How do you explain XTRABYTES in plain language? This article is copied from https://steemit.com/cryptocurrency/@t0mpee/so-here-s-a-rough-idea-of-my-understanding-of-xtrabytes-and-why-it-will-be-a-direct-competitor-with-other-coins-soon
The big talk on the street these days is about the Ethereum and NEO platforms, but it’s likely XTRABYTES will be the single biggest platform. It’s not only the single most scalable platform but also secure as if a hacker were to gain access; you could simply shut down the node until the network was once again secure from my understanding, and has the ability to add modules or as we call them today, applications, onto its ecosystem both seamlessly and in a unique way in any programming language.
The greater part of all of this is for those who have purchased nodes in the early stages will collect service fees for the applications used across the platform and also to the application developers; so decentralized applications can make money by simply plugging into the core ecosystem; which is a huge game changer as currently there is no other cryptocurrency, from my understanding (and please correct me below if I’m wrong); that will do this.
This will eliminate the need for ICOs, or Initial Coin Offerings, as applications will literally thrive or die by the people using them. The platform itself will become a kind of democratic voting process as to which applications will survive, and which will be canceled out to their own.
The cost of XTRABYTES, in my opinion – and I am not anywhere near an expert; could go well past and maybe even take on Bitcoin due to the sudden surge in the value of itself as it will not only be a coin but a live, breathing platform.
Credit to Rocketman for writing the original plain language article on BTT here https://bitcointalk.org/index.php?topic=2101289.0.
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We don’t just publish articles, XTRABYTES is a whole new blockchain platform that allows DApps to be programmed in any language, utilizing a new consensus algorithm called Proof of Signature. In doing so, XTRABYTES presents a next – generation blockchain solution capable of providing a diverse set of capabilities to the general public.