Whitepaper

Bitcoin Incognito (XBI) is a cryptocurrency that takes Satoshi Nakamoto’s original vision for Bitcoin and adds to the concept in a way that makes it both more environmentally conscious and private for its users. Bitcoin Incognito being Proof-of-Stake with Masternodes means that users are able to mint coins without using any more energy than a personal computer. Masternodes also make for fast, secure transactions and are inherently resistant to 51% attacks. Bitcoin incognito uses zerocoin protocol to ensure that users will not be subjected to privacy invading analytics.

XBI COIN

Fair Launch

Bitcoin Incognito was distributed through a 1:1 XBI:BTC Airdrop on all exchanges who listed us followed by a Proof-of-Work phase for the first 5000 blocks.

Energy Saving

XBI uses a consensus mechanism to ensure the integrity of its BlockChain, instead of using an expensive proof of work algorithm to distribute the block reward to miners based on a winner per block, it uses Proof of Stake to reward the community for both staking coins and running Masternodes.

SwiftTX

Instant Transactions: SwiftTX transactions are confirmed and spendable within seconds, guaranteed by the network of masternodes, with no need to wait for multiple confirmations in order to be confident in the validity of the transaction.

Zerocoin

Zerocoin provides full privacy to the users of XBI. The implementation of the Zerocoin protocol converts publicly viewable XBI into anonymous zXBI. When a user wishes to spend zXBI, the XBI appear in the receivers wallet as regular XBI without history of where that XBI originated from providing real time incognito transactions.

Masternodes

Receive XBI rewards based on their availability and their ability to offer network services in a decentralized and trustless manner.

Open Source

Bitcoin Incognito's entire codebase is publicly available for viewing and verification by anyone. It will always remain open source and be maintained by an ever growing community.

Community Driven

In the nature of transparency and open source, Bitcoin Incognito is developed for the community and by the community.

Low Fees

Extremely low fees, with an average transaction fee of less than a few cents.
Coin Specifications
Algorithm XEVAN
Mining Proof-of-Stake
Block time 1 Minute
Transactions 75tx/s
Total Supply 21,000,000 XBI
Premine 2,100,000 XBI
MN Collateral 3,000 XBI

 

Block Rewards
Blocks 0-200 Premine 2,100,000 (10%)
Blocks 201-5000 1 XBI (POW)
Blocks 5001-25,000 30 XBI 75% MN 25% STAKE (POS/MN ACTIVATES)-> 22.5/ 7.5
Blocks 25,001-100,000 20 XBI 80% MN 20% STAKE -> 16/ 4
Blocks 100,001-139,760 20 XBI 85% MN 15% STAKE -> 17/ 3
Blocks 139,761-1,009,760* 10 XBI 85% MN 15% STAKE -> 8.5/ 1.5
Blocks 1,009,761-2,077,880 5 XBI 85% MN 15% STAKE -> 4.25/ 0.75
Blocks 2,1077,881-3,057,580 2 XBI 85% MN 15% STAKE -> 1.7/ 0.3

* Due to the fork, the Block Rewards from this point may be subject to change.

Coin Specifications Comparison


Wallets

* More wallets available soon

Exchanges

ROADMAP

Q1 2018

  • Project inception and core team formation
  • Begin recruiting additional core team members from proof-of-stake and masternode communities

Q3 2018

  • New Website launch
  • New wallet  release
  • Whitepaper Release
  • Additional Exchange Listings
  • Ringsignatures
  • Governance testing begins

Q1-2019

IOS/ Android wallet Release
Webwallet

Q2 2018

  • Official website launch
  • Bitcoin Incognito main network launch
  • Block explorer Launch
  • Windows, Mac, Linux
  • Airdrop launch Initial exchange listings
  • Listing on masternode sites
  • IMP Introduction
  • Community bounty program launch

Q4 2018

  • Governance Implementation on Main Net
  • Release of a XBI Powered Digital Asset Exchange

ROADMAP

Q1 2018

  • Project inception and core team formation
  • Begin recruiting additional core team members from proof-of-stake and masternode communities

Q2 2018

  • Official website launch
  • Bitcoin Incognito main network launch
  • Block explorer Launch
  • Windows, Mac, Linux
  • Airdrop launch Initial exchange listings
  • Listing on masternode sites
  • IMP Introduction
  • Community bounty program launch

Q3 2018

  • New Website launch
  • New wallet  release
  • Whitepaper Release
  • Additional Exchange Listings
  • Ringsignatures
  • Governance testing begins

Q4 2018

  • Re-introduction IMP
  • Governance Implementation on Main Net
  • Release of a XBI Powered Digital Asset Exchange

Q1-2019

  • IOS/ Android Wallet Release
  • Webwallet

Masternode requirements

If you would like to run a Bitcoin Incognito masternode then you will need to do the following:

  • Acquire at least 3,000 XBI (to do so, check the exchanges)
  • Access to a VPS or PC that will run constantly 24/7 (as descriped in our guide)
  • Complete one of the following configuration guides

 

MASTERNODES

Owning and running a Bitcoin Incognito Masternode is a way that you can support the XBI network through mining.
Masternodes are commonly Virtual Private Servers (VPS) that store a copy of the Bitcoin Incognito blockchain. They support the network’s decentralised nature and help to confirm transactions quickly.
As a result, masternodes receive rewards in the form of XBI for playing their part in supporting the network.

The XBI team is planning to launch a one-click masternode setup. Details will be announced soon!

MASTERNODES

Owning and running a Bitcoin Incognito Masternode is a way that you can support the XBI network through mining.
Masternodes are commonly Virtual Private Servers (VPS) that store a copy of the Bitcoin Incognito blockchain. They support the network’s decentralised nature and help to confirm transactions quickly.
As a result, masternodes receive rewards in the form of XBI for playing their part in supporting the network.

The XBI team is planning to launch a one-click masternode setup. Details will be announced soon!

Masternode requirements

If you would like to run a Bitcoin Incognito masternode then you will need to do the following:

  • Acquire at least 3,000 XBI (to do so, check the exchanges)
  • Access to a VPS or PC that will run constantly 24/7 (as descriped in our guide)
  • Complete one of the following configuration guides

 

Staking

In the Bitcoin Incognito network, staking coins and running a masternode are closely related. Staking differs subtly from masternode rewards, in that, a person can mine or validate block transactions according to how many coins one owns/holds in their wallet. This means that the more XBI coins owned, the more mining power a person has.

Staking

In the Bitcoin Incognito network, staking coins and running a masternode are closely related. Staking differs subtly from masternode rewards, in that, a person can mine or validate block transactions according to how many coins one owns/holds in their wallet. This means that the more XBI coins owned, the more mining power a person has.

TEAM

Freight

Incognito Managing Partner

IT Engineer, Crypto Investor, part of the original Incognito Task Force

Sys

Incognito Managing Partner

Senior IT Business professional for a company that runs security to large scale corporations in a multi-billion dollar industry, founder of the original Incognito Task Force

Miezzz

Incognito Task Force Lead

Businessman and investor with a strong passion and belief in crypto currency

Galimba

Sr. XBI Developer

Computer Scientist, pen-tester, sysadmin, crypto geek with a passion for tidy code

Osoese

Sr. XBI Developer

Software Developer, Blockchain Engineer, Crypto Enthusiast, Having fun

Atomic Orchard

Incognito Task Force, Head of Sales and Technical Marketing Partner

Senior advisor Sales and Marketing that has a strong passion for crypto currency

Alex

Incognito Task Force and Web Designer

Creative Web Designer, PHP Developer and Cryptocurrency investor

Mathias

Incognito Task Force

Cryptocurrency Miner, Mining Pool Owner, Community Manager

Bit Yoda

Incognito Script Master

Blockchain developer, script and coder, with a background in network security

Caribro

Freelance Artist and Writer

Cryptocurrency Junkie with an MBA

FAQ

Q: Why is the Wallet using so much CPU Power?

A: Memory leaked from staking when the block update changes were made to the wallet
Developer found the source of the issue and came up with a fix. Issue was fixed with walletupdate.

Q: How do I stake?

A: Please look in your wallet, and check if staking-arrow (lower right corner) is green. If not, then go to “/User/Appdata/XBI/xbi.conf” file and open it. It will probably be empty. Type : staking=1 and save the configuration file. Close wallet and reopen it again. Wait for it to be fully synched. Within approx. 1 minute the arrow will turn from grey to green.
Congratulate yourself and celebrate this event preferably with a beer or a wine (if 21+). You are staking so let the coins come to the master!

Q: How do I setup a masternode?

A: Follow the official guides. You can find them over our XBI discord group (under guides) or check below official guides. Use the following commands after setting up Ubuntu 16.04 VPS

1. wget -N https://cdn.discordapp.com/attachments/449047287197597716/467491664324329502/xbi_install.sh
2. bash xbi_install.sh
3. ENTER at masternode genkey

Check sync status by command xbi-cli getinfo
Sometimes syncing stucks around 6k blocks then use commands:
systemctl stop XBI.service
then
xbid -reindex

4. Sent exactly 3,000 xbi coins to an adress

5. Close and open wallet

6. Get your masternode outputs over the debug

7. After that set up masternode.conf in local wallet and close and open wallet

8. start masternode by command in debug ‘ startmasternode alias 0 MN1 ‘
0 = zero
MN1= is your actual masternode alias

Q: I am staking (the arrow down below at the right= green) . How long does it take before I get my staking-rewards?

A: This depends on how many coins you are staking and there is also a luckfactor involved. You can adjust your staking under coincontrol (send-tab in wallet) and under changing splitttreshold (see wallet under Tools- debug console, and type: ‘ help’)

Q: I set up my masternode. How long does it take before I get my first rewards?

A: You will recieve MN-rewards after approx. 26-32 hours after a successful setup. A successful setup can be checked over your SSH connection to VPS (for example Bitvise or Putty. Just type : xbi -cli getmasternodestatus. If you get a “status 4” your masternode was installed correctly.
Congratulate yourself and celebrate this event preferably with a beer or a wine (if 21+). You will get your XBI Masternode rewards within the next 32 hours- so let the coins come to the master!

Q: How do I fix a Masternode that has stopped synching?

1. Login into the MN using Bitvise or your preferred SSH tool/terminal and type the following:
systemctl stop XBI.service

2. Then at the command line type:
xbid -reindex

3. Wait 15 minutes, if the reindex doesn’t report that it is finished, break out of it using:
Ctrl – C

(At this stage it may also help to add some MN addresses to the xbi.conf file on the MN)

4. To restart the XBI service type:
systemctl start XBI.service

Resources
Social Media