We plan on implementing our contracts into hardware. Because of time locks, it will be possible to perform Atomic trades allowing for decentralized exchange.īitbay smart contracts are also designed to support the internet of things. This is all possible because of time locks that allow us to park coins.īitBay supports Stealth technology. This will greatly reward investors who get in on the ground floor, and it will eliminate volatility using a similar system to NuBits. After the debut of the markets, we will fork the coin into a hedging coin. BitBay is positioned to replace current online auction websites once the world recognizes the true utility of basing trust on Satoshi’s blockchain tech. The Bitbay blockchain is impossible to bloat and can scale to meet the needs of international markets.įurthermore, we use our contact list from Alibaba to help populate all the decentralized markets.
Combining the use of proof of burn, white-lists and Bitmessage Channels, these markets will have no central point of failure. The technology that we will use in BitBay is based on BlackHalos market engine that leverages ‘Bitmessage’. Since we see the amazing value in being part of the worlds first decentralized markets with Halo technology and decentralized Bitmessage markets we are honored to be working with them. We are supporting Halo technology by licensing their software.
The economy of BitBay hinges on decentralized markets.
This means, the price gets locked in after the project proves its developement schedule.
BITMESSAGE CHANNEL LIST FULL
Contracts can be made completely unbreakable, financial derivatives will never go unpaid, and BitBay will be the first coin to convert to a full hedging coin. For example, accounts can be created with two keys that can later convert to three keys. With the implementation of multiple smart contract methods - such as unbreakable double deposit, Halo contracts, and special time locked contracts with the new CheckLockTimeVerify function, this project can allow all kinds of innovative financial instruments. “The goal of ‘BitBay’ is to create the entire economy within the crypto space.
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