Welcome to Blockchain - based

Fexbook (File Exchange Book) Network

This Pilot Demo instance allows Members to become familiar with Network and Blockchain capabilities at an early stage and benefit from all Network potential as we progress towards our production version.

Fexbook's deep Network architecture and implementation has raised the bar of FinTech and Cryptography standards to the highest level. Its Global Exchange Blockchain (GBX), incorporates a wide range of critical capabilities and modules, such as:

1. Decentralised Big Data storage, management and recordkeeping brings clear benefits to Members by protecting distributed records from getting hacked or lost. "Proof of Resources" Token - based crypto units are used for storage space payments
2. Transparency accomplished with Blockchain - based timestamping of a date, location, event or product number enabling “Governance” to elections or any other kind of poll, genuineness of supply and chain auditing, protection of intellectual properties, IoT (Internet of Things) by Network facilitating an exchange of data between objects and mechanisms
3. Creating of distributed ledger - based Tokens with or without "Proof of Work" mining in minutes, including variable levels of difficulty
4. Facilitating the shared economy by enabling peer - to - peer payments and prebuilt coin exchangeability that removes intermediaries, such as clearing houses, auditors and custodians from the process
5. Potentially creating crowd - sourced venture capital funding for the shared economy
6. Enhanced methods of Secured Identity Management along with the ability to digitise personal documents in the shared economy
7. Prebuilt AML (Anti Money Laundering) and KYC (Know Your Customer) mechanisms to increase regulatory compliance and reduce costs

Introduction to Global Exchange Blockchain (GBX)

The catalyst in developing Global Exchange Blockchain was dedicated to eliminating the predominant weaknesses of the existing Blockchains, including Bitcoin, Ethereum and Ripple. In establishing industry standards with the deep multi - layer architectural infrastructure combining:

A. THE BEST functionality of:

Bitcoin (allowing “Proof of Work” Coin mining), Ethereum (allowing issuing “New Tokens” using Smart Contracts programming capabilities) and Ripple (facilitating “cross - border” transactions), but also adding

B. VALUBLE LAYERS OF DEPTH, allowing:

1. Blockchain based BIG DATA STORAGE capabilities
2. “Proof of Resources” Token mining allocation for supporting Big Data Storage - related transactions
3. Unlike Ethereum Blockchain using Smart Contract programming language, the issuance of “New Tokens” in GBX Blockchain (with or without “Proof of Work”) based mining can be done on the fly in seconds by using simple “Settings”, not requiring any software programming or expertise
4. Unlike Ripple positioning its Blockchain, as “Trust - based” network for “cross - border” payment transactions, GBX Blockchain can serve not just this purpose, but can be used by any governments, agencies, authorities, associations, different industry leaders, banks, non - bank financial institutions and organizations that are “Core Members” of the Global Exchange Blockchain Network”
5. Unlike the Bitcoin and Ethereum, Blockchain Networks that constantly slow down due to Mining, GBX’s specific additional “Mining Layer” (as a separate process of a Blockchain) enables the Mining process without slowing down the entire Blockchain Network
6. In - house built BIX (Blockchain Information eXchange) protocol insures the efficiency, reliability and the speed of the transactions performed via the Blockchain. BIX is FIX (Financial Information eXchange) - type standard

Existing capabilities

Separate from Consensus, the Mining Layer insures the highest transactional speed. Network Members can upload and exchange their records stored in blocks. Members can establish their own Tokens with or without Proof of Work mining in seconds by setting up the desired Token name, authorised amount of units, automatic or manual KYC and AML approval and level of difficulties for Mining

Current development

Launching fully operational Fexbook Blockchain Pilot Demo instance. Designing and implementing advanced GUI (Graphical User Interface) for the Web Wallet. Blockchain Explorer and other operational pages. Prebuilt peer - to - peer decentralized coin exchange capabilities will allow Network Members to exchange cryptounits between themselves. Ongoing Quality Assurance testing and adjusting

Future implementation

Developing the encrypted layer of the storage space, allowing Network Members to upload, store and retrieve their private information. Implementing additional layers of security before launching "Production" version of the Network instance. Additional reporting system allowing ”Token” owners to manage their back offices at the highest professional level, minimizing their operational risk

Basic Blockchain Specification Comparison

BLOCKCHAIN SPECIFICATION Gbxcoin Bitcoin Ethereum Ripple ALT
1. Core programming language C C++ C++, Golang, Python and Solidity C++ Java, Python, Ruby
2. Publicly available Big Data Storage YES N/A N/A N/A N/A
3. Privately available Big Data Storage YES N/A N/A N/A N/A
4. Uploading File Size Currently allows uploading & storing up to 10MB at time 1MB/block Not cost - effective Not cost - effective N/A N/A
5. Public Blockchain YES with customized Consensus YES YES N/A YES
6. Permissioned Blockchain YES N/A N/A YES N/A
7. API BIX (FIX type) API core engine JSON RPC RESTful HTTP Javascript; JSON RPC, GET/POST Javascript RESTful
8. Transactional flow rate limit Up to 1000 transactions per second 300 requests/ per minute Rate limit of 5 requests/sec (exceed and you will be blocked) 60 requests per minute per IP address 6000 requests per hour per IP for the historical paths
9. Capability of issuing New Tokens On the fly, no programming experience required N/A Smart contract programming language knowledge required N/A N/A
10. Types of Tokens with or without mining 1. Proof of Resources; 2. Proof of Work; 3. New Tokens w/o Mining; 4. New Coins with Proof of Work Mining Proof of work 1. Proof of work; 2. New Tokens w/o Mining N/A Proof of Work
11. Potential of using Blockchain by: Governments, agencies, authorities, industries, banks, non - bank financial institutions YES N/A N/A banks only for cross - border payment transactions N/A
12. Separate from Consensus Mining Layer that does not slow down the network YES N/A N/A N/A N/A
13. Pre - built AML & KYC management for main Blockchain & New Tokens YES N/A N/A N/A N/A
14. Peer - to - peer decentralized coin exchange capabilities YES N/A N/A N/A N/A

