Article Summary, Automatically Generated By AI
About Bata
- Bata (BTA) is a cryptocurrency aiming to replace trade dollars in traditional barter systems.
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Features:
- Dynamic Blocks
- Instamine protection (triggers after 5 blocks of a single algorithm)
- Deadlock protection (reduces difficulty when no new blocks are found)
- Spork control over block processing (no wallet upgrades needed)
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Goals:
- Create a new system of commerce (Barterchain)
- Create new jobs
- Break away from debt-based money
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About Bata: Empowering a New Era of Digital Assets
Bata (BTA), or Barter And Trade Alternative, bills itself as a cryptocurrency designed to supplant trade dollars in traditional barter systems. By introducing Barter on the Blockchain, Bata seeks to revolutionize the way people trade. The project’s overarching vision is to establish a novel system of commerce, dubbed Barterchain, which aims to create new employment opportunities and liberate individuals from the shackles of debt-based monetary systems.
The development team behind BATA boasts an impressive array of features, including:
- Dynamic Blocks – Height- and difficulty-based block generation ensures that blocks are not undervalued.
- Instamine Protection – This safeguard is triggered when five blocks of a single algorithm are mined within a short timeframe, preventing instamine attacks.
- Deadlock Protection – Even in the absence of new blocks, the difficulty is adjusted downward, allowing for faster block mining even after periods of exceptionally high hash rates.
- Spork Control over Block Processing – The team asserts full control over block processing, eliminating the need for wallet upgrades.