A quick guide to Xtrabytes. Read this first for more information, proof and FAQ.
What is XTRABYTES?
Whitepaper: https://xtrabytes.global/whitepaper.pdf
XTRABYTES is a new platform that does not require any traditional type of mining support, such as: POW or POS. We have created a unique consensus mechanism called Proof of Signature which ensure that 100% of all blocks will be signed by the system when they occur. The blocks are signed by the network of Master Nodes after verifying the transactions in the block. There are a total of 650 million XBY and there will never be more. The XtraBYtes system is a shared database storage system that will never break like some systems because we do not rely on miners who could turn their rigs to other coins, leaving the network unable to verify and therefore breaking the blockchain, rendering it useless and thus all clients losing access to their stored files. This can never happen to XtraBYtes.
Why is there no open-source code?
Borzalom has identified a 100% patent-able section of our tech and we are going to register the patent. Obviously we cannot share any more details about this at this time. But, this is a major moment for the XTRABYTES Community and it is very important to also note that the patent owners (Borzalom and CCRevolution) will enable free usage forever of the patent for the XTRABYTES Community only. This is designed to protect the XTRABYTES Community. It is no secret that we want to prevent a fork, because we do not want to see a bunch of useless altcoins like BTC has. We want to integrate all the developer power into one project and not have the resources split.
Source: http://xtrabytes.today/xtrabytes-news/borzalom-777-december/
https://community.xtrabytes.global/threads/update-for-patents.533/
So the code will be made public once the patent is granted pending status. In the meantime, you can look at the XCITE code published on GitHub and you can even see the changes live on Discord:
https://github.com/borzalom/xcite/
https://medium.com/@XTRABYTES/x-cite-github-commits-broadcast-in-real-time-through-discord-31bdfd5af106
http://xtrabytes.today/general-crypto/crypto-patent-reconsideration/
So is there proof that it works?
The testnet is actually under way right now:
http://xtrabytes.today/xtrabytes-news/expect-testnet-3/
https://www.reddit.com/r/XtraBYtes/comments/7p9vga/testnet_3_has_officially_begun/
Testnet block explorer:
http://xcite.xtrabytes.services
Watch a livestream of the testnet here:
There have also been two previous testnets already, and XFUEL is already running on the PoSign network as a proof-of-technology. You can even confirm this yourself in a few simple steps by following the guide with all the gathered proof here:
https://www.reddit.com/r/XtraBYtes/comments/7ko3es/xtrabytes_proof_of_tech/?st=JBI1C3X8&sh=0e218e22
The XCITE prototype wallet in action:
Why are the developers anonymous?
http://xtrabytes.today/xby-community/who-is-behind-xtrabytes/
The developers also actually aren't as anonymous as one might think, you can even join the Discord group and talk to them yourself, and they are even looking for more devs right now. They also have two regular updates each month, they publish a development update on every 21st day of the month:
https://community.xtrabytes.global/threads/xtrabytes-development-update-january-21st.508/
And on every 7th day of the month the lead developer Borzalom, who is not as anonymous as Satoshi in any way, answers questions from the community:
http://xtrabytes.today/borzalom/777-xtrabytes-january-q-borzalom/
And here is even his real name:
https://community.xtrabytes.global/faq/who-are-the-developers.59/
Anyone can go back through the entire history of the project:
https://bitcointalk.org/index.php?topic=1864397.msg22826631#msg22826631
Also, from the January AMA:
Q1: How many developers are there on the team? A1: Although the development team prefers to remain anonymous, what we can tell you is that, besides Borzalom, there are three other developers working directly with him on the blockchain core technology. Additionally, there is a small team working on XCITE (the front end application), and another team focusing on UI & UX to ensure functionality across desktop and mobile. There are also groups working on the first modules that will run the XBY platform – from the X-VAULT data storage feature, to the X-CHANGE (distributed exchange) module to the X-CHAT system, and others that they haven’t yet announced. This is more than just a new coin – this is a mission to bring this platform to life.
In addition to the actual programming side of our development, we also have many people working on other jobs, such as writing, marketing, social media, graphics, translations, and management. In total, we paid out to over 90 people in our most recent XFUEL development payout. So, XTRABYTES is growing and we will soon post more positions!
And since XBY is a community project, anyone can apply to join the team already:
https://community.xtrabytes.global/forums/join-the-team.55/
What are STATIC nodes? Can I stake my XBY?
