Hi guys - are you able to help me clarify my understanding of Xtrabytes. Is this broadly correct? Please correct anything I've misunderstood. If you can help with the questions that would be great! History - Bitmox ICO was a scam. https://bitcointalk.org/index.php?topic=1742783.0 - A new developer decides to resurrect old coin, salvage value and use existing exchange. Hard fork and renamed to Xtrabytes. https://bitcointalk.org/index.php?topic=1793468.0 How it works (my basic / noob understanding) - Proof of Signature "Zolt" where all Static Nodes sign each block. - Almost 80% of XBY coins will be locked up with Static Nodes (517,120,000 / 650,000,000) so there's a semi proof of stake concept too (i.e. nodes are heavily invested in network). - Static Nodes have their own private, uninterpreted network of their to ensure they can sign blocks and communicate quickly "vital network". - There's also a function that alerts the nodes to sign the block and to timestamp each transaction ("pulse network"). Positives - No need for Proof of Work - Can run D-Apps (like Etherium and Neo) and unlike most other cryptos, it can support most code languages Visual Basic, Java, C++. - Cool app roadmap (storage, exchanges, instant messaging ) - No ICO. - Enhanced encryption (SHA 512) Negatives - Not as anonymous/private as some other cryptos (i.e Dash). - Insufficient information available on x-fuel/pay scale. - Shills on community forums/discord/slack. - Excessive marketing (18 country specific Facebook pages) before proof of tech. - Censorship on reddit community forums What I still don't get - Why three layers of static nodes? - What happens when nodes disagree? Is there a consensus / dispute resolution concept? - How do the developers get compensated via x-fuel (something about selling out to future nodes)?