Bata Cryptocurrency

We want to get feedback from the community, early and often. We put the vision, whitepapers and roadmap out to the world now, because we need the best developers in the world to come help build the best commerce system in the world, built on blockchain technology with Bitcoin at the base of it all. Bata (Cryptocurrency / Digital Currency Trading Symbol: BTA) is a cryptocurrency that has been developed to replace trade dollars in traditional Barter Systems. As the "Sharing Economy" grows, so does the decentralized market. Bata aims to change way the way we trade, by introducing Barter on the Blockchain. Barter currency has been re-invented on a blockchain, decentralized, secure and widely available in the form of BTA, replacing a Trade Dollar. Trade Dollars are just like cash and for that matter are based on regular currency, but in current Barter Systems they are controlled and issued by a central party. Bata aims to change way the way we trade, by introducing Barter on the Blockchain. Looking deeper into barter deals there is huge difference between direct barter and exchange barter. In return barter, you may use your capacity, inventory or excess time to trade for goods and services you need. For such deals, you don’t need money as long as you are part of a barter group with other businesses. Bartering helps you exchange goods or services at once, without money. It has no limits and can be done both on a very small-scale and on an exceedingly larger-scale.

The arrangements are under the control of member-only associations, with credit units the channel of exchange, (other terms like trade exchange, barter exchange and countertrade exchange). To explain the channel of exchange, different terms like credits, units, barter dollars or trade dollars are being used. As the medium of exchange, the term which is mostly used is trade dollar. Each business earns trade dollars which can be employed for the exchange of the things you want. Direct barter means to swap the service or product for the service of your seller. Bata transformed from a Proof of Work Scrypt based cryptocurrency to a multi-algo POW (6 Algos) & introduced Masternodes. BTA’s growth has been organic, much like Bitcoin, with no funding or premine and established late April of 2015.