STATIC (Services Transactions and Trusted-in-Control) nodes form the backbone of the XTRABYTES network and play a crucial role in the consensus, security, and governance of the platform. STATIC node owners receive transaction fees and service fees for the DApp modules they opt-in to host. Security and PoSign consensus are insured using state-of-the-art encryption hash technology, requiring that every block is signed by the nodes.
Once mainnet comes online, static node registration will begin, and you will have a chance to register a static node for the XBY network. There will be three levels of nodes available.
Required deposits of STATIC nodes:
Level 1 is: 500,000 XBY or 330,000 XBY + 170,000 XFUEL
Level 2 is: 250,000 XBY or 170,000 XBY + 80,000 XFUEL
Level 3 is: 125,000 XBY or 85,000 XBY + 40,000 XFUEL
For those wondering if prices could get lowered in the future:
Q3: Are there any plans to restructure the prices for statics given the XBY price increase? A3: We have always had a plan in place that will be acted upon when the community decides the price of STATICS is too high. At this time we would not act on this because, after several months of preparation, we believe there are many people who already have a sufficient supply of XBY waiting to set up their STATIC deposits. For now, we know that the general perception in the community is that in time the Level 1 nodes will be corporate level systems, where a large corporation may decide to buy the STATIC from its initial owner. Because even at today’s prices, we are looking at well over $300,000 for a Level 1 STATIC, and in the future, we believe this will be much higher. So, this is out of reach for most people to begin with. With that said, L2 and L3 STATICS will also get too expensive at some point, and the community will decide it is time for a “halving”. When halving occurs, the number of coins will not change, but the amount of STATICS will double. Therefore, we would have 1024 STATICS on Level 1 and they would contain 250,000 XBY in each deposit wallet. The same would occur for the other 2 levels. By doing this, the deposit cost of each STATIC was cut by half and the owners could then choose to either sell one or both STATICS, break one or both STATICS, keep both STATICS on the same server or for optimal results, keep both STATICS but set up a new server for the new STATIC. Halving can occur any time it is necessary as the market expands and coupling is also possible in the future if the market starts to retract and we do not need as many STATICS to run efficiently.
What is the difference between XBY and XFUEL?
Xfuel is an internal development token and a proof-of-technology, read everything here:
https://community.xtrabytes.global/threads/what-is-x-fuel-the-long-explanation-of-xfuel.60/
Where can I learn more?
https://cointelegraph.com/news/unknown-heroes-little-coins-that-generate-big-profit/amp?__twitter_impression=true
Official blog with daily updates and newsletter:
https://community.xtrabytes.global/
https://newsletter.xtrabytes.global
You can also read the official blog on Medium:
https://medium.com/@xtrabytes
January Newsletter: https://xtrabytes.today/xtrabytes-news/january-xby-newsletter/
Community forum and useful threads:
https://community.xtrabytes.global/
https://community.xtrabytes.global/threads/everything-you-might-want-to-know-about-xtrabytes.330/
https://gettingstarted.xtrabytes.global/
https://community.xtrabytes.global/threads/the-top-wallet.269/ (The biggest whale wallet question)
Block explorer and public github:
http://xtrabytes.me/nodes
https://github.com/borzalom/XtraBYtes
The official Zendesk help center:
https://xtrabytes.zendesk.com/hc/en-us
Where can I buy XBY?
The best place to buy is currently Cryptopia, there is a full community guide here:
https://community.xtrabytes.global/threads/how-to-exchange-btc-to-xby-on-cryptopia.65/
CCex also offers XBY trading, but the fee still appears to be 50 XBY:
https://c-cex.com/?p=xby-btc
You can also buy XBY on YoBit, NovaExchange and TradeSatoshi:
https://yobit.net/en/trade/XBY/BTC
https://novaexchange.com/market/ETH_XBY/
https://tradesatoshi.com/Exchange/?market=XBY_BTC
Other exchanges are planned as well, and on some you can vote for XBY to be added already:
https://feedback.coinfalcon.com/feature-request/p/coin-xby
https://cobinhood.canny.io/exchange/p/list-xtrabytes-xby-on-cobinhood-exchange
https://feedback.altcoinexchange.com/suggestions/2104/please-add-xtrabytes-xby
https://nextexchange.featureupvote.com/suggestions/2794/xby-xtrabytes
https://twitter.com/XTRABYTES/status/951139236840960001
Where do I get the wallet for XBY and/or XFUEL?
