XT, or Extent, refers to a measure of blockchain data used in various cryptocurrency protocols. It indicates the size and scope of the overall data that is stored within a blockchain, including transaction records, smart contracts, and other critical information.The concept of XT is essential for understanding how data is organized and can impact the efficiency and scalability of a blockchain network. A larger extent may lead to increased storage and processing requirements, potentially affecting transaction speeds and fees.Furthermore, as blockchains grow, managing XT becomes increasingly important for developers and users alike. Efficient handling of extent can lead to better performance, enabling networks to accommodate more transactions and users without experiencing bottleneck issues.In summary, XT plays a crucial role in determining how effectively a blockchain can function and scale, highlighting the balance between data storage and operational efficiency.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes