Hello steemians, Today bitcoin price soars up to $17k but mean time steem price down to $5.65 and sbd price down to $7.21, sbd hit 10$ for high i expected 14-15$ but that didn't happened well whatever. Today i want to talk about XBY coin. It's totally new concept and currently coin with one of the world fastest transaction speed.
What is XTRABYTES (XBY) ?
XTRABYTES is a blockchain / modules platform and associated cryptocurrency that introduces several key innovations that provide significant security and scalability advantages over current crypto technologies on the market. Utilizing a newly created algorithm, (Zolt) and consensus method, Proof of Signature (PoSign), XTRABYTES offers a platform on which decentralized application (DApp) developers and services can create and shape the future of blockchain technology. XTRABYTES is not an ICO, it's a community driven project.
Proof Of Signature Technology
XTRABYTES introduces a revolutionary new consensus algorithm (Zolt), based on the concept of Proof-of-Signature. Zolt ensures a block signature rate of 100% system-wide, which confers an unparalleled level of security. Additional benefits include substantially decreased energy consumption as Zolt does not require a network of miners.
STATIC Nodes
These nodes provide the security, consensus, and governance of the entire blockchain on which the XTRABYTES platform resides. STATIC node owners are issued transaction fees and service fees for the modules. As a security feature, it is a requirement of nodes to sign each block, as this mandates that the nodes must be able to communicate with one another rapidly and seamlessly. To address these requirements, XTRABYTES introduces VITALS (Virtual Information Transmissions Aligning STATICS).
VITALS
XTRABYTES uses its own proprietary network, named VITALS (Virtual Information Transmissions Aligning STATICS). VITALS comprises a private virtual network directly interconnecting the online STATIC nodes; this network is extended over public networks, effectively providing VPN-like functionality to the network of STATIC nodes. VITALS therefore support the communication needs of the XTRABYTES blockchain by providing interference-free direct paths between nodes to ensure security and speed when processing transactions. The VITALS network is comprised of fixed virtual
nodes that corresponds to and is controlled by one or more STATIC nodes.
PULSE
The PULSE (Ping Unified Ledger Synchronization Equalizer) service is the central communication system for the STATIC nodes. Anytime there is a transaction created on the XTRABYTES ledger, a PULSE signal will be sent to all of the nodes, alerting them that they need to validate the new block. This signal will operate as governance for the VITALS network, providing time stamps and facilitating the block verification process. Because of the speed, near real-time, at which the STATIC nodes process transactions, it is possible for a node to unsync from the network and a PULSE warning will be issued to the relevant STATIC node accordingly
The XTRABYTES platform will be optimized for DApps to be built right into the blockchain. Our developers are working to create both immediately as a proof-of-concept and to help serve as the backbone for future developers to build upon. These will be the first of many more to come.
Utilizing shared storage technology, the XTRABYTES storage module will allow users to store data securely on the STATIC node network. The data is encrypted and divided into shards across the network of STATIC nodes, just as the blockchain ledger is shared between all wallets. The storage network is the foundation layer for the entire platform of Decentralized Applications.
XTRABYTES (XBY) comparison
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XBY is currently trading around $0.6 with 2 exchange I think it's high potential of growing. Good investment for long and short term. Will hit big in 2018 grab some XBY while it's low guys.