7th May 2015: ParkByte Launched
7th May 2015: ParkByte Added to CryptoTradeEx
7th May 2015: ParkByte Added to Yobit.net
18th May 2015: Noticed POW Phase was going to be halved due to the amount of staking, promised to burn premine down to 20% when POW ends
18th May 2015: ParkByte added to CryptoID Block Explorer
19th May 2015: Paid & Requested for Proof of Dev to be done by coinssource.com
19th May 2015: ParkByte Added to C-Cex.com
26th May 2015: Coinssource completed Proof Of Dev, giving ParkByte 4 stars out of 7
30th May 2015: ParkByte Logo contest announced
2nd June 2015: POW Ended at block 89000 - Premine Burned (POW Coins: 3,688,710 | 20% Premine: 922,178 | Total Supply: 4,610,888)
3rd June 2015: ParkByte Added to Bittrex.com
16th June 2015: ParkByte Logo contest ended
21st June 2015: New Logos announced, crush was the winner of 24,000PKB
25th June 2015: New windows QT released with new logo and In-Wallet Explorer
28th June 2015: Proof of Dev Rating updated to 5 stars out of 7
3rd July 2015: Electrum Server & Client released on GitHub
19th July 2015: Coinomi Android Wallet released on GitHub & Play Store
23rd July 2015: Pull Request submitted to add ParkByte to Coinomi master version
19th August 2015: ParkByte Limited is incorporated as a Limited Company in the UK
28th August 2015: ParkByte BIP44 Index Registered Pull Request
29th August 2015: ParkByte Electrum Server codebase moved to Encompass Mercury Pull Request
30th August 2015: ParkByte Website has been Revamped https://www.parkbyte.com
30th August 2015: ParkByte Added to the Official Coinomi Android Wallet Coinomi Playstore


 



The idea of this coin is to lay the foundations to give car park operators the platform to integrate with cryptocurrencies with ease.

I see Bitcoin as the tool that is trying to revolutionize the Financial Industry and it shouldn't stop there. There are many other industry's worldwide that could benefit from its technology.

ParkByte will be therefore specifically targeted at laying the foundations for processing parking transactions.

Currently Parking can be paid via many methods but I am yet to see a crypto related method.

In the UK we are able to pay for parking via Companies like RingGo (http://en.wikipedia.org/wiki/RingGo), they accept Credit Card, Premium SMS methods but not Crypto.

These type of companies have in the previous years been putting a lot of pressure on conventional coin and ticket machine manufacturers because their system is cost effective. Cobalt, RingGo's parent have now "securely processed over £1 billion" for "4,000 sites across the UK, by more than 60 local authorities, 10 railway operators and numerous private parking operators".

After having worked in the Parking Machine Manufacturing Industry for 5 years, I can see there being a huge amount of potential for this coin, its unique iOS / Android APPs and the backend processing servers.

The coin will provide basic functionality, we could then explore maybe a type of CMS marketplace where developers sell their own themes, plugins etc. for the backend server used by the parking companies.

I have set out the basic process from setup to checking tickets here: http://www.parkbyte.com/concept/

There is a 20% PKB premine; this will only be used to pay for development work and an adoption fund.

Agreed, I have seen it too and will most definitely see it again.

Quick profit is however usually a small profit, I know how much money is spent in the parking industry year in, year out and I'd prefer to try and get a slice of that pie rather than just putting another useless coin on the market for a quick $$.

Plus I hate finding change or using a credit card to pay for parking

Well there doesn't need to be a new coin, and there would be nothing to stop them doing it for bitcoin.

I do see a few benefits to using an alt coin rather than bitcoin.

TX Fee BTC its 0.0001BTC, PKB will be 0.0001PKB (unless 1PKB=1BTC this is a generous saving for 1000's of daily micro payments.)
Block times, PKB will be 1minute compared to bitcoins 30minute block
Users can stake their coins and earn interest on their parking change
Bitcoin doesn't have a specific target market, even though it will probably always be the leader of crypto it does have a bad image for its uses. ParkByte is specifically targeted at parking, not drugs, not anonymity and not to avoid the alphabet agencies' eyes.
Maybe just maybe Parkbyte *might* be less volatile

Lastly, Why not? I am only joining in on the mass altcoin creation I was starting to feel left out  .

OP Updated

LAUNCH DATE: 7th May 2015

Thanks for taking the time to read the thread before posting this time.

My quick sarcy response to that would normally be "well then ParkByte has a better potentional than other altcoins out there"

However here is a better response

I have worked for a leading parking machine manufacturer for 5 years, so I do have contacts.

I am not however like Homero Garza, claiming to have partnerships etc when i do not.

Therefore, there are no contracts, contacts, support or anything for this coin at this time.

It is merely an idea that people have the opportunity to speculate on, no one is forcing their hand.

