Bither Platform
Bither Platform
Token: BTR


Three-layer solution, Multi-mining capability, and Optimizing the energy consumption

PreICO dates
Start date: 2019-03-23
End date: 2019-04-05

ICO dates
Start date: 2019-04-20
End date: 2019-06-28

Registrated in: Georgia

Platform: Ethereum

PREMIUM ICO

Bither Platform categories
Smart Contract Platform Infrastructure Energy Cryptocurrency
Bither Platform whitepaper
Video
Bither Platform token sale
KYC passing required Yes | Whitelist No | Restriction for countries Afghanistan,Anguilla,Antigua and Barbuda,Bosnia and Herzegovina,Canada,Cayman Islands,Colombia,Dominica,Iran,Iraq,Niger,Nigeria,Saint Kitts and Nevis,Saint Vincent and the Grenadines,Seychelles,Syrian Arab Republic,Tajikistan,Turks and Caicos Islands,Uganda,USA,Vanuatu,Yemen
Soft cap 20000000 BTR
Hard cap 47000000 BTR
Tokens for sale 30000000
Price 1 BTR = 0.01 ETH
Minimal investment 0.1 ETH
Acceppting ETH

Bither presents an entirely new platform based on a synthesis of several methods. By introducing Merged-Mining capability and also optimizing computing power consumption, Bither sets its goal to draw more computing power toward its network through an efficient mining algorithm.

Bither works with “Proof of Work” (PoW), as its consensus algorithm, though with a different architecture and distinct functions compared to Bitcoin, Ethereum, and many other similar networks. Bither’s innovation is in its calculation of network hash rate and automatic separation of computing power by using trusted masternodes. Through a hybrid method, these masternodes are defined and implemented in high numbers. Moreover, each masternode’s information is compared to other masternodes and there is an automatic and precise supervision over the accuracy of the computations and their orders.

In this method, masternodes are equipped with a new processor core (software). Through this processor core, the entire hash rate of the network is calculated before being divided into four major parts:

  1. M percent of the network's total hash rate is allocated for mining new coins, recording transactions, securing the main network, and checking and executing smart contract algorithms on Bither's main network.

  2. N percent of the network's total hash rate is distributed among networks of the second layer. This computing power is used for recording and confirming transactions in networks of the second and third layers. It is also used for computation and summarization of the network's internal transactions.

  3. This part is shown by the percentage marker of K. Through the miners’ decision and selection, this part is assigned to operational projects; these are projects that run on the Bither network and need computing power for their processing.

  4. The last part is introduced by the percentage marker of L (L=100-M-N-K). This part is assigned to a third-layer network in which miners can lease their excess computing power, The token that is used in this network is called Rental Processor.

By implementing a modern architecture for mining and defining trusted masternodes, the Bither platform presents a new solution to the current problem of mining centralization. The role that masternodes play in the distribution of hashing power is an innovative approach to solve the problem of ASICs. This way, ordinary have a chance to mine as well.

Bither has presented a completely new platform that has many advantages in executing smart contracts, setting up scientific projects that need computing power, creating second and third layers toward the categorization of activities for tokens etc. Some of these advantages go as follows:

  • Optimized use of energy with the multi-mining ability to incentivize miners

  • The possibility to create thousands of sidechains in the network

  • Recording transaction details on the sidechains rather than the main network

  • Not needing Bither balance for the sidechain transactions

  • A standard platform where scientific projects can purchase their required computing power.

  • Providing the required hashing power for mineable projects at the start of their activity

  • Profitable mining during market downturns

  • Defining a safe and secure standard to prevent fraud in the initial coin offerings (ICO)

  • The possibility to define and create holding companies

  • Setting up decentralized and user-friendly exchanges

To conclude, the Bither platform -while providing all features of current PoW based blockchains such as security, “tokenization” and smart contracts, aims to push blockchain technology one step further in order to have a place in a green and eco-friendly future and to be a great help for scientific projects in order to afford the process of big data. Besides these, Bither has also brought many innovations to make its platform more efficient and user-friendly.


