XTRABYTES

By resolving the blockchain trilemma (security, scalability, and decentralization), XTRABYTES™ provides limitless possibilities in terms of use cases. That’s because it does not store, validate, or protect data in the same location. Instead, it fully decentralizes these components. The result is a platform that overcomes current blockchain limitations.

Finance

Trust is the fundamental element in every payment transaction. However, XTRABYTES™ provides a 'trustless trust' for all involved parties, meaning that no trust is required for any transaction to occur. In effect, this allows investors to conduct online financial transactions without disclosing their personal identity.

In addition, XTRABYTES enables transaction recipients to accept or reject payments. Likewise, users will be able to recall a transaction request, particularly in the case of an error (wrong address, wrong amount, etc.). Thus, cryptocurrency tokens may have multiple different states, such as available for spending (confirmed), waiting for validation (reserved) and waiting for confirmation (pending).

Voting

XTRABYTES™ technology promises a uniquely decentralized approach to elections, one that enables voters to retain and validate their voting record on a mobile device. That’s because it provides election officials with the ability to review all transaction requests and validations. It also records voter data on the data chain that supports these transactions. This enables election officials (transaction’s recipients) to either accept or reject a voting request.

Furthermore, XTRABYTES employs tiered network levels to ensure maximum (and quantum-resistant) security. As an added protection, the XTRABYTES network offers the necessary transparency for identifying who is acting in good faith and who isn’t. As a result, voting fraud and tampering will not be possible.

Online Gaming

Online gaming is one of the fastest-growing industries in our world today. Experts expect the gaming industry to bring in $196 Billion worth of revenue by 2022. And with the right blockchain technology, the industry could achieve a trillion-dollar in sales.

The XTRABYTES PoSign algorithm is designed to optimize the number of gaming transactions included in any one time interval. Consequently, the number of data transactions that can be entered is limited only by how quickly network users can add and validate them. In addition, the XTRABYTES™ platform can help transform the online gaming world by monetizing in-game rewards, currencies, resources, tasks, and other items.