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Borzalom has identified a 100% patent-able section of our tech and we are going to register the patent. Obviously we cannot share any more details about this at this time. But, this is a major moment for the XTRABYTES™ Community and it is very important to also note that the patent owners (Borzalom and CCRevolution) will enable free usage forever of the patent for the XTRABYTES™ Community only. This is designed to protect the XTRABYTES™ Community. It is no secret that we want to prevent a fork, because we do not want to see a bunch of useless altcoins like BTC has. We want to integrate all the developer power into one project and not have the resources split.Source: https://blog.xtrabytes.global/xtrabytes-news/borzalom-777-decembe
Q1: How many developers are there on the team? A1: Although the development team prefers to remain anonymous, what we can tell you is that, besides Borzalom, there are three other developers working directly with him on the blockchain core technology. Additionally, there is a small team working on XCITE™ (the front end application), and another team focusing on UI & UX to ensure functionality across desktop and mobile. There are also groups working on the first modules that will run the XBY platform – from the X-VAULT data storage feature, to the X-CHANGE (distributed exchange) module to the X-CHAT system, and others that they haven’t yet announced. This is more than just a new coin – this is a mission to bring this platform to life.In addition to the actual programming side of our development, we also have many people working on other jobs, such as writing, marketing, social media, graphics, translations, and management. In total, we paid out to over 90 people in our most recent XFUEL™ development payout. So, XTRABYTES™ is growing and we will soon post more positions!
Q3: Are there any plans to restructure the prices for statics given the XBY price increase? A3: We have always had a plan in place that will be acted upon when the community decides the price of STATICS is too high. At this time we would not act on this because, after several months of preparation, we believe there are many people who already have a sufficient supply of XBY waiting to set up their STATIC deposits. For now, we know that the general perception in the community is that in time the Level 1 nodes will be corporate level systems, where a large corporation may decide to buy the STATIC from its initial owner. Because even at today’s prices, we are looking at well over $300,000 for a Level 1 STATIC, and in the future, we believe this will be much higher. So, this is out of reach for most people to begin with. With that said, L2 and L3 STATICS will also get too expensive at some point, and the community will decide it is time for a “halving”. When halving occurs, the number of coins will not change, but the amount of STATICS will double. Therefore, we would have 1024 STATICS on Level 1 and they would contain 250,000 XBY in each deposit wallet. The same would occur for the other 2 levels. By doing this, the deposit cost of each STATIC was cut by half and the owners could then choose to either sell one or both STATICS, break one or both STATICS, keep both STATICS on the same server or for optimal results, keep both STATICS but set up a new server for the new STATIC. Halving can occur any time it is necessary as the market expands and coupling is also possible in the future if the market starts to retract and we do not need as many STATICS to run efficiently.
Just this week we saw a perfect example of why we are not going on large exchanges at this time. We are still running on the clone chain and this chain is a mess. There are many flaws and we have patched over many things in order to make it work the way we want for the time being. However, what is going to happen if there is an even bigger emergency due to some sort of technical failure on that chain or any other tech failure during this development period and we are on the big exchanges with a multi-billion dollar market cap? This is why we are not willing to go on any big exchanges right now. We must be patient and realize anyone who has been lucky enough to discover XBY at this early stage is in a position to achieve great success as we roll out our full tech as time goes by.
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