Frequently Asked Questions
This is a group of individual blockchain algorithms, presented in the form of cryptocurrencies (altcoins), created on the basis of Bitcoin.
CryptoBank is not a smart contract written on the ethereum, it is a group of individual blockchain algorithms, each of which is fixed to the world's fiat currencies, such as the US dollar, the Russian ruble, the Chinese yuan and the euro.
Each currency is an independent blockchain (cbd, cbe, cbr, cby), which contains individual rules for issuing coins and mining algorithms, and also built on the original source code bitcoin core with the ability to connect to each of the smart contracts.
CryptoBank is a set of cryptocurrencies, created on the basis of bitcoin and united on one platform, which is controlled by an independent community by voting on the CBMT platform. At the moment, CryptoBank includes four independent of each other Blockchains, each of which is fixed to the world's finest currencies, such as the US dollar, the Russian ruble, the Chinese yuan and the euro.
The CryptoBank currency is an independent blockchain (cbd, cbe, cbr, cby) that contains individual coin release rules and mining algorithms, as well as a bitcoin core built on the original source code, with the ability to connect to each of the smart contracts.
That's why CryptoBank also works as an ordinary bank, but it also keeps all the features of Blockchain technologies, such as decentralized transactions, full transparency, pseudo-anonymity, and only you act as a custodian of your funds, and if the network has already confirmed your transaction, then no one in your right to take your money.
Bitcoin's mining algorithm for CryptoBank has also undergone many modifications in order to achieve many functions and advantages that are not available in other cryptocurrencies and traditional banks.
These modifications include such concepts as "authorized mining"
Authorized mining is the process of checking the miners and allowances for mining only with the permission of the central authority of CryptoBank through independent voting on the CBMT platform.
Such steps are necessary in order to exclude in CryptoBank various methods of attacks on a network known in bitcoin and other altcoins such as "Attack 51%", double waste of coins, network spam by transactions, and other known methods of attacks on decentralized networks.
The new blocks do not contain a reward for the extracted block, so the miners can only count on the funds that will be received from the network customers for including their transactions in the block.
Reserve of coins embedded in the algorithm of CryptoBank:
CBD 1 100 000 000 000
CBE 1 000 000 000 000
CBR 60 000 000 000 000
CBY 8 000 000 000 000
The minimum denomination in all Blockchain CryptoBank: 0.01 (CBD, CBE, CBR, CBY)
The CryptoBank reserve was created in the first block and moved to cold storage.
You can explore the available reserve through the block of the current transactions browser
Coins are put into circulation only in exchange for other crypto-currencies under strict consideration of analysts and financiers of the CryptoBank team and also independent consultants.
If you want to become an independent consultant, please contact us by email: [email protected]
Coins of tickers CryptoBank come into circulation strictly considering the exchange rate, where the diversification of funds will take place.
So, if you want to sell your 1 bitcoin, which, say, is on the exchange
7500 USD | 6440 EUR | 446k RUR | 50k CNY,
you will receive an equal amount in the CryptoBank ticker:
7500 CBD | 6440 CBE | 446k CBR | 50k CBY
At the moment, the exchanger cbex.co.in is working.
Contact our representatives at [email protected]
Blockchain Depoit Algorithm is a computational function that starts automatically on the last day of each month and works according to the following principle.
If the wallet has coins without movement for at least one whole month, then it will receive deductions according to the current algorithm