[XBC] BitcoinPlus Official Thread

[egghead123]

Will be the first XBC/USD market plus XBC/BTC:

https://coinmarketcap.com/exchanges/c-cex/

Keep us updated on this XBC/USD market bud.

[1714209091]

1714209091

[1714209091]

1714209091

[1714209091]

1714209091

[Xenophanes0]

Coin name   Info   BTC address (1 vote = 0.001 BTC)      BTC votes   Free votes   Total

BitcoinPlus (XBC)    1CbkwapwtGfRubwoJazLFEUwysiAMJMeAd 0.000 BTC    0    0


no votes for the c-cex ??

Did you vote yet?

no i am double minded and i can not be at the proper state till that time of complete awareness to take final decision about it ..

[KindHearted]

Anybody knows if we have lost Cryptopia's XBC/XMR market ??
Seems like Cryptopia has deleted this market...

[BitcoinPlusBus]

Sat, 25 Mar 2017 07:03:49 GMT

Difficulty
POW: 0.00169267
POS: 0.00024414

Coin Supply (XBC)
94505.47105266

BTC Price
0.00377699

289465 blocks

34 connections

[bobitza202]

I see some good volume today 

[letsbhonest]

XBC will never split...only rise

agreed hold forever and stake.

[dking7334]

Glad to see XBC is still going strong! Still staking!

[BitcoinPlusBus]

Current Block
290399

Difficulty
POS=0.00024414
POW=0.00169267

Money Supply
94538.60639034

Network gH/s
0.000000689

[yaooke]

Hey guys, what exactly is the benefit of this coin over regular bitcoin? Does it have the same blocksize limit problem that BTC has right now?

[jfieschi]

Hey guys, what exactly is the benefit of this coin over regular bitcoin? Does it have the same blocksize limit problem that BTC has right now?

Bitcoinplus don't have scalability problems. The Block is 50% Bigger and 10 times faster. Bitcoin (BTC) holds only 3.37 transaction per second vs Bitcoinplus (XBC) holds 50.5 transactions per second, in another words, Bitcoinplus supports 15 times more transactions than Bitcoin.  Another vantage is the PoW vs PoS .   The mining Hardware never will be obsolete and BitcoinPlus has native integration with Tor , make the transaction private.


  BTC 3.37 Transactions Per Second  --   VS  --   XBC 50.5 Transactions Per Second

So how many BTC transactions will fill a Bitcoin Block ?

This is simply -

Maximum Block Size / Average Transaction Size = Average Transactions Per Block

1000000 Bytes / 495 Bytes = 2020 Transactions

A new Bitcoin Block should be found by miners every 10 minutes. There are 600 seconds in 10 minutes.

To calculate Transactions per Second this is simply -

Number of Transactions Per Block / Block Time in Seconds

2020 Transactions / 600 Seconds = 3.37 Transactions Per Second

Now that BTC has reached a good level of adoption the block size limit is frequently reached. Transactions that are not processed are rolled over into the next block. Priority is given to Transactions that include a higher transaction fee. It is not a perfect system by any means which is why there is an ongoing debate at the moment in making sure Bitcoin is scalable.

So how will this effect BitcoinPlus - XBC ?

For starters BitcoinPlus has a much shorter average block time. 60 seconds compared to Bitcoins 600 seconds. So straight away BitcoinPlus can already handle 10 times as many transactions every 10 minutes.

The Block size limit in BitcoinPlus is also larger at 1.5MB or 1500000 Bytes.

This is highlighted in the source code - https://github.com/bitcoinplusorg/xbcwalletsource/blob/master/src/main.h#L32

The average Transaction size of BitcoinPlus is very similar to Bitcoin. Using the Bitcoin average of 495 bytes we can work out how many transactions BitcoinPlus can handle every block.

Maximum Block Size / Average Transaction Size = Average Transactions Per Block

1500000 Bytes / 495 Bytes = 3030 Transactions

To calculate how many transactions per second this is simply

Number of Transactions Per Block / Block Time in Seconds

3030 Transactions / 60 Seconds = 50.5 Transactions Per Second

You can see therefore It is going to be a very long time before BitcoinPlus has to worry about any scalability issues.

If BitcoinPlus - XBC did ever reach mass user adoption will would be able to look at Bitcoin and Litecoin and see what works and what doesn't and implement the most suitable solution for BitcoinPlus. 

[BitcoinPlusBus]

Current Block
290877
Difficulty
POS=0.00024414
POW=0.00169267
Money Supply
94567.25022354
Network gH/s
0.000000689

[bitcoinplusorg]

[bobitza202]

There it goes!!! maybe we'll have an ATH soon  

EDIT: woah woah!!! almost ATH 

[QRKToTheMoonGuy]

OMG I'M GOING TO GET IN ON XBC AND BE ABLE TO AFFORD NEW HONDA CIVIC! 

That low supply too, damn if takes off, I will own like, 40 XBC! I will be a whale 

[QRKToTheMoonGuy]

Can I trade you my QRK for your civic? Lol

Definitely  

Why did you mention 10,000$ btw? You mean as in, 10,000$ for 1 XBC? In the future, or today? If it's the latter, are you literally on crack?

[cherry11800]

I see some good volume today 

go up go up 1000000

[yaooke]

watch out people.

[QRKToTheMoonGuy]

watch out people.

do you mean this in a good way? Because I just went all in with 50k fiat.

[bobitza202]

Can I trade you my QRK for your civic? Lol

Definitely  

Why did you mention 10,000$ btw? You mean as in, 10,000$ for 1 XBC? In the future, or today? If it's the latter, are you literally on crack?

I believe he was talking about the apropiate future, given the supply and market cap (for example 1 billion) + inflation, it would be aprox. 100k 110k coins supply, market cap is now almost 1mil wich gives us about 9$ per XBC.

So theoretically, in conclusion, if the market cap was 1 billion $, divided to the supply (about 100k), it would theoretically mean 10000$ per XBC (or 8000-9000$ with about 120k-130k supply)

If in our lifetime it would ever reach 15 billion $ (Original Bitcoin market cap), that would mean, realistically, with inflation, (i would say year 2022-2023 and 300k supply) that would mean almost 50000$ per XBC

[yaooke]

watch out people.

do you mean this in a good way? Because I just went all in with 50k fiat.

Going all in, shaking my head.