Blockchain is a technology that works like a ledger to record, certify and guarantee the integrity and availability of an asset. First, a user or a node will initiate a transaction by signing it with its private key. The private key will generate a unique digital signature and ensure that no one can alter it.
Bitxor Blockchain is a decentralized system that allows the transfer of digital data in a secure and encrypted way with sophisticated technology. It is also the official virtual meeting platform for the community of bitxornauts, where they can participate in various topics related to the development of the Bitxor Ecosystem.
In addition, 2% of each mined block goes to a reserve fund hosted in public wallets and under multiple signatures within the Bitxor Blockchain. This growing fund is intended to help the Bitxor Ecosystem as a backup and future financial support.
The Bitxor blockchain technology is flexible and is based on the idea of using the proven features of the blockchain through API calls to transfer and store value, authorization, traceability and identification. The rest of the code will remain off-chain, which reduces the inherent immutability risk. In addition, Bitxor.org is complemented by two fundamental tools that interconnect the entire CosmoSystem, enabling constant, simple and seamless communication to monitor and validate any aspect of your transactions and activities within the Bitxor blockchain.
The Bitxor protocol offers a software development kit (SDK) to create components. The Bitxor SDK is a primary tool for software developers to create tools, libraries or applications with Bitxor. This SDK allows developers to focus on their product rather than on the specific details of the API due to its higher abstraction. Flexibly for application development, instead of loading all application logic onto the blockchain, developers can use Bitxor’s proven functions via API calls for value transfer and storage, authorization, traceability and identification, allowing them to focus on developing the rest of their application code off-chain.
Bitxor is a financial structure that uses blockchain technology as a key component. It aims to provide various liquidity alternatives to reduce high banking and intermediation costs for the end consumer, based on the Tron Smart protocol. The BitxorCore executable can be used to run different types of nodes or to launch new networks, allowing developers to deploy test network nodes and experiment with the set of transactions offered on an active network without loss of valuable assets. In addition, the Bitxor protocol offers the ability to store properties in a structure and create a new file in the catbuffer/schemas folder, allowing programmers to write their own custom transaction body with ease.
*General summary created from https://chat.openai.com/ and there may be differences in the specific technical implementation of Bitxor Blockchain. It is recommended to consult the official technical documentation or the Bitxor developer community for more precise and detailed information.