Algorithm – Scrypt – Proof of Work (POW)
Symbol – BTA
Difficulty – Dark Gravity Wave
Block Time – 90 Seconds
Block Reward – 25
Block Halving – Every 100k Blocks
Premine – Zero
ICO – Zero
Crowdfund – Zero
Total BTA – 5,000,000
Bata is an encrypted digital currency that has optional privacy features. Bata is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Bata is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Bata features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Bata is a proven medium of commerce complementary to Bitcoin.
Bata’s name comes from the word Barter. Barter was the first form of trade.
Direct barter deals can be effective, but they lack flexibility, which limits how often they may occur. The challenge with a direct peer-to-peer barter is you might want something that one person or business has, but they may not want what you have. Bata is currency that can replace dollars. Bata allows barter or trade conveniently across multiple platforms right across the globe.
Bata is flexible, secure and fully accountable peer-to-peer currency that enables individuals access to goods and services all around the world.
When you choose to use your Bata Wallet with TOR or I2P Bata Nodes, your IP address is hidden, no need for external mixers or other 3rd Party methods. Bata’s Wallet has integration with I2P or TOR – a hidden wallet address provides privacy and extra security from hackers or anyone else. Bata adds another dimension to the way you spend money by giving you the freedom and privacy of Peer to Peer transactions. Your money is your business, not our’s or anyone elses.
With Bitcoin, transactions are published to the Block Chain and you can prove who made them or to whom, but with Bata the anonymization your IP address via I2P or TOR makes it impossible to trace them. This is important because the block chain is accessible to anyone with an internet connection – a significant drawback for those who don’t wish their transaction history and balances to be publicly available. Bata does this through utilizing an innovative decentralized network of servers called BTA I2P and TOR Nodes, avoiding the need for a trusted third party that could compromise the integrity of the system.