XtraBytes (XBY) - An Emergent Cryptocurrency Platform Featuring the Brand New Proof-Of-Signature (PoSign) Consensus Algorithm.
This is pretty interesting - I think it's been a while since anyone tried introducing a new consensus algorithm (there is proof-of-work and proof-of-stake, NEO brought dBFT - delegated Byzantine Fault Tolerance - and IOTA introduced Tangle). XtraBytes has a new consensus algorithm called Proof-of-Signature (nicknamed Zolt) which apparently provides more security than any of the other consensus methods. Per their website:
"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."
Since most people haven't heard of XTRABYTES yet, this project seems pretty undervalued. Might be a chance to get in on something new really early, so I thought I'd point it out to the community. If you're looking for a cheap coin to take a shot on, this seems better than most of the crap out there. At least check out the website, I think.
It's also worth noting that XTRABYTES is NOT an ICO, but a community coin with a brand new blockchain solution and novel consensus algorithm. The XTRABYTES platform is also designed to be built upon through D-Apps that can be written in nearly ANY programming language, which I think is also an extremely attractive feature.
Obviously I can't do all the homework for you, but anyone looking for a more detailed overview can go directly to the XTRABYTES website and read more. I'm including a whole lot of links below for anyone that's interested.
Website: www.xtrabytes.global
Initial Non-Technical Whitepaper: http://ift.tt/2gpGxYo
Roadmap: http://ift.tt/2zLpSa4
Video roadmap: https://www.youtube.com/watch?v=xdHr178Wpwg
Overview of Proof-of-Signature and its advantages: http://ift.tt/2xjMIDW
Most recent press release, which contains a solid explanation: http://ift.tt/2ximUId
Windows/Mac/Linux wallets: http://ift.tt/2gpl9lS
XtraBytes youtube channel (includes their recent video announcement as Q&A with the lead developer, which now happens every month): https://www.youtube.com/channel/UC_9hk28Wk5h7r0KhD9Va3Zg
Bitcointalk: http://ift.tt/2xkdps2
Socials: Slack - http://ift.tt/2go2FlH Twitter - https://twitter.com/xtrabytes Facebook - http://ift.tt/2xjMI6U Reddit - http://ift.tt/2qmFeQp SteemIt - http://ift.tt/2fUrcSn
It's available on a couple of exchanges including Cryptopia.
Disclosure: yes, I own some, no, I'm not involved with the project directly.
[link] [comments]
Read More
