LBT public blockchain encrypted data network system, referred to as: XBT public chain. It is a "new, global, and full-ecology" public blockchain encrypted data network system.
The XBT public chain is like the mobile version of the Android/Apple system and the computer version of the Windows operating system. The XBT public chain supports various DAPP frameworks, which can meet various business or application needs, such as finance, agriculture, social networking , Education, employment, elderly care, public welfare, medical health, commodity anti-counterfeiting, food safety and many other fields, providing full blockchain technology services for global big data, artificial intelligence, network security, and digital economic development. XBT is a person People can participate in a fair, just and open blockchain technology service system.
The XBT public chain uses the most advanced blockchain 3.0 technology
Bitcoin uses the most advanced Hash algorithm SHA2 at that time, and later Ethereum uses the more secure and reliable high-quality algorithm Keccak, and now LBT uses the NIST-approved (National Institute of Standards and Technology) The latest algorithm SHA3 after adjusting Keccak.

Application value of XBT small bit
XBT small bit is based on mathematics and cryptography, and the encrypted data itself has no value, but unlike Bitcoin, which has no real use, XBT is in the small bit public There are main bridges and security functions in the blockchain encrypted data network system, among which the security function is indispensable, which requires all gateways participating in this protocol to hold XBT.
XBT has been applied to: Sweep Your Blockchain Anti-Counterfeiting Platform, Pingpeng APP (Big Data AI Smart Blockchain Social Platform) Ai Chain, Shizhen Nourishing APP, Zhunzang APP, Cook Blockchain Ecology Platform, ABCKIDS, Centennial Will, Magic Pen Maliang Intellectual Property Platform, Huiziyang Tourism Project and Pujiang County Smart Agriculture Project, etc.
XBT can freely access any project of any government, enterprise, or individual that requires blockchain technology to serve, ranging from large platforms to small online stores.
The total amount of XBT is fixed. The operation of these applications requires the use of XBT as fuel, and they are continuously consuming XBT (permanent destruction), and daily output transactions will destroy XBT, which means the number of XBT in circulation will continue to decrease.
When the XBT protocol becomes the mainstream payment protocol in the world, gateways will have a wider demand for XBT. The demand is strong but the number of circulation is decreasing, which will lead to a faster appreciation of XBT.

The working principle of the XBT public chain system
Using the gateway or XBT as a bridge, user A converts any type of encrypted data or virtual encrypted data into XBT, and then sends it to user B in any other region. User B can exchange the received encrypted data into any encrypted data currency he needs; there is another mode, user A will store the encrypted data in the gateway trusted by B, and transfer it to B through the gateway. The XBT system also allows users to issue "private encrypted data" within the system. If a certain XBT user A has a good reputation, A can exchange the "private encrypted data" issued by himself with another user who trusts him (user A) and is willing to accept (user B) into dollars or bitcoins, etc. Currency; User B can redeem the encrypted data exchanged to A as needed. This is actually a lending process, and user A has the financing power to borrow from others.
As far as the overall structure of the XBT system is concerned, the system adopts a "decentralized" architecture. In a nutshell, this is a decentralized Internet encrypted data exchange and transaction system covering all encrypted data currencies.
The XBT protocol maintains a public distributed ledger for the entire network. The protocol has a "consensus mechanism" and a "verification mechanism". Through these two mechanisms, transaction records are added to the general ledger in a timely manner. The XBT small bit system will generate a new ledger instance every few seconds, and the new transaction records generated within these few seconds will be quickly verified according to the consensus and verification mechanism. Such sub-ledgers are arranged in chronological order and linked to form the general ledger of the LBT system. LBT's "consensus mechanism" allows all nodes in the system to automatically receive updates to the transaction records of the general ledger within a few seconds. This process does not need to go through the central data processing center. This extremely fast processing method is a major breakthrough in the Lbit system.
Compared with Bitcoin's data record packaging method and transaction confirmation method, the LBT system has two differences: First, the packaging speed of transaction records (blocks) is faster (about ten minutes for Bitcoin, and only 10 minutes for LBT system). Second, the confirmation method of transaction records (blocks) is faster (Bitcoin requires multiple nodes to confirm one by one, while LBT is confirmed by all nodes at the same time, which is the "consensus mechanism" of LBT). Therefore, the confirmation time of the new transaction record of the LBT system only takes 3 to 5 seconds, while Bitcoin generally takes 40 to 50 minutes.