[ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀

[Bit.Team Official Support]

Is the ICO still on going?

Yes it is. Feel free to visit our token sale website https://token.bit.team and participate early!

i actually invested during the first round and will come for more that's the reason I ask!

that sounds great!

[visoja]

 I just want to ask, since you’re Ethereum based exchange, wouldn’t you think scalability would also be an issue?

[Bit.Team Official Support]

I just want to ask, since you’re Ethereum based exchange, wouldn’t you think scalability would also be an issue?

Hello. I do not think it will. With a high level of automation that Bit Team platform has, it shouldn't be a problem. BTT is ERC20, our platform is blockchain based but not necessarily means that we will have the same network transaction limitation with Ethereum.
We should have a different approach on that  and there are lots of mechanisms that Bit Team platform would implement.  This will be discuss on a technical short paper that we will release soon.

[visoja]

I just want to ask, since you’re Ethereum based exchange, wouldn’t you think scalability would also be an issue?

Hello. I do not think it will. With a high level of automation that Bit Team platform has, it shouldn't be a problem. BTT is ERC20, our platform is blockchain based but not necessarily means that we will have the same network transaction limitation with Ethereum.
We should have a different approach on that  and there are lots of mechanisms that Bit Team platform would implement.  This will be discuss on a technical short paper that we will release soon.

 Okay that sounds great!
An what can you tell about network consensus with respect to time?

[Bit.Team Official Support]

I just want to ask, since you’re Ethereum based exchange, wouldn’t you think scalability would also be an issue?

Hello. I do not think it will. With a high level of automation that Bit Team platform has, it shouldn't be a problem. BTT is ERC20, our platform is blockchain based but not necessarily means that we will have the same network transaction limitation with Ethereum.
We should have a different approach on that  and there are lots of mechanisms that Bit Team platform would implement.  This will be discuss on a technical short paper that we will release soon.

 Okay that sounds great!
An what can you tell about network consensus with respect to time?

Well as you know we are still on PoW (Ethereum). When a hardfork happens that was strategically moved by next year, and so, (block size incrementation can only happen via hardfork) we will move to PoS when Casper V2 is released that will validate every hundred block (checkpoints). Not to mention sharding, which ever comes first it will be inherited by Bit Team platform that will solve network transaction latencies and discrepancies.

[paolaa]

why don't you like PoW?

[Bit.Team Official Support]

why don't you like PoW?

 It takes time each block as you obviously know, also consumed too much energy + resources. Not system wise for an exchange if you’ll look at the big picture.

[paolaa]

any pre emptive for 51% attack?

[Bit.Team Official Support]

any pre emptive for 51% attack?

It is highly impossible. BiT Team is on Ethereum blockchain, remember it is still on PoW

[cassiopeyaa]

any pre emptive for 51% attack?

It is highly impossible. BiT Team is on Ethereum blockchain, remember it is still on PoW

 How is the efficacy of beta platform? Can you share technical broad overview of the existing beta MVP analysis? Will Py play a role on it?

[Bit.Team Official Support]

any pre emptive for 51% attack?

It is highly impossible. BiT Team is on Ethereum blockchain, remember it is still on PoW

 How is the efficacy of beta platform? Can you share technical broad overview of the existing beta MVP analysis? Will Py play a role on it?

The beta platform architecture is web based as we know which is very regular and easy to access, front end GUI of Angular and Zone.js framework, Lodash and Hammer.js for libraries backend on top of Ethereum blockchain.
We prefer to used GO for our dApps.
Besides we’re on Ethereum blockchain which interoperability is more efficient with Solidity.

[paolaa]

any pre emptive for 51% attack?

It is highly impossible. BiT Team is on Ethereum blockchain, remember it is still on PoW

 How is the efficacy of beta platform? Can you share technical broad overview of the existing beta MVP analysis? Will Py play a role on it?

The beta platform architecture is web based as we know which is very regular and easy to access, front end GUI of Angular and Zone.js framework, Lodash and Hammer.js for libraries backend on top of Ethereum blockchain.
We prefer to used GO for our dApps.
Besides we’re on Ethereum blockchain which interoperability is more efficient with Solidity.

that's really nice i should say...

[digital67]

Bitcoin market is steadily moving upward and recovering. We hope that this will be the last resistance to hold onto.

[Bit.Team Official Support]

Bitcoin market is steadily moving upward and recovering. We hope that this will be the last resistance to hold onto.

We hope so too. Some reports suggests that Q1 would be much better for digital asset trading.

[sebast88]

Would be best if you can release some technical wp describing some components of the platform.

[Bit.Team Official Support]

Would be best if you can release some technical wp describing some components of the platform.

We will surely looking to release some technical short paper. Thank You.

[sebast88]

like what kind of problem do you solve etc.

[Bit.Team Official Support]

like what kind of problem do you solve etc.

There are two major issues that BIT Team aims to resolve:

1.) Impossibility to buy cryptocurrency directly. In order to enter a digital exchange, one generally needs to first purchase cryptocurrency from intermediaries at an elevated price. A trader’s losses in this case range from 2% to 15% (sometimes even more).
Complicated mechanisms of digital exchanges. Overloaded exchange interfaces are aimed at experienced traders. They impede the development of the cryptocommunity due to their very steep learning curve.
High risks when trading at an exchange. Even for skilled traders, an exchange is associated with high risks: it is very difficult to account for all the factors and achieve the desired result – that is, buy or sell cryptocurrency at an optimal price.


2.) High prices when buying directly through an exchanger. A trader wishing to purchase cryptocurrency for fiat has to confront high intermediary fees and commissions for deposits and withdrawals, ranging between 2% and 8%.
Our platform provides a complex solution to all these issues.
We offer the best exchange terms and a high degree of automation; all that a trader will need to control personally is the transfer of funds into his or her account.

[sebast88]

Who is the founder? What is the team’s background?

[Bit.Team Official Support]

Who is the founder? What is the team’s background?

Our CEO is Anatoly Berdnikov. You can find the detailed information about the team in our token sale website.