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Random whitepaper excerpts

Abstract
Bither presents an entirely new platform based
on a synthesis of several methods. By introducing
Merged-Mining capability and also optimizing
computing power consumption, Bither sets its
goal to draw more computing power toward its
network through an efficient mining algorithm.
Bither works with “Proof of Work” (PoW), as its
consensus algorithm, though with a different
architecture and distinct functions compared
to Bitcoin, Ethereum, and many other similar
networks. Bither’s innovation is in its calculation
of network hash rate and automatic separation of
computing power by using trusted masternodes.
Through a hybrid method, these masternodes
are defined and implemented in high numbers.
Moreover, each masternode’s information is
compared to other masternodes and there is
an automatic and precise supervision over the
accuracy of the computations and their orders.
In this method, masternodes are equipped
with a new proce...

Topics
1 Introduction
01
1.1. Blockchain technology and general information about its function
01
1.2. Major applications of Blockchain technology
06
1.3. Token
10
1.4. Smart contracts
11
1.5. Some capabilities of smart contracts
12
1.6. A study of the most important challenges of Blockchain based network
13
2 The architecture of the Bither platform
21
3 The Bither Stock network
33
4 Innovations and attractions of Bither
35
5 Practical examples applicable on the Bither network
39
6 How distribution and mining work on the Bither platform and the Bither Stock
46
7 Distribution method of the Bither platform’s token (BTR)
48
8 Distribution method of the Bither Stock’s token (BSK)
50
9 Distribution method of the Bither Rental Processor token (BRP)
52
10 Details of initial coin offering (ICO)
53
...

1. Introduction
1.1. Blockchain technology and general information
about its function
1.2. Major applications of Blockchain technology
1.3. Token
1.4. Smart contracts
1.5. Some capabilities of smart contracts
1.6. A study of the most important challenges of
Blockchain based networks
2. The architecture of the Bither platform
3. The Bither Stock network
4. Innovations and attractions of Bither
5. Practical examples applicable on the Bither net-
work
6. How distribution and mining work on the Bither
platform and the Bither Stock
7. Distribution method of the Bither platform’s token
(BTR)
8. Distribution method of the Bither Stock’s token
(BSK)
9. Distribution method of the Bither Rental Processor
token (BRP)
10. Details of initial coin offering (ICO)
PAGE I 01
Introduction
Blockchain technology and general information about its function
A blockchain is a distributed ledger that can record transact...

-
The sender owns enough currency in their account. All transactions of the sender’s account (public key)
must be controlled in the distributed ledger so that sufficiency of the account’s holding gets validated.
1. Introduction
1.1. Blockchain technology and general information
about its function
1.2. Major applications of Blockchain technology
1.3. Token
1.4. Smart contracts
1.5. Some capabilities of smart contracts
1.6. A study of the most important challenges of
Blockchain based networks
2. The architecture of the Bither platform
3. The Bither Stock network
4. Innovations and attractions of Bither
5. Practical examples applicable on the Bither net-
work
6. How distribution and mining work on the Bither
platform and the Bither Stock
7. Distribution method of the Bither platform’s token
(BTR)
8. Distribution method of the Bither Stock’s token
(BSK)
9. Distribution method of the Bither Rental Processor
toke...

1. Introduction
1.1. Blockchain technology and general information
about its function
1.2. Major applications of Blockchain technology
1.3. Token
1.4. Smart contracts
1.5. Some capabilities of smart contracts
1.6. A study of the most important challenges of
Blockchain based networks
2. The architecture of the Bither platform
3. The Bither Stock network
4. Innovations and attractions of Bither
5. Practical examples applicable on the Bither net-
work
6. How distribution and mining work on the Bither
platform and the Bither Stock
7. Distribution method of the Bither platform’s token
(BTR)
8. Distribution method of the Bither Stock’s token
(BSK)
9. Distribution method of the Bither Rental Processor
token (BRP)
10. Details of initial coin offering (ICO)
PAGE I 03
Figure 2
This means that a mechanism is needed through which the whole blockchain network can agree on
the order of transactions. The system p...

1. Introduction
1.1. Blockchain technology and general information
about its function
1.2. Major applications of Blockchain technology
1.3. Token
1.4. Smart contracts
1.5. Some capabilities of smart contracts
1.6. A study of the most important challenges of
Blockchain based networks
2. The architecture of the Bither platform
3. The Bither Stock network
4. Innovations and attractions of Bither
5. Practical examples applicable on the Bither net-
work
6. How distribution and mining work on the Bither
platform and the Bither Stock
7. Distribution method of the Bither platform’s token
(BTR)
8. Distribution method of the Bither Stock’s token
(BSK)
9. Distribution method of the Bither Rental Processor
token (BRP)
10. Details of initial coin offering (ICO)
PAGE I 04
Figure 3
Solving this math puzzle is time-consuming and its complication is adjustable, for example, the complexity
of the puzzle can be adjus...

