I may fo misspoke about it being based on Bitcoin as I got that I think from a forum poster. But I do know it's like XBY in that's it's not POS or POW but uses Byzantium fault intolerance which has been criticized by many even Vitalik and apparently needs 30% of nodes to be non malicious. Now if you look at the claims of XBY you will know we don't use POS or POW but a new innovative and unique way to secure the blockchain which is susposedly to be fine even if only one node is deemed safe.


And btw XBY is not just a currency just like ETH and Antshares it's a platform for smart contracts.