We’ve asked members of Bitcointalk forum what will they asked cryptocurrency/token developers to prove that their project is unique legit and worthy of investors and community supports.
Be sure to read all the answers there’s gold hidden in this cryptocurrency project
What Is the official name of your coin/token
Do you have social profiles for your coin or groups/forum, if there are can you please send us all the links?
Any office or location where people can physically interact?
The team is based all over the world and work remotely. We find this to be a better solution, as we can bring in talent from anywhere.
Is there an ICO/Premine for this coin?
No ICO/Premine for XTRABYTES, all XBY is in circulation due to how the project came about.
How Did XTRABYTES start?
XTRABYTES started as a fork of a failed ICO from Bitmox. A lot of people lost their money when the Bitmox devs abandoned the project. This is where XBY’s lead dev Borzalom stepped in to resurrect the project by forking Bitmox and starting XBY.
What is algorithm behind the coin? Standard hash solving mechanism, or like in Primecoin case mining involves finding Cunningham chains or something else?Is coin POS/POW or mixed?
We have created a brand new algorithm to achieve consensus called Proof of Signature (PoSign), it is neither POS or POW.
Why did you choose this algo for your coin?
POS and POW have many flaws that are becoming obvious as they undergo adoption. We knew this a long time ago and had to develop a new consensus algorithm, PoSign, to eliminate the flaws in the current blockchain tech. With PoSign, consensus is fast, extremely secure, and scalable for mass adoption.
What is the purpose of the coin? (Is it only used as currency or there is some deeper system behind it?)
XTRABYTES is a complete platform that will move blockchain technology forward. We are building the tools to allow developers to build upon XTRABYTES in multiple programming languages. We want developers to have unlimited options so they can bring their ideas to life.
Who are the team behind XTRABYTES and what are their expertise
Borzalom is the head developer. He prefers to keep his anon status for now.
Does dev or the team have any experience that makes them likely to succeed?
We have had two successful testnets so far and we are about to enter into our third and final test. After a successful third testnet where we will stress the platform to its limits, STATIC nodes will be open for registration.
Do you have a bounty campaign, if yes please share the links
If you ever had the chance to talk with Satoshis what would you ask?
Why didn’t you tell me how much BTC would be worth one day when I bought those pizzas??!!! Also, why did you chose to remain anonymous, like Borzalom did?
Even Vitalik Buterin with Ethereum can’t beat Bitcoin. How you gonna do it.
XTRABYTES does not seek to “beat” bitcoin at all, at least not in its own game. We see ourselves as the next step in blockchain evolution and are creating something completely new, a protocol and a platform for future innovation. Our goal is to allow any programmer anywhere in the world the ability to create a custom module on the platform in many languages. By allowing third party DApps on the platform, we are creating a truly open community without having to commit to a single protocol. Our goal isn’t to stand on the shoulders of giants, instead, we are aiming to solve problems that other crypto platforms have been unable to overcome.
Message to investors and supporters
Borzalom has identified a 100% patent-able section of our tech that we are going to register. Obviously we cannot share any more details about this at this time. However, this is a major event for 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 avoid a split within the community.