Bata (BTA) is a cryptocurrency that has been developed to replace trade dollars in traditional Barter Systems.
Bata aims to change way the way they trade, by introducing Barter on the Blockchain.
A 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.
Their vision is to create a new system of commerce that will create new jobs for an information based economy, and to help break away from the current system of debt based money.
The decentralised Barter platform /exchange / marketplace will represent a transformative vision of the future of commerce, with the goal of removing the greatest pain points in the lives of sellers and buyers of goods and services. Providing unique interfaces, tools and automation features for traders of goods and services, commerce will be redefined by Bata. Users will more easily participate in barter as means of trade, while also allowing traditional buying and selling, and adding a system of incentives and leverage to traders and users in unique ways. It will build up a new form of trading community around the Exchange and Marketplace, and bring value to the entire cryptocurrency ecosystem.
Bata has evolved from Proof of Work (POW) Scrypt based cryptocurrency to Multi-Algo (6x Algorithms) POW with the features of Dash including Masternodes & the latest Bitcoin core. Bata’s 7th algo will be POS, making Bata a hybrid multi-algo POW/POS blockchain.
Bata’s growth has been organic, much like Bitcoin, with no funding or premine and established late April of 2015.