Download from here, note that you CANNOT use an ETH/ERC-20 compatible wallet such as MyEtherWallet, XBY is a completely new coin with it's own chain and not an Ethereum token:
https://community.xtrabytes.global/threads/official-wallet-releases.56/
You should always have your private key saved, just in case:
https://community.xtrabytes.global/threads/how-to-export-and-import-wallet-address-private-keys.51/
In command line:
dumpprivkey youraddress
This will give you directly the private key. Copy and save it safely in different places:
https://xtrabytes.today/technology/putting-wallets-into-context-part-2/
XFUEL wallet detected as a virus help:
https://www.reddit.com/r/XtraBYtes/comments/7lkyk1/xfuel_wallet_is_detected_as_a_virus/
To troubleshoot the wallets, try these YouTube tutorials or the forum, but if nothing works jump on Discord into the support channel and a dev will gladly help you out!
If XBY is a community project, what can I do to help?
Well you can join the team right now:
https://community.xtrabytes.global/forums/join-the-team.55/
Or you can help by translating the webpage into your mother tongue:
https://poeditor.com/projects/po_edit?id_language=148&id=151219
You can also upvote and add events on community calendars like this:
http://coinmarketcal.com/?form%5Bmonth%5D=&form%5Byear%5D=&form%5Bcoin%5D%5B%5D=XTRABYTES+%28XBY%29&form%5Bsort_by%5D=&form%5Bsubmit%5D=
You can buy unofficial XBY merch from fans to show your support:
https://www.redbubble.com/people/cryptonian/works/29806496-xtrabytes-xby?asc=u
And you can join the Discord and Telegram and join the discussion, or join your local XBY FB group or even create one if it doesn't exist yet:
http://join.xtrabytes.chat/
https://t.me/xtrabytes_official
https://www.facebook.com/XTRABYTESOfficial/
Or you could even attempt to hack the XFUEL network and claim the still unclaimed 1 million XFUEL reward:
https://community.xtrabytes.global/threads/hackathon-bounty-1-million-xfuel-reward.98/
But I wanna do more, what else can be done?
Well to start, you can let everyone you know, know about XBY, and invite them to the testnet, you can share this everywhere and promote XBY on social media, you can make TV or YT appearances and just invite people to the testnet, you can reach out to your favorite Crypto Youtubers and celebrities and get them talking about XBY, you can get a XBY tattoo or try to get an XBY sign or wallet address noticed on TV somehow, you can start making and selling XBY shirts and apparel and anything else you can think of.
If you still wish to do more, here is a list of some of the most promising ETH based ICO's that would benefit greatly from the increased network capacity and code agnosticism of XBY, and you can either reach out to them to tell them about XBY, or start preparing to fork the code and port it to the XBY platform yourself, as the DICOM module will make this very simple, especially as early DApp developers will probably be the ones to benefit from XBY the most in the long term:
https://www.agrello.org/ (legally Binding Smart Contracts)
https://www.airswap.io/
https://aeron.aero/
https://augur.net/
https://www.bitdegree.org/en/token (Education on the blockchain)
https://token.breadapp.com/en/
http://bytom.io/
https://basicattentiontoken.org/ (ad revenue token)
https://cindicator.com/
https://www.cryptopets.co/
https://digix.global (The Stablecoin would do better on Zoltanchain with the increased transaction capacity)
https://district0x.io/
https://decentraland.org/
https://www.ethos.io/ (decentralized FIAT gateway, most promising imo)
https://enigma.co/
https://edgeless.io/ (first legal blockchain cassino)
https://funfair.io/
https://gnosis.pm/
https://golem.network/
https://genesis.vision/ (the future of investment funds)
https://iex.ec/
https://www.iconomi.net/
https://insurepal.io/
https://liquid.plus/
https://modum.io/
https://www.monetha.io/
https://mona.co/
https://www.metalpay.com/
https://origintrail.io/
https://populous.co/
https://po.et/
https://theqrl.org/
http://weekendmillionaires.club/
https://www.wacoin.io/
https://request.network/#/ (payment solution, XPAY probably has it covered already)
https://ripiocredit.network/
https://quantstamp.com/ (Protocol for Securing Smart Contracts)
https://singulardtv.com/
https://www.saltlending.com/ (fiat for crypto lending)
https://www.streamr.com/
https://sonm.io/ (a supercomputer on the chain)
https://storj.io/
https://www.smartcontract.com/ (LINK)
https://www.tenx.tech/ (Crypto payment card)
https://tronlab.com/en.html
https://www.upfiring.com/
https://utrust.io
https://www.viberate.com/
Disclaimer: I am just a bot trying to be helpful.
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