A hyper-capable network, XTblock will deliver not only a high-performance blockchain, but also the ability to decentralise artificial intelligence and bot computing. Therefore a powerful blockchain that will address the issues of low speed, high latency and limited scalability is only one of its use cases. It’s applicability goes far beyond.
As you will see in our roadmap and business model (available on this website), we are currently developing various scientific and commercial use cases to demonstrate the performance and real-world viability of this hyper-capable network. In short, the XTblock network will be applicable to every industry.
Some key milestones in the pipeline, that are intended to prove these capabilities, are various applications within the realm of decentralised finance [DeFi], decentralised AI, decentralised live video streaming, an NFT marketplace, crypto market analysis bots, crypto trading bots, and much more.
No – our platform is not based on another blockchain. It is a hyper-capable network with a super-computer architecture that will enable a high-performance blockchain, decentralised AI and bot computing, as well as potentially other significant use cases.
Mainstream blockchain adoption is low due to various factors, but we will mention two big ones in a nutshell:
Performance: Current blockchains are limited in terms of performance and not easily scalable to meet the needs of developers or enterprises.
High cost related to: Development of decentralised applications (dApps); hiring systems administrators; CapEx for expensive network infrastructure.
At the core of our tech, time-sharding is our uniquely powerful enhancement to network architecture that enables true scalability, low latency and high transaction speeds. Combined with the technique of time-sharing, it sets the stage for a whole new dimension of capability across blockchain and beyond.
Importantly, we are also powerfully enabling Distributed Bot Computing and Distributed AI Computing.
Our unique subscription model utilises network infrastructure from various partners. These subscriptions make access to our network very affordable. Moreover, our Platform Terminal removes the need for an expensive system administrator or team.
XTblock’s scalability, speed and low latency give it an unfair advantage. Thanks to its supercomputer architecture, developers and enterprises can simply subscribe for higher speeds (transactions per second or TPS), or drop to lower speeds, with only a few clicks in our Platform Terminal app – without the need to reconfigure the entire network.
Quick, simple, fast:
The Platform Terminal app does away with the need for complex network configuration as seen with other platforms; dApp developers will want to (and love to) use it, because it makes editing easier, simpler and faster – a big difference from what they are currently used to.
Decentralised Bot Computing:
We are also focused on empowering specialised bots by allowing them to access the massive computational capabilities of our network.
XTblock will enable bots to compute with large data volumes by leveraging its considerable computing power using, potentially, hundreds or thousands of nodes on the decentralised network. This will allow the bots to execute even complex tasks in parallel, and in a timely manner.
This also applies to blockchain oracles, which will be able to take both on-chain and off-chain information to process it on XTblock.
Decentralised AI Computing:
Today, blockchain infrastructure is huge and uses high-performance computers (CPU/ GPU/ RAM/ Storage/ Network) which are also good for algebraic calculations and fit for computing requirements for AI; however, existing blockchain implementations only use blockchain nodes and networks for the simple purpose of block verification.
XTblock’s core premise is that the same architecture, miners and infrastructure can be used for AI computing services, like distributed problem solving (DPS), federated training and distributed functioning. This is called Distributed Artificial Intelligence or dAI for short.
So, rather than use blockchain nodes and networks for the simple purpose of block verification, which is a colossal waste of computing power, we present cutting-edge possibilities in AI through the creation of a new type of distributed architecture that runs on our hyper-capable network. It is the intersection of two technologies that are individually revolutionary, but which can change the course of business, industry and the world at large.
By solving the problems of scalability and performance, XTblock aims to realise this vision for Distributed Artificial Intelligence in a manner that is truly viable.
Stress testing (sometimes called torture testing) is a form of deliberately intense or thorough testing used to determine the stability of a given system. It involves testing beyond normal operational capacity, often to a breaking point, in order to observe the results. XTblock passed such a stress test for its network architecture in 2020.
Anh Le, Founder and CTO – Core Tech
Anh possesses extensive experience as a technology advisor and independently contracted CTO over 15 years, across numerous complex software-based systems. His unique ability lies in being able to design entirely new Blockchain based system architectures and algorithms. Anh has conducted extensive research across Blockchain and AI, and devised the revolutionary concept of Time Sharding. His vision is to decentralise AI and revolutionise Blockchain architecture to significantly increase its speed and scalability, remove barriers to blockchain adoption, and help to create a bold new decentralised Bot and AI computing economy.