The premine will be to pay for Development work

EDIT: sorry missed this point


The $100k to build you talk about, I assume you are talking about the server backend, the majority of this won't come from the coin.

The idea is that the coin provides basic framework, ease of integration and generically useable worldwide, think of this as the Blockchain.info but targeted specifically at paying to park your car.

It will then be upto the "Providers" to do the $100k work. I would then see some sort of marketplace opening up, where dev's make addons, plugins, themes etc, similar to the CMS used these days.

Convincing the parking companies would be down to the "PZB Processors", I would suggest a path like PZB to BTC, BTC to Bitpay,  Bitpay to Fiat.

Agreed, highly volatile crypto is risky and why should they accept it? Because sooner or later, with all the regulations coming out and crypto's increasing user base, ideas like this will flourish and old technology will die

60 day POW isn't a scam, just the coin spec, if 60day POW is a scam then I am sure you wont like the fact there will be a premine too.

Within the next week, I will give a firm date tomorrow.

I expected people like these anyway, it is not their fault. I think people who post posts like these have probably been left holding a bag in the past and now every coin is just a scam or whatever.

Obviously this has and always will be the Dev's fault, you know because the dev did not do the research for them and then read them his findings.

Instead they probably blindly invested in a coin, didn't understand its intended use (real life use, a novelty coin or just an outright pump and dump coin) but put BTC in it when it was being pumped.

Top Tip, if you cannot be bothered to read, use some sort of text to speech addon

It is a short POW, currently its looking like a 60day POW/POS then 100% POS

Please provide screenshots of where I mentioned "contracts with the car park companies", there are currently 0 companies on board and I have never said otherwise.

I also did not say that I alone will be programming the app, the real issue you should be asking here is how do you get apple to list it in their store, but that would require thinking outside of the box.

Who's time am I wasting other than my own? you do not have to be apart of it. I believe an altcoin that has an real life idea behind it is 1000% better than most of the altcoins about

Thanks for contributing though..

He does bring up a good point though. Car parks with numbered spacing.

Easily solved the APP asks for the registration plate of the car (via ANPR and the camera) or the number of the bay

Wouldn't it be good to have 1 APP using crypto, with all those providers able to use the ParkByte wallet's backend (IE, QR Code has the provider's server details in so it connects directly to that provider to handle the request)?

We have pay by text or phone here in the UK operated mainly by RingGo, and its a terrible system to use and you usually register with a credit card or pay by premium SMS

Lets not forget having the ability to extend your parking time from your phone and get a refund on unused parking time

Thank you.

Yes I believe this will lay the path for normal everyday people to get a foot into crypto.

It or something similar will be accepted by big companies like (UK) RingGo, who's parent company "Cobalt’s automated systems have securely processed over £1 billion on behalf of our customers. Our market leading solutions are used by 100 local authorities, 10 rail operators and private companies such as NCP, NSL and Vinci. " I believe those are all UK Car Park Operators

Yes, you have obviously never tried to pay over the phone to park or via SMS, I am sure there are loads of complaints about how that system doesn't work (here in UK anyway)


Likely SHA hasn't been decided yet

Updated:

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About ParkByte [PKB]:

The idea of this coin is to lay the foundations to give car park operators the platform to integrate with cryptocurrencies with ease.

I see Bitcoin as the tool that is trying to revolutionize the Financial Industry and it shouldn't stop there. There are many other industry's worldwide that could benefit from its technology.

ParkByte will be therefore specifically targeted at laying the foundations for processing parking transactions.

Currently Parking can be paid via many methods but I am yet to see a crypto related method.

In the UK we are able to pay for parking via Companies like RingGo (http://en.wikipedia.org/wiki/RingGo), they accept Credit Card, Premium SMS methods but not Crypto.

These type of companies have in the previous years been putting a lot of pressure on conventional coin and ticket machine manufacturers because their system is cost effective. Cobalt, RingGo's parent have now "securely processed over £1 billion" for "4,000 sites across the UK, by more than 60 local authorities, 10 railway operators and numerous private parking operators".

After having worked in the Parking Machine Manufacturing Industry for 5 years, I can see there being a huge amount of potential for this coin, its unique iOS / Android APPs and the backend processing servers.

The coin will provide basic functionality, we could then explore maybe a type of CMS marketplace where developers sell their own themes, plugins etc. for the backend server used by the parking companies.

I have set out the basic process from setup to checking tickets here: http://www.parkbyte.com/the-concept/

There is a 2million PKB premine; this will only be used to pay for development work.

Please note, there are no partnerships/contracts/support at this present moment from any parking related company and I do not intend to build a $100k backend system; that will be for the marketplace/parking companies to build.

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Roadmap:

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Proposed APP flow:

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Pools:

No Pools Yet

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Exchanges:

No Exchanges Yet

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Misc:

Official Website
PRE-ANN Thread
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