XFUEL – Another Token in the STATIC Network

It should be stressed that neither a proof-of-work nor a proof-of-stake consensus is used. Accordingly, there will be about 650 million XBY from the beginning. As indicated above, operators of STATIC nodes will be involved in fees. To initiate a STATIC node, a certain amount must be deposited in XBY as a deposit – DASH and other master node systems send their greetings. The amount is different for the existing levels 1, 2 and 3 at STATIC nodes.

In principle, a high number of STATIC nodes would be good for decentralization. If we now assume that a large number of STATIC nodes would accumulate over time, the problem would be that the liquidity of the crypto currency would drop dramatically with the increasing number of nodes. To stop this, the number of STATIC nodes is limited and a token called XFUEL is created in addition to the actual XBY currency. This is to be used to „pay“ developers and supporters. In addition, XFUEL can be used to replace one third of the necessary XBY deposit with X-FUEL, thus maintaining liquidity.

X-CHANGE, X-VAULT and the XTRABYTEs Possibilities of cryptosoft Development

The modular structure of cryptosoft also allows fast expansion like this: https://www.geldplus.net/en/cryptosoft-review/ Using the DICOM API (DICOM stands for Distributed Command Message) extensions can be written in different languages. So modules and decentralized applications or dApps can be written in programming languages like Visual Basic, Java or C++.

A few modules are already planned: X-CHANGE should become a decentralized Exchange. First and foremost, hosters of STATIC nodes should be able to use this decentralized exchange. With X-VAULT, a decentralized file storage is to be created on the basis of the VITALS nodes. The data will be distributed over different STATIC nodes and encrypted.

Finally, further apps such as X-CHAT, X-PAY, X-CERT and X-DEAL are planned.

A shadow of the crypto trader past called Bitmox

So much for the crypto trader concept: https://www.forexaktuell.com/en/crypto-trader-scam/ Admittedly, the overall concept behind this crypto currency is quite confusing. A lot of details had to be gathered and with STATIC, PULSE and VITAL it is also a rather confusing system.

For several critics there is a shadow on XTRABYTES: This crypto currency is a hard fork from Bitmox, whose ICO was a fraud. However, it has to be acknowledged that Borzalom, the developer behind XTRABYTES, is transparent about this past and stresses that he wants to steer the project in a different direction. But on Reddit and other dark corners, further criticism is levelled at the project and the main developer behind it. The rumors in the criticism even go as far as paid pump-and-dump groups. It should also be noted that the developers want to patent at least some aspects of the technology, which undoubtedly leads to a centralization of the technology behind it.

The ideas behind the project are certainly exciting, but with regard to the Red Flags listed above, the investor should follow the project with healthy skepticism. If you want to get a closer look at XTRABYTES, please refer to the white paper, the website and the very active forum.

The Case of 1933p: Mysterious Bitcoin Wallet Remains in Motion

The Bitcoin exchange rate fell below the US$ 7,000 mark on September 5. To date, the largest crypto currency in terms of market capitalization has not been able to recover from this strong dump. The search for reasons led first to Goldman Sachs, then into the dark corners of the net. Now there are new insights: On the trail of sick_silk and the Wallet 1933p.

If Bitcoin’s share price drops or rises dramatically within a short period of time, the community quickly looks for reasons. Often it is announcements by companies or governments that have made new decisions and thus influence the (perceived) security of investors. First there was the news that Goldmann Sachs had abandoned its plans to set up a trading desk. As it turned out soon afterwards, the news was a duck. Nevertheless, there were some investors who were apparently unsettled by the news and made offers to sell on the relevant Bitcoin exchanges.

The mysterious Bitcoin secret Wallet 1933p

But there was also another Bitcoin secret news item, which is currently mainly making the rounds at Reddit. It’s the story of a mysterious Bitcoin secret wallet that once contained the impressive amount of 111,114.62 BTC. And in which suddenly again movement came. Some evidence suggests that it is the wallet of Dread Pirate Roberts, a moderator and alleged operator around the DarkNet black market Silk Road. But another candidate is suspected of being connected to the mysterious wallet.

The current cryptosoft status

The cryptosoft facts in brief: The Bitcoin address 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a (hereinafter 1933p) originally contained 111,114 Bitcoin. Until recently and since 2014, there were hardly any movements from it until unknown persons began to transfer Bitcoin to the Bitfinex, Binance and BitMex stock exchanges. The analyses carried out so far allow for another suspect in addition to Dread Pirate Roberts and the Silk Road: Mt.Gox.

Mt.Gox – Faster than the Bitcoin rocket
The story of Mt. Gox is quickly told – and reads with its ups and downs like the Bitcoin course of the last two years. In 2009 Mt.Gox started as a trading place for Magic playing cards (Mt.Gox stands for Magic: The Gathering Online eXchange) and switched to Bitcoin a year later. The Mt.Gox rocket has since moved towards the moon – in August 2013, 60 percent of Bitcoin’s trading volume was handled through Mt.Gox. But there the rocket crashed as fast as it was launched. On 28 February 2014, Mt. Gox filed for bankruptcy at a Japanese district court.

What had happened? Mark Karpelès in distress
Mark Marie Robert Karpelès emigrated from France to Japan in 2009 and founded the IT company Tibanne Co. in Tokyo. With IT knowledge and entrepreneurial skills, he acquired the Bitcoin trading centre Mt.Gox there in 2011. Three years later there were apparently technical problems – Karpelès gave up his seat on the board after the stock exchange had stopped all payments in February 2014 – 850,000 Bitcoin had disappeared. Some time later, Karpelès revised his statement – suddenly „only“ 650,000 Bitcoin were still missing. Finally Karpelès was arrested – there was no trace of the Bitcoins.

And suddenly the money was gone
Many users were alienated – the money was gone. There was considerable doubt that the security measures were indeed poor, justifying the lack of such a large amount of Bitcoin. Often cited (and rarely confirmed) insiders reported significant vulnerabilities and poor organization within the organization. Even the US Homeland Security had investigated against Mt.Gox – here it was missing licenses that the authorities chastised the company. Nevertheless, the internal problems were much more serious. In the end, it turned out that the hack had been going on for two years, until Mt.Gox finally decided to file for bankruptcy. The funds had already been transferred to external wallets for a long time. Allegedly, the Private Keys were stored on a file called „wallet.dat“. It was easy for hackers or insiders to steal them. Suddenly the Bitcoins were gone:

South Park – „…and it’s gone“
Watch this video on YouTube.
In March 2014 – shortly after the stock market had stopped all payments – the company announced that 200,000 Bitco