The Bytus Private Blockchain network will ensure all information is out there in the open to every user to ensure transparency and security of the highest order. Any transaction made by a user and their initiation to exchanging tokens are public information which allows for free transactions in the internal operations . The blockchain has a centralized method of confirming the transactions. A transaction can only be initiated by the owner of the private key assigned to each user making it impossible for anyone else to spend the asset tokens except for the owner.
The Bytus Private Blockchain is based on the Graphene chain protocol. Graphene is an open-source code that can significantly reduce bandwidth in the block propagation process. The graphene source code is available in numerous variations, as has been forked and adapted many times. Graphene is interesting, since it is modular in nature, so it is adaptable to different uses. Graphene technology has the capabilities for massive scalability, potentially supporting hundreds and thousands of transactions per second.
The private blockchain has attracted more than 1,000,000 retailers from around the globe which has opened up the possibilities for a Bytus-based economy. The retailers on the Bytus network accept payments through the Bytus wallet which makes it easier and safer for both parties involved in the exchange.
“This is what Global Digital Payment through the Bytus project seeks to achieve by creating a private network ecosystem where users and crypto owners can exchange their tokens for Bytus tokens. The tokens are then stored in the Bytus wallet ready for transactions. ”
“ByTus, a new platform based in New York, has been designed to solve the problems mentioned. ByTus is aimed at enabling users to independently control the security of their funds, simplifying the process of conversion to accelerate buying goods and services, and helping current retail chains easily payment of crypto-currencies who can attract new customers want to pay and receive new markets.”
“Bytus is the creation of a strong team led by its founder, Altug Tatlisu who is an experienced software developer with over 23 years of experience. Together with experienced