Hello! What are the functions of the platform? Can you explain it more detailed?
Hello freepotuleg
BitcoinPlus also known by its ticker - XBC, is an alternative Cryptocurrency with a Modern and Efficient working wallet. XBC has a low start supply with a Maximum Total of 1 Million Coins. BitcoinPlus Coins are generated through Proof of Stake. Little over 100,000 coins are currently in circulation.XBC Wallet has the TOR network Integrated through a Native TOR wallet and onboard P2P encrypted messaging.
https://www.bitcoinplus.org/blog/tor-network-and-xbchttps://www.bitcoinplus.org/blog/setting-your-bitcoinplus-xbc-wallet-messagingBitcoinPlus has a much shorter average block time. 60 seconds compared to Bitcoins 600 seconds. So straight away BitcoinPlus can already handle 10 times as many transactions every 10 minutes.
The Block size limit in BitcoinPlus is also larger at 1.5MB or 1500000 Bytes.
This is highlighted in the source code -
https://github.com/bitcoinplusorg/xbcwalletsource/blob/master/src/main.h#L32The average Transaction size of BitcoinPlus is very similar to Bitcoin. Using the Bitcoin average of 495 bytes we can work out how many transactions BitcoinPlus can handle every block.
Maximum Block Size / Average Transaction Size = Average Transactions Per Block
1500000 Bytes / 495 Bytes = 3030 Transactions
To calculate how many transactions per second this is simply
Number of Transactions Per Block / Block Time in Seconds
3030 Transactions / 60 Seconds = 50.5 Transactions Per Second
BitcoinPlus is now entirely Proof-ofStake (Pos)
https://www.bitcoinplus.org/blog/proof-stake-explainedTechnical Specs
Symbol:XBC
POW Algorithm :POW was switched off at Block 400,000. The algorithm used was X13 and the block reward was set at ZERO. Proof of Work was only used to secure the network where necessary.
POS Stake Inflation :20% Annually. (Calculated per 365 days)
Minimum Stake Age :12 hours (Coins must be in the wallet for 12 hours before being eligible for Staking)
Coin Reward Maturity:110 Blocks (Once newly created coins have reached 110 block confirmations they will become spendable)
Block Time:60 Seconds
Maximum Block Size:1.5MB or 1500000 Bytes
Max Supply :1,000,000 (1 Million) Coins (After which no NEW coins are rewarded. Currently rewards are made up of NEW coins and transaction fees. Once 1,000,000 coins is reached all POS rewards will come from transaction fees only).
The XBC Project are now aiming for Segwit and CSV implementation in the 2nd quarter of 2018. (Q2). Once that is released The BitcoinPlus Project will re-assess what is next on the agenda. Payment Channels and Lightning Networks are all likely to be considered.