Leonard Rego, COO
Over the past 22 years, Leonard has been instrumental in the business positioning and growth of several high-profile regional and international brands, and has helped strengthen their core selling propositions. His particular entrepreneurial strength lies in the identification of promising commercial opportunities, and the development of viable go-to-market strategies. Since 2007, as Founder & CEO of Eleven777, he has played a pivotal role with clients such as Emaar, 3M, Messe Frankfurt, Armani Hotel, Tecnotree Telecoms, Jumeirah Group, Masterkey Real Estate Software and several others. As COO of XTblock, he brings the same thinking to leverage the potential of its revolutionary technologies for massive change across every industry.
Venkata Sanjeevi, CTO – Infra
Venkata Sanjeevi’s CV spans over 20 years in the tech sector, including key roles in management and at senior levels of leadership, for multi-million dollar Enterprise Infrastructure & Operations initiatives. He has repeatedly demonstrated excellence for data centre service providers in a Managed Services and/or Co-location arrangement and ‘Virtual Data Centre over a Public Cloud – AWS’. Notably, he has been instrumental in the development of Complex Information Technology programmes and projects for various business segments, from Aviation and Financial Services to Manufacturing and Trading.
Wayne Dsouza, CBO
Wayne possesses over 23 years of International Operations and Service Delivery experience with an emphasis on client relations and strategic planning . His career record spans the identification of vital business opportunities, while designing and implementing processes to elevate productivity while keeping operational costs to a minimum.
Because XTblock is a hyper-capable network that can also be used to create a high-performance blockchain, it has the potential to replace legacy IT systems,. But supercharging blockchain, it can also take it into the mainstream for all industries. But very importantly, its capabilities also extend to Decentralised Bot and AI computing. Therefore, the industries it can have a transformational impact on include Banking, Financial Services, Insurance, Healthcare, the Government Sector, Energy, Telecoms, Media, Entertainment… the list is virtually endless.
We’re proud of being incubated by the prestigious Singapore Management University (SMU) Institute of Innovation & Entrepreneurship (IIE)’s incubation programme, B.I.G. – the Business Innovations Generator. Singapore Management University (SMU) is one of Asia’s most prominent universities, and was launched in collaboration with the Wharton School of the University of Pennsylvania.
Our technology company is incorporated in Singapore.
Our Multiplied Delegated Proof of Stake (mDPoS) consensus is an enhancement of DPoS, to secure our multi-chain architecture.
The typical block time is 1 second and the typical block size ranges from 100KB to 1MB. Importantly, both can be set according to users’ requirements.
The security audit report for our XTT-b20 token contract has been completed and marked as secured by Hacken, one of the world’s leading cybersecurity firms
XTT is XTblock’s protocol and utility token. It will enable developers and enterprises, as well as end-users, to purchase computing services and use dApp(s) on our high-performance blockchain platform.
Please refer to the Tokenomics document on our Github:
Currently, it is XTT-b20 on BSC, XTT-e20 on Ethereum. At a later date, it will be XTT on our Mainnet.
1. Binance Smart Chain
Ticker: XTT-b20 (BEP20)
2. Ethereum Mainnet
Ticker: XTT-e20 (ERC20)
XTT will be a protocol and utility token on our mainnet. Its issuance is to enable users of the XTblock platform to avail and use services on the platform:
● Access to the services and products offered by XTblock
● Network node requirement: A staking method for being a node of the network
● Participation in XTblock ecosystem governance as a voting right:
○ Protocol changes and upgrades
○ Parameter changes
○ Roadmap or Tokenomics adjustments
○ Other governance options that could appear
● DeFi: Swapping, Staking, Farming, Lending, NFT Exchange (but not limited to these).
● Network and storage fees
XTT-b20 is currently listed on PancakeSwap, and for four weeks starting on 15 September 2021, which is the launch date of our IDO, our pool-balancing bot will stabilise the price at 0.51 BUSD/token. Plans to list on a CEX are underway and will be announced in due course. For updates, please join our Telegram group via the Telegram icon link at the bottom of the page, and check back for announcements on this website.
For more information on our Tokenomics, visit https://github.com/xtblock/tokenomics