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Please visit the Xeonbit website to find out more.Cryptunit uses data provided by CoinGecko
Xeonbit is not just a digital currency. It’s a community’s lifestyle, backbone and commercial foundation for the internet. Decentralized digital currency is slowly becoming a normal part of everyday life. Yet people’s main internet device continues to be their mobile, a device with a low-powered CPU and limited available storage.
|27. Nov 2018
Max supply: ~18.4 million
Block reward: smoothly varying
Difficulty: retargets at every block
What is Xeonbit?
Xeonbit is not just a digital currency. It’s a community’s lifestyle, backbone and commercial foundation for the internet. Decentralized digital currency is slowly becoming a normal part of everyday life. Yet people’s main internet device continues to be their mobile, a device with a low-powered CPU and limited available storage. Xeonbit is about enabling this era, enabling an age where all people everywhere have the freedom to privately send and receive money with whatever gadget they already own. With Xeonbit you are your own bank.
There is only you can control and be responsible for your funds. Your accounts and transaction are out of reach to any prying eyes. Xeonbit uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the internet network.
Secure Payments by Xeonbit
Payments are still anonymous by default. But unlike others, Xeonbit also allows for traceable transfers. It protects a receiver from defining his or her balance through inspecting incoming messages to the user’s public address. All the information that they receive is at your disposal 100% with no limits or restrictions; This is our top priorities for your privacy and security therefore we adjust to each client's needs easily with its potential to be enlarged to fit in that growth.
The young working age group contributes substantially being the driving factor in the uptake of cryptographic purchases. In the United States, around 48 percent of those between 18-24 years, 53 percent of those between 25-34 years and 42 percent of those between 35-44 years are expected to be willing to use Xeonbit and other cryptocurrencies as the medium for making purchases and remitting transactions.
It is an optimistic figure even if it is just 30%. If there are just 30% of the workforce willing to adopt cryptocurrencies as a means of payments, the crypto market can safely expect a stronger demand in cryptocurrency and its gradual integration into our daily considerations. If Xeonbit can be used as a means of completing these online transactions, then the currency can quickly become one of the most preferred. All we need to do is to ensure that the currency has value, liquidity and it can perform swift transactions.
2017 eCommerce revenues to note:
Alibaba: Within China is $18.92 Billion and International revenue at $2.11 Billion USD.
eBay: Net revenue of $9.6 Billion USD.
Amazon: Net sales of $178 Billion USD.
Among the notable eCommerce platforms includes Lazada (Singapore), Q10 (China), and what not. At the meantime, cryptocurrencies make up only a small percentage of the electronic payments. However, as more people become aware of the benefits and blockchain systems get better adapted to completing payments, the market share of the electronic payments industry not only is expected to rise, but also increasingly become part of consumers’ core consideration as mode of payment.
Proof-of-work: there is a need to ensure that the value of a cryptocurrency grow. Instead of using the popular proof-of-stake architecture, the proof-of-work architecture should be adopted to provide the best solution. One of the reasons why Xeonbit keeps appreciating is because it still relies on the proof-of-work architecture. However, the algorithms must be improved to increase the speed of the transactions to increase its efficiency in the application of both payment processing and remittance.
Security: providing privacy based on the notion of anonymous transactions without any obligations to cooperate with third parties. This will enhance the demand of a cryptocurrency.
Confidentiality: the issue of confidentiality can be solved by going back to the essence of cryptocurrencies. These currencies are based on the cryptographic information. The anonymity of the users is provided by pseudonyms and encryption of the ledger. However, public keys can be used to give a general idea of the transactions made by a user. A solution is to find a way to assign the public keys in a different way to make transactions untraceable. This will dictate true confidentiality of transactions conducted on a blockchain network.