The previous blog took a look at the Barteos token (BTE), before which we had a detailed look at the prevailing issues in the cryptosphere, and the tech specifications of Barteos.
This blog will take a deeper look into the technical specifications; specifically, the dual states of Barteos, and its presence as a fork of bitcoin and Ethereum.
Barteos is the beginning of a revolution in crypto. Financial predators like VISA, Mastercard, and PayPal have long been taking advantage of the status quo in the financial industry. Unscrupulous middlemen have become a staple of the financial industry. Barteos intends to reclaim this territory and put the power back where it matters: trade.
The Barteos token has two states on the blockchain. One is the conventional BTE, this is the open market state; just like every other crypto as they are traded on exchanges. The other is the BTE-FIAT state which is always aligned with a nation’s fiat currency. Barteos tackles the issue that plagues crypto today head-on, by acknowledging existing economic and financial frameworks.
BTE-FIAT carries cash rights for exchange back into fiat currency; fiat swapped for Barteos through independent licensed exchanges will not be used in the Barteos preliminary token allocation. This is for the international establishment fund. It will not be used in the free Barteos provided to the BTC/ETH fork.
The country reserve is independent and will be solely utilized for fiat-exchange liquidity of a nation. The reserves have been set up to give back a percentage of assets that will go towards the Barteos customer and merchant make-up in each country. This is to stimulate further economic activity.
Fork of Bitcoin and Ethereum
Barteos has been developed keeping in mind commercial-grade transactions; its objective is to unite the millions of bitcoin and Ethereum users with the numerous barter trade merchants worldwide. The barter trade market has been utilizing digital currencies for a very long while now, and Barteos understands that uniting these two markets is a space that is ripe for the taking.
Barteos makes use of a progressive, next-gen, graphene-based blockchain technology that features smart contract capability. This will simplify everyday transactions. The Barteos ledger is a clone on a new platform of software, that has drastically evolved from the first generation blockchain of bitcoin and Ethereum.
Barteos is the next-generation crypto, for the everyman and the everyday. Energy-efficient, smart, and progressive, Barteos transplants the userbase of bitcoin and Ethereum into an improved software system and framework that is forward-looking, scalable, and suitable for tomorrow’s realities.
Barteos is crypto, evolved.
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