on exchanges.
* Support for macro-payments.

Reference:
* 1 kB3 = 1000 B3.
* Current Supply ~ 600 million kB3 (varies due to modern PoS system).

Coming Soon…

Decentralized Exchange (DEX)
Many crypto-traders use centralized exchanges which are subject to hacking, theft, and potential price manipulation as information is stored on private servers. The need for a secure, private and stable environment for crypto-traders to exchange coins is becoming a necessity for the exploding market. The B3 development team is working hard on creating a unique approach to a DEX, utilizing the undisclosed technology behind B3’s code. More to come about the DEX soon.

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