XBT refers to crypto data network system on public blockchain, with XBT public chain for short. It is a “global brand new ecological” crypto data network system on public blockchain. Similar to iOS/Android OS for mobiles phones and Windows OS for PC, XBT public chain supports the framework of various DAPPs, meeting the demands of various businesses or applications involved with finance, agriculture, social media, education, employment, pensions, public welfare, healthcare, commodity anti-counterfeiting, and food safety, as well as providing complete blockchain technology service for big data, human intelligence, network security, and digital economic development across the world. XBT is a fair, open, and transparent blockchain technology service system where everyone can participate.
Bitcoin used the latest Hash algorithm SHA2 at that time, then later Ethereum adopted more secure and reliable quality algorithm Keccak. XBT public chain used the most advance blockchain 3.0 technology, but now uses the latest algorithm SHA3 after NIST (National Institute of Standards and Technology) adjusted Keccak. XBT works as bridge and security guard in the crypto data network system on public blockchain. The latter is essential, which requires that gateways joined the protocol must hold XBT.
XBT has been applied to Saoni Blockchain Anti-counterfeiting Platform (from AATT), Bump APP (big data and AI intelligent blockchain social media platform), Ai Chain, Shizhen Zibu APP, Zhunzang APP, COOK Blockchain Ecosystem Platform, ABCKIDS, Bainian Yizhu, Shenbi Maliang Intellectual Property Platform, Huiziyang Tourism Project and Pujiang Smart Agriculture Project. (Note: These platforms are Chinese spelling.) XBT can be accessed to any government, enterprise, and individual projects which need blockchain technology for free, from big platforms to small online shops. XBT has to be burnt (permanently) to run such applications, decreasing the XBT in circulation. Gateways’ demand for XBT will be increasing if XBT protocol can become a popular payment protocol across the globe, thus making XBT appreciate due to its increasing demands and lowering quantity in circulation.
Full same in English: XBT
Token symbol: XBT
Investor/Institution: Jimao Capital, Qianxin Tongchuang, and Zhongxin Investment
Issue date: October 19, 2020
Total supply: 2,100,000,000
Circulating supply: 20,000,000
Official website: https://www.xbt.wang/home
White paper: https://obs.xbt.wang/document/whitepaper.pdf
Blockchain explorer: https://www.xbt.wang/explorer
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.