1. Introduction
1.1. Blockchain technology and general information
about its function
1.2. Major applications of Blockchain technology
1.3. Token
1.4. Smart contracts
1.5. Some capabilities of smart contracts
1.6. A study of the most important challenges of
Blockchain based networks
2. The architecture of the Bither platform
3. The Bither Stock network
4. Innovations and attractions of Bither
5. Practical examples applicable on the Bither net-
work
6. How distribution and mining work on the Bither
platform and the Bither Stock
7. Distribution method of the Bither platform’s token
(BTR)
8. Distribution method of the Bither Stock’s token
(BSK)
9. Distribution method of the Bither Rental Processor
token (BRP)
10. Details of initial coin offering (ICO)
PAGE I 05
Figure 4
On the other hand, the network recognizes only the longest blockchain as the valid one. As a result, it is
almost impossible for an i...

1. Introduction
1.1. Blockchain technology and general information
about its function
1.2. Major applications of Blockchain technology
1.3. Token
1.4. Smart contracts
1.5. Some capabilities of smart contracts
1.6. A study of the most important challenges of
Blockchain based networks
2. The architecture of the Bither platform
3. The Bither Stock network
4. Innovations and attractions of Bither
5. Practical examples applicable on the Bither net-
work
6. How distribution and mining work on the Bither
platform and the Bither Stock
7. Distribution method of the Bither platform’s token
(BTR)
8. Distribution method of the Bither Stock’s token
(BSK)
9. Distribution method of the Bither Rental Processor
token (BRP)
10. Details of initial coin offering (ICO)
PAGE I 06
Major Applications of Blockchain Technology
The term “blockchain” is applicable to any network in which information is recorded by numerous
Reza Abbasgholiha
Reza Abbasgholiha CSO & head of operations department

Daniel Driessen
Daniel Driessen Community Support Manager

Ali Ghasemirad
Ali Ghasemirad CTO & Digital Marketing Strategist

Erik van der Veen
Erik van der Veen Director of Customer Experience & Community Expert

Shayan Shirazi
Shayan Shirazi CRO & Director of Engineering

Natia Nargizashvili
Natia Nargizashvili Executive Assistant & Data Analyst

Hosein Bahrami
Hosein Bahrami CMO & Market Research Director

Vladimer Kurdadze
Vladimer Kurdadze Web Developer & Software Quality Assurance Engineer

Revaz Nakhutsrishvili
Revaz Nakhutsrishvili Developer & Solution Architect

Malvina Natchkebia
Malvina Natchkebia Legal & privacy assistant

Alvina Trofimchuk
Alvina Trofimchuk E-Commerce Specialist & Content Manager

Tamila Tkemaladze
Tamila Tkemaladze UI/UX Designer & Blockchain Researcher

Alex Z.Kouchal
Alex Z.Kouchal
CEO
Ali Ghasemirad
Ali Ghasemirad
CTO & Digital Marketing Strategist
CTO & Digital Marketing Strategist
Alvina Trofimchuk
Alvina Trofimchuk
E-Commerce Specialist & Content Manager
E-Commerce Specialist & Content Manager
Daniel Driessen
Daniel Driessen
Community Support Manager
COO of Crypto Assist
Community Support Manager
Erik van der Veen
Erik van der Veen
Director of Customer Experience & Community Expert
Director of Customer Experience & Community Expert
Hosein bahrami
Hosein bahrami
CMO & Market Research Director
Malvina Natchkebia
Malvina Natchkebia
Legal & privacy assistant
Legal & privacy assistant
Natia Nargizashvili
Natia Nargizashvili
Executive Assistant & Data Analyst
Executive Assistant & Data Analyst
Revaz Nakhutsrishvili
Revaz Nakhutsrishvili
Developer & Solution Architect
Developer & Solution Architect
Reza Abbasgholiha
Reza Abbasgholiha
CSO & head of operations department
CSO & head of operations department
Shayan Shirazi
Shayan Shirazi
CRO & Director of Engineering
CRO & Director of Engineering
Tamila Tkemaladze
Tamila Tkemaladze
UI/UX Designer & Blockchain Researcher
UI/UX Designer & Blockchain Researcher
Vladimer Kurdadze
Vladimer Kurdadze
Web Developer & Software Quality Assurance Engineer
Web Developer & Software Quality Assurance Engineer