XTRABYTES
Crypto Overview
Project Overview
XTRABYTES was introduced as a cryptocurrency project that aimed to develop a new blockchain technology called ZOLTCHAIN, promising superior scalability and security through a novel consensus mechanism called Proof of Signature (PoSign). The project claimed it would offer a platform for decentralized applications with better performance than existing solutions.
Current Status
Based on the most recent available information, the XTRABYTES project appears to have become inactive. The official website is no longer accessible, development activity has ceased, and there has been no significant communication from the team since 2020. Trading volume is minimal across exchanges that still list the token.
Intended Utility
The intended utility of XBY tokens included: serving as the native currency for the ZOLTCHAIN network, paying for transaction fees, and participating in the network's consensus mechanism. However, the promised technology was never fully developed or deployed.
Real-World Adoption and Usage
There is currently no evidence of real-world adoption or usage of the XBY token for its intended purposes. The project did not achieve its stated technological goals, and the token exists primarily as a traded asset on a few minor exchanges.
Development Activity
Development activity appears to have completely stopped. The project's GitHub repositories show no recent commits, and there are no signs of ongoing technical development.
Crypto Impact
To assign a comfort level investing in XTRABYTES from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to XTRABYTES.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.