What is Byte Snowball (concept leading stock byte)?
What is Byte Snowball? Byte Snowball (XTX for short, Chinese name: Xiaobai) is
What is Byte Snowball? Byte Snowball (XTX for short, Chinese name: Xiaobai) is a network platform composed of Internet users, developers, and users.
During the ten days before March 1, 2018, the founding team of BitTorrent released a “new product – Yitoutiao”. The project received investment and support from many well-known investment institutions, including Sequoia Capital China. The “BitShares” launched this time also attracted a large number of Chinese investors to participate and raise funds through token sales. The “Bitcoin mining pool” (BTC.com), BTCC.IO, and the Tezos Foundation jointly released the “Bitcoin Cash Blockchain Mining Platform”, which has entered the testing phase. “Byte Snowball CEO Yang Haipo said, “We are glad to be one of BitTorrent’s biggest fans because it brings more vitality to our ecosystem.”
For many cryptocurrency enthusiasts, the term “Bitcoin Cash” sounds a bit strange. But if it is called “Bitcoin SV,” it may just be a joke. In fact, technically, Bitcoin SV is a very successful decentralized application. Simply put, it is based on the Ethereum protocol, with the goal of helping the blockchain industry grow and making more ordinary people access these encrypted assets and various activities in the digital economy. In addition, as a new type of economy, its emergence allows people to make money through payment methods, and this method can also be used to purchase anything else.
However, although it is not clear why Bitcoin Cash will be used for payments, statistics show that about 50 listed companies are currently using Bitcoin for payment businesses. This means that Bitcoin Cash is now in the production process. (Editor’s Note: “Bitcoin ABC” is a software proposed by Bitcoin core contributor Roger Ver. It aims to solve the problems of the Bitcoin community and enable them to easily use Bitcoin blockchain for value transfer and transactions.)
So how to ensure the security of the Bitcoin network?
Actually, the most important thing is to prevent things like hacker attacks from happening. BitTorrent founder Charles Hoskinson designed a method called “EthersofWash” (a fish that kills three birds with one stone) to ensure that their nodes remain secure and records cannot be tampered with in a special way. The purpose of doing this is to protect each user’s data privacy from being violated. Therefore, he launched two tools:
1. Trustworthy computing hardware; 2. Distributed storage devices; 3. Peer-to-peer transmission protocol.
Concept leading stock byte
Shanghai Qiyuan Information (002537.SZ), one of the concept leading stocks of byte, announced that since May 28, it has launched a total of three new projects. Among them, ByteDance’s product “FeiTian Chengxin” officially landed on the Shenzhen Stock Exchange A-share market in April.
It is reported that “FeiTian Chengxin” was jointly initiated and established by the Institute of Computing of the Chinese Academy of Sciences and the China Computer Federation. It aims to use blockchain technology to solve intellectual property rights and build a trusted data service ecological system. (Securities Daily Network)
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