I can not understand one nuance. If this coin is not mined, how will the transaction be confirmed? After all, without this, you can not transfer a coin from one purse to another purse
That's what will differentiate XBY from other currencies. XBY will be implementing a technology the developer is working on called PoSign.
I got it. But I wonder how this technology will work? Participants will write messages and thereby confirm transactions? It is very interesting
I join the issue, I would also like to know more about this. Or just show where you can read about it to understand the principles of this technology
* from first post
"PoSign comprises a radically different approach. Transactions are verified by a network of what are called STATIC nodesimportantly, each of these nodes must sign off on a transaction before the associated block can be appended to the chain. Should a malicious node repeatedly attempt to compromise the chain, it will be blacklisted automatically.
STATIC nodes are the backbone of the XTRABYTES network. The word STATIC is derived from the words; Services Transactions and Trusted in Control, which is all of what defines our STATIC nodes in the simplest way."
--- you can also simply read published white pages