THE BITCOIN MINING OVERVIEW
THE BLOCKCHAIN: The Blockchain has a reputation for its enhanced security protocols, digital signatures, and unique processes which is used to confirm and store transactions. Decentralized mining is Bitcoins most valuable benefit and it is offering a peer to peer platform and cutting the need for a third party to ease transactions.
WHAT IS MINING ALL ABOUT?
Mining is the process in which a computer merges its power into the network of transaction validators. By distributing its ledger to thousands of validators combined with millions of miners, it is impossible to predict which one will be the next to enter a block of transactions. Every transaction is confirmed using a script that backtracks the permanent record of the sending party to add up how much value should be available to send.
PAYMENTS SYSTEM: The combination of these layers solves the double spending which flawed digital currencies before the release of bitcoins. Double spending fraud from central bank accounts causes inflation and still occurs daily. The Financial experts report that Blockchain technology could replace traditional payment systems within the next few years. Therefore, we logically assume that cryptocurrencies are promising and secure investment options as well. Extrabit is not a crypto trading exchange neither is it a dedicated crypto wallet. Extrabit is all about mining and most of its profits are earned from mining BTC, Zcash and Monero price. also, the extrabit token expects to be listed in at least 2 major exchanges as early as the first day after the ICO periods ends, the best reason to buy it to receive ROI.
THE ICO (INITIAL COIN OFFERING) DETAILS
Extrabit EXB Token
EXB tokens offers the easiest and less risky investment in the Blockchain technology. The Smart Contract provides a percentage of185 Quarterly and ROI does not need a token holder to buy any mining equipment since we (Extrabit) are the only miners on the platform, until the decentralized mining platform is developed. EXB tokens transact on the same network that your Ethereum wallet uses and fully follows all ERC20 token standards; EXB tokens can be sent, received, checked of its total supply, and tested for the amount that is available on an individual address.
Countdown To ICO
At midnight on launch day, every smart contract will be set to self-execute themselves to the agreed terms in which the stored Ethereum will be deposited into the EXTRABIT teams Ethereum wallet. From there the group will distribute funds as said proportionately into mining hardware upgrades, building maintenance, public services, and political leverage to ensure the continued growth of profits for our investors, and give long-term security for all Cryptocurrencies and Blockchain Technology.
The Extrabit group is among the latest entrants into the field of competitive cryptocurrency mining which has been able to confer significant growth to their mining infrastructure. The company off recent has been able to get a major contract from the local supplier. Decentralized mining is the gateway to the integrals of the Blockchain technology. Decentralization of cryptocurrency mining ensures that the web can gain its insight into a new dimension of functionality, a new layer of online transactions which are created on a network which is decentralized. The venture of EXTRABIT compiled with the provision of free electricity for the years to come by the Middle Eastern local supplier is a very lucrative choice for the investors and Blockchain enthusiasts and banking in on this kind of opportunity would allow people to reap in significant benefits within the years to come.
FOR MORE DETAILED INFORMATION ABOUT EXTRABIT, PLEASE VISIT THE FOLLOWING;
WEBSITE: https://extrabit.io/ ANN THREAD: https://bitcointalk.org/index.php?topic=3316527
MY BITCOIN TALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1759573
MY ETH ADDRESS: 0x997098D0Ff8d0C0124aA0690e1c764B420691301