The Core and operational WEB based Interfaces

Blockchain Core components including “Consensus”, “Mining” and Back office (reporting, KYC and AML) layers, same as pre - built BIX API Engine and Web Server, similar to UNIX, Linux, Windows, Apple operating system cores are written in a machine low - level "c" program language. Its Uniquely Deep and Fast infrastructure including FIX (Financial Information eXchange) like, in - house developed BIX (Blockchain Information eXchange) API engine sets the Bar for finance, cryptography and every other industry at the Standartized Level. Mobile - friendly browser - based web GUIs (Graphical User Interfaces) simplify all operational activities for Blockchain Members.

Open Source

We are looking forward to joining and publishing the entire Blockchain source code on GitHub right when launching the Production Instance of GBX Blockchain. We welcome Members' participation in testing our Pilot Demo instance of the Network and value iterative feedback as we prepare the Production Version. The most active Members will be rewarded for their suggestions and recommendations.

Solutions

Dear Members, Blockchain and Cryptocurrency professionals, Enthusiasts and developers, this Blockchain - based Network represented by its Pilot Demo instance is to demonstrate how this Blockchain solution can possibly improve transparency, reliability, scalability, availability and security not just in varies administrative, industrial and business areas, but also directly in multiple areas of human live.

There is no playing it safe when it comes to investing in altcoins. This incredibly volatile industry undergoes extreme levels instability almost on a daily basis. One's portfolio can literally double overnight or suffer drawdowns on a regular basis.

Fexbook’s innovative Network offers complete flexible, powerful and complete Blockchain - based solutions as never before. Fexbook’s Blockchain - based Network is a "potentially powerful" cost – effective solution to address multiple issues, potentially raising the bar to the highest level of FinTech and Cryptography standards. Fexbook provides all - in - one customized Blockchain B2B turn - key solutions to governments, regulatory authorities, agencies, associations, various industry leaders, banking and non - banking financial institutions, universities, colleges and schools, startups and developers.

Basic GBX Blockchain Network Parameters

Software Core Server Node, written in “c”, procedural level programming language suitable for system programming like operating system, is running on “permitted and trusted” Level0 Core Layer serving the Consensus of GBX Blockchain. This Core Server Node executable file size after compilation is currently less than 1MB.

Consensus of Core Servers algorithm is used for obtaning a Consensus between Core Server Nodes and is designed in a way that allows maximum data flow. The protocol of achieving Consensus is built to minimize the amount of the data exchanged between Core Server Nodes. The advantage of Layer0 - based Blockchain database results is the overall difficulty to falsify the information stored inside. Ones the information is stored on the Blockchain, it is practically impossible to remove or alter it. Blockchain Blocks, containing records (messages and files issued by Level0 Core Server Nodes) utilize “Proof of Resources” - based Consensus Algorithm.

The speed parameter of issuing and confirming Blocks is customizable and considering the global Internet connectivity latency, it should be in the range of 3 - 5 seconds/per Block (comparing to 10 minutes per block in the Bitcoin Blockchain). Even after doubling this time to 10 seconds, it’s still very efficient to human user to wait in front of the computer, ATM machine or mobile device for the confirmation that his transaction is processed (i.e. stored into the Blockchain). Speed limitation is mainly limited by the speed of network connections.

A Single Block Container may contain thousands of files and other records. The size of each message issued, transmitted, confirmed and stored on the Blockchain database during the Stress Test was limited by 10MB. In a usual case under the normal circumstances such as Crypto Coin wallet - to - wallet transaction, one message will have an approximate size of 1KB and 1 block will contain as many messages as may have been collected within every 10 seconds, up to a maximum of 50,000 messages/per 10 seconds.

Block size is currently restricted to 50MB, so in the worst - case scenario one single Block will consist of 5 (five) messages in an average size of 10MB each. Blockchain API (Application Program Interface) software engine is pre - built into the Layer0 Core Server Nodes for serving API connectivity to the Blockchain Network. It uses the in - house developed BIX (Blockchain Information eXchange) Protocol, which is freely based on FIX (Financial Information eXchange) protocol standards.

AML and KYC basic requirements, such as photo identification (ID) and Proof of Address, is required for all Blockchain Network Members. All Member data related to Anti Money Laundering (AML) and Know Your Customer (KYC) requirments information are safely stored on the Blockchain. Entities issuing New Tokens establish their own Token parameters and can establish management capabilities including KYC and AML, based on automatic or manual approval or rejection modes

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