In a surprising revelation, XTRABYTES has showcased its blockchain in relation to the leaders in the crypto-sphere. Crypto-currency is highly speculative. Many coins raise millions of dollars and have nothing to show for it. With no ICO funding, this image is the type of speculation that can drive up price quickly and drastically.
Blockchain Solutions Compared
This is the current information at the time of writing on Coinmarketcap
Are you a Growth Investor? I know I am
If we go down each column in the graphic and compare them with each other, XBY is offering some very fantastic things to blockchain technology. The project is currently in-development. Is it possible that all the features in the image come to fruition? Sure. Absolutely.
In an article published on CryptoCoinsNews, many features were explained. Of particular interest to me, was this quote about a 51 percent attack:
In response, the main developer of XTRABYTES, Zoltan Szabo, has created a unique, revolutionary blockchain solution known as the Proof of Signature (PoSign) consensus algorithm. In addition to being eco-friendly, the core protocol is based on an initial 512 decentralized STATIC nodes (which will slowly expand to an even more decentralized 3,584 STATIC node network) that solves the 51% attack dilemma.
PoSign and the Static node network is further expanded upon in the whitepaper:
Comprising the backbone of the XTRABYTES network, the STATIC nodes play several critical functions. 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).
The XBY technology is complicated. I do not profess to understand exactly how it all works. But what I do understand is potential. Technological potential and profit potential.
In this ever expanding sea of cryptocurrencies and ICO's, the ones that will last must be innovative. They must offer something that others do not. They must have strong communities. They must offer a solution to a problem.
What do you guys think? Will XTRABYTES solve the problems? Does it have the potential to?
Additional Reading:
https://www.cryptocoinsnews.com/xtrabytes-already-rendered-top-cryptocurrencies-obsolete/
Sounds interesting, thanks for your assessment.
No problem. Thanks for taking the time to comment. Here is a link to the Announcement on bitcointalk: https://bitcointalk.org/index.php?topic=1864397.0
Thank you, too for your effort. I will look...
Thank you for making a post about this.
I have been telling people about XTRABYTES when I can.
But I should devote a short post to what I feel is important about it.
Nice man!! Yea, I have been following the project since April. Originally, it was supposed to be a shared storage system, but it ended up evolving into so much more. It's taken quite a bit of time for the team to get assembled. They did not have an ICO and there are funding issues because of this. It's being worked through by mainly volunteers, with the lead dev and an additional one. In hte last month, they have decided to introduce a utility token, XFUEL, that will be used to pay for things such as development. It's all very interesting. I like to cheer for the underdog, and if XBY can do half of the things it says it can, then it is still severely undervalued.
Thanks for your comment.
Great analysis on this one. Gotta check that out. Upvoted!
Congratulations @shawnfishbit! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPThanks for your good posts, I followed you!
Congratulations @shawnfishbit! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!