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Question: The result of our STATIC nodes poll was 500,000 coins on deposit for Level 1 STATIC nodes.
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Author Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER  (Read 370282 times)
yosir
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November 02, 2017, 02:31:43 PM
 #5341

I can not understand one nuance. If this coin is not mined, how will the transaction be confirmed? After all, without this, you can not transfer a coin from one purse to another purse

That's what will differentiate XBY from other currencies.  XBY will be implementing a technology the developer is working on called PoSign.

I got it. But I wonder how this technology will work? Participants will write messages and thereby confirm transactions? It is very interesting

I join the issue, I would also like to know more about this. Or just show where you can read about it to understand the principles of this technology

* from first post

"PoSign comprises a radically different approach. Transactions are verified by a network of what are called STATIC nodes—importantly, each of these nodes must sign off on a transaction before the associated block can be appended to the chain. Should a malicious node repeatedly attempt to compromise the chain, it will be blacklisted automatically.

STATIC nodes are the backbone of the XTRABYTES network. The word STATIC is derived from the words; Services Transactions and Trusted in Control, which is all of what defines our STATIC nodes in the simplest way."

--- you can also simply read published white pages

So it turns out that this network has a single center? Where are these STATIC nodes located, and who manages them?

Before jumping to conclusions you are more than invited to read white pages or at least to read one of many explanations which provided here even in ANN. Try to understand it by yourself.
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yosir
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November 02, 2017, 02:33:33 PM
 #5342

i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)

I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken )
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November 02, 2017, 04:57:48 PM
 #5343

i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)

I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken )

From the real already created product is a coin. It can already be bought and sold. I think this is proof of the viability of this project
CryptoAddictedGuy
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November 02, 2017, 05:01:46 PM
 #5344

i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)

I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken )

From the real already created product is a coin. It can already be bought and sold. I think this is proof of the viability of this project

It seems to me that a coin can not be called a product of this platform. The coin is one of the components of the project as a whole. And what is the created product, I also want to know
XBY-Guy
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November 02, 2017, 05:09:56 PM
 #5345

The project is still in development. Therefore, not everything that is claimed by the creators now functions. I think that soon we will see how the platform works

XTRABYTES - The Proof Of Signature Blockchain Revolution (https://xtrabytes.global)
everythingisgreat
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November 02, 2017, 05:12:33 PM
 #5346

i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)

I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken )

From the real already created product is a coin. It can already be bought and sold. I think this is proof of the viability of this project

It seems to me that a coin can not be called a product of this platform. The coin is one of the components of the project as a whole. And what is the created product, I also want to know

XBY coin is the currency of the Xtrabytes Network.  The network is comprised of a couple different layers but statics are the mechanism for signing transactions.  There will be three levels of statics which will take either XBY to setup or a fixed combination of XBY and xFuel.  These statics have to agree for the transactions to be correct and there are mechanisms that account if a static is down on the network.  Instead of mining and receiving coins which is very energy intensive the Statics get a fee.  

bigboss154
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November 02, 2017, 05:20:53 PM
 #5347

i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)

I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken )

Vitals and Pulse systems actually, those are required for PoSign on a large scale. I think the first service to be deployed is the Dex (decentralized exchange).
everythingisgreat
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November 02, 2017, 05:30:28 PM
 #5348

I can not understand one nuance. If this coin is not mined, how will the transaction be confirmed? After all, without this, you can not transfer a coin from one purse to another purse

That's what will differentiate XBY from other currencies.  XBY will be implementing a technology the developer is working on called PoSign.

I got it. But I wonder how this technology will work? Participants will write messages and thereby confirm transactions? It is very interesting

I join the issue, I would also like to know more about this. Or just show where you can read about it to understand the principles of this technology

* from first post

"PoSign comprises a radically different approach. Transactions are verified by a network of what are called STATIC nodes—importantly, each of these nodes must sign off on a transaction before the associated block can be appended to the chain. Should a malicious node repeatedly attempt to compromise the chain, it will be blacklisted automatically.

STATIC nodes are the backbone of the XTRABYTES network. The word STATIC is derived from the words; Services Transactions and Trusted in Control, which is all of what defines our STATIC nodes in the simplest way."

--- you can also simply read published white pages

So it turns out that this network has a single center? Where are these STATIC nodes located, and who manages them?

If you read the whitepaper it explains the whole system.  I'm guessing maybe English isn't your first language.  If not, they are currently working on translantions in a few languages which might help some people understand the network easier.

enkiamo
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November 02, 2017, 06:53:19 PM
 #5349

https://themerkle.com/pr-xtrabytes-revolutionary-proof-of-signature-blockchain-technology/
bigboss154
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November 02, 2017, 07:17:44 PM
 #5350

Great article enki, nice job.
enkiamo
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November 02, 2017, 07:23:19 PM
 #5351

Here is the Reddit post.  Comment and upvote.

https://redd.it/7adtbt
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November 02, 2017, 07:37:55 PM
 #5352

Here is the tweet from The Merkle.  Share it.

https://twitter.com/themerklenews/status/926155819284094977
Delphinus
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November 02, 2017, 08:23:10 PM
 #5353

Enki, place it on the CryptoCurrency reddit and we'll update that post  Smiley

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November 02, 2017, 08:23:47 PM
 #5354

Interestingly, this project can be introduced into some sphere of human life. For the present I can not imagine it
CryptoAddictedGuy
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November 02, 2017, 08:28:49 PM
 #5355

i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)

I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken )

From the real already created product is a coin. It can already be bought and sold. I think this is proof of the viability of this project

It seems to me that a coin can not be called a product of this platform. The coin is one of the components of the project as a whole. And what is the created product, I also want to know

XBY coin is the currency of the Xtrabytes Network.  The network is comprised of a couple different layers but statics are the mechanism for signing transactions.  There will be three levels of statics which will take either XBY to setup or a fixed combination of XBY and xFuel.  These statics have to agree for the transactions to be correct and there are mechanisms that account if a static is down on the network.  Instead of mining and receiving coins which is very energy intensive the Statics get a fee.  

It seems to me that the extraction of coins has become impossible for many. Therefore, the network can become a fundamentally new approach in the crypto currency. I think this is a big step forward.
XBY-Guy
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November 02, 2017, 08:31:47 PM
 #5356

i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)

I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken )

From the real already created product is a coin. It can already be bought and sold. I think this is proof of the viability of this project

It seems to me that a coin can not be called a product of this platform. The coin is one of the components of the project as a whole. And what is the created product, I also want to know

XBY coin is the currency of the Xtrabytes Network.  The network is comprised of a couple different layers but statics are the mechanism for signing transactions.  There will be three levels of statics which will take either XBY to setup or a fixed combination of XBY and xFuel.  These statics have to agree for the transactions to be correct and there are mechanisms that account if a static is down on the network.  Instead of mining and receiving coins which is very energy intensive the Statics get a fee.  

It seems to me that the extraction of coins has become impossible for many. Therefore, the network can become a fundamentally new approach in the crypto currency. I think this is a big step forward.

I'm glad that you understand the uniqueness of this project. Yes, you are right, this technology will soon become the basis for a new generation of crypto currency. Just now not everyone understands it and therefore it causes so much of my discussions

XTRABYTES - The Proof Of Signature Blockchain Revolution (https://xtrabytes.global)
bigboss154
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November 02, 2017, 08:43:27 PM
 #5357

Enki, place it on the CryptoCurrency reddit and we'll update that post  Smiley

Think I saw it there already.
Delphinus
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November 02, 2017, 08:44:25 PM
 #5358

I do have that we're close to launch by the way...I was just reading about Dragon Chain, apparently they will offer a platform on which companies can develop their own apps (language agnostic). So we have the PoSign mechanism, but other coins are catching up on the other unique advantages!

bigboss154
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November 02, 2017, 08:51:29 PM
Last edit: November 02, 2017, 09:23:16 PM by bigboss154
 #5359

I do have that we're close to launch by the way...I was just reading about Dragon Chain, apparently they will offer a platform on which companies can develop their own apps (language agnostic). So we have the PoSign mechanism, but other coins are catching up on the other unique advantages!

There's a select few coins which are doing it actually (Komodo is another for ICOs), and I think all of them will do well given each have their own unique nuances. But it is hard to argue against, that XBY on spec is superior given the nature of the network (speed, security, etc.) and the nature of how users will earn. Dragon, for example, is just an Eth token. Which I find ironic given that they are trying to compete with Eth, what kind of statement does that make.  Grin Actually I just looked, it isn't language agnostic (only offers Java, Python, Node, or C# according to FAQ), where as XBY will support ALL the major languages including C, C++ and VB.
bigboss154
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November 02, 2017, 09:53:58 PM
 #5360

how many tokens in total are you issuing?

All coins are already available (650m), current circulating supply is lower because those coins are in cold storage via node holders. Once all nodes are registered supply will drop to something like 150m.
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