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Description

Description


TrustPlus XTP is a blockchain designed to provide secure transactions and private communications between two parties. XTP blockchain uses a new version of X16 called Shuffle. The unique feature to Shuffle is its ability to reorder the sixteen algorithms based upon the previous block. This shuffle makes it more difficult to produce an ASIC hash.

TRUST was launched on July 4, 2014. TrustPlus team rescued VOOT and used the funding to make TRUST. 

The launch was X11 2021 Difficulty. Initial miners were rewarded small but PoS started after seven days. The initial miners created many minters reducing the amount of large reward blocks.

In January 1st, 2019 TrustPlus team changed the ticker to XTP.

Full Name TrustPlus (XTP)
Start Date N/A
Algorithm X16S
Proof Type PoW/P
Website http://trustplus.co/
Twitter @TrustPlus
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
Technology

Technology


Masternodes

Masternodes are nodes with locked collateral for their services on the blockchain to earn block rewards.

Services Provided

Proof-of-Service defines Masternodes. Masternodes have services to the blockchain InstaSend and Private Send. Instasend works perfectly for sending XTP immediately. Private send allows sending with the highest amount of privacy.

Collateral

An XTP masternode requires a transaction of 100,000 to a wallet address. This amount serves two purposes. The amount “locked” in a masternode reduces the total amounts of coins for sale, increasing scarcity. This collateral also creates a barrier to entry for cheap block rewards.

Reward process

Before a found block, the masternodes select a winner for each block number. The Proof-of-Stake miners download the winner's list. If Miner solves the next block, they report the next block, their address, and the winning masternode address. Upon a couple of confirmations, the block is broadcasted to all nodes. XTP does not collect a budget nor does it use SuperBlocks to settle rewards.

Halving Schedule

Halving Occurs every 500,000 Blocks First Round - no halving

 60 seconds x 60 minutes x 24 hours
———————————————————   = 19,200 coins made a
              45 second target

1st round Halving - Approximately August 15th 2019
    9,600 coins made a day until halving
2nd round Halving - Approximately May 1st 2020
    4,800 coins made a day until halving
3rd round Halving - Approximately February 15th 2021
    2,400 coins made a day until halving
4th round Halving - Approximately November 1st 2021
    1,200 coins made a day until halving
5rd round Halving - Approximately July 15th 2022
       600 coins made a day until halving

Participation

Helping the XTP project is rewarding, and each person can help in their way. TrustPlus team have wallets for every type of computer. The Bitcoin project had a core value of making everything open source.

GITHUB

TrustPlus coin is coded using C++ and hosted on GitHub. GitHub is an excellent service that provides communication and development support. TrustPlus team does compile multiple types of programs for each operating system. For the advanced user, GIT allows XTP code to be downloaded and compiled to anything they choose.

Wallet

After you download and install XTP, your next step is to join the community. TrustPlus team Discord channel contains hundreds of people willing to help 24/7. Introducing yourself and sharing your experiences creates more value to the coin than Bitcoin.

Mining

Mining can be difficult. TrustPlus team would suggest joining a pool in the very beginning. Practicing using your primary desktop, master making scripts, and settings. Once you are ready to make a financial commitment, look into GPU mining and Masternodes. XTP does not receive any of your money when you mine coins. You are competing with everyone else for the daily rewards for processing blocks. Renting Hash is the most economical, but still yields a meager profit. Masternodes have more potential for future value and Return on Investment (of electricity) than any mining.

Masternodes

Masternodes takes effort in collecting XTP coins. You could spend electricity to compete for daily rewards. As competition grows, the time it takes to earn a masternode will increase. There are also exchanges that accept BTC for XTP as a trade. Exchanges are susceptible to theft, so be careful and do not leave coins on an exchange.
Once you have accumulated 100,000 XTP, start a masternode. You can then compete for 50% block rewards. You can have more than one Masternode per computer.

No Marketing

TrustPlus coin has survived five years because we do not spend money on advertising. It creates a false sense of projects health and creates a FIAT dependency. Buying an asset over marketing strategy works in crypto.

Technical Data


Official Development website:
https://github.com/TrustPlus/TrustPlusXTP
Current Version is 1.0.2
XTP is Forked from RESQ
Algorithm is X16S
Block Time is targeted for 45 seconds Retargeting is every 3 blocks
First Block was used to satisfy the swap from TRUST to XTP - 35,000,000
Block 1-9600 had minimum rewards for testing: 0.1 XTP and 1% to MasterNodes
X16S PoW miners at block 9601 were awarded 10 XTP 50% of the XTP to the Masternode Winner.
Any fees collected are added to the block.
Rewards are halving every 500,000th block
Maximum coins 55,000,000 Premine Swap 35,000,000
Coins Claimed Approximately 25,000,000
Lost or Burned Estimated 10,000,000
In Market 5,787,792 as of 2/7/19
RPCport: 37001
Port: 37002

Features

Features


Algorithm

XTP blockchain uses a new version of X16 called Shuffle. The unique feature to Shuffle is its ability to reorder the sixteen algorithms based upon the previous block. This shuffle makes it more difficult
to produce an ASIC hash. Miners using when using a Pool.

Masternodes

Another feature of
bonded validator system. They audit PoW rewards and offer the potential to run an exchange or marketplace. XTP uses Masternodes to enforce sporks or options to the code.

Halving

The coin will not always produce 19200 coins a day forever. There is a variable in the code to reduce rewards or subsidies by half every 500,000 blocks or 8 -1/2 Months. As adoption grows, the coins will become more scarce, rewarding initial miners of XTP.

Whitelabel

XTP is designed to be white-labeled or forked. We plan on modifying the branding to serve company brands. TrustPlus team forked Resq Core because it is a customizable, reliable chain. TrustPlus graphic designers will make logos, and our programmers will change the executables. A practical solution to acquire the services of a blockchain is White Labeling XTP. You get all the benefits of a secure blockchain supported by professionals and its services while using your Name Brand. TrustPlus team would be happy to make our wallet branded to your company.

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