Topic: Could this coin solve some of the problems Crypto has? - page 3. (Read 2264 times)
I did tell you guys this one was going to blow up!
look potential. Let me think about it. I will spend time to learn and read about its technology. It is very great if we can avoid attack 51%. But if it can not be mined, how can it be created?
It started in a really unusual way. There is a big back story to it but simply....There was a scam ICO on CCEX called BITMOX, people worked out it was a scam so among the people scammed was a developer and a marketing guy, they talked and decided to get CCEX to fork the coin and try to do something with the coin to salvage investors money. Well the story continues and in the end the developer realises the old coin is a mess and now is building a side coin. So before they really announced his ideas which supposedly he was fermenting for some time it sat on YOBIT for a week at less than 40 sats, then increased quite a bit in last couple of weeks.
Short answer its basically 100% distributed with 1 scam ICO and then sat on an exchange at very low prices for a week. lol
Ive never seen or invested in anything like it fro good or bad, in terms of tech or community creation. It deserves a look thats all I think.
look potential. Let me think about it. I will spend time to learn and read about its technology. It is very great if we can avoid attack 51%. But if it can not be mined, how can it be created?
No ICO, NO POW, NO PREMINE, NO POS.
Unlike any other blockchain. Uses static signed nodes and a CHORDS system to check consensus. Now this system solves any scalability issues, the 51% attack problem of POS, is more secure than any other blockchain as unlike others instead of chasing a random untested node checks across a selection of signed, trusted and static nodes using CHORDS. Its is also far more efficient that anything that has gone before. Also assuming the developer isn't lying they actually worked with Peter Szor a giant in the internet security industry who died a few years back.
Probably this is the easiest way to explain how CHORDS will work in theory.
https://www.youtube.com/watch?v=q29szpcnorA
https://coinmarketcap.com/currencies/xtrabytes/
*The project is only a few weeks old as they go live at 50k block, the community is exploding on slack mainly from only YOBIT (unfortunately) users hearing about it. The community is young and the logos etc are all shit......just accept it.
https://young-basin-20186.herokuapp.com
*You only have 24 hours to register a node, after that period you won't be able to register one of these special elite nodes (thats why I thought it was fair to tell others in the wider community so no one can say they didn't have a chance)
Unlike any other blockchain. Uses static signed nodes and a CHORDS system to check consensus. Now this system solves any scalability issues, the 51% attack problem of POS, is more secure than any other blockchain as unlike others instead of chasing a random untested node checks across a selection of signed, trusted and static nodes using CHORDS. Its is also far more efficient that anything that has gone before. Also assuming the developer isn't lying they actually worked with Peter Szor a giant in the internet security industry who died a few years back.
Probably this is the easiest way to explain how CHORDS will work in theory.
https://www.youtube.com/watch?v=q29szpcnorA
https://coinmarketcap.com/currencies/xtrabytes/
*The project is only a few weeks old as they go live at 50k block, the community is exploding on slack mainly from only YOBIT (unfortunately) users hearing about it. The community is young and the logos etc are all shit......just accept it.
https://young-basin-20186.herokuapp.com
*You only have 24 hours to register a node, after that period you won't be able to register one of these special elite nodes (thats why I thought it was fair to tell others in the wider community so no one can say they didn't have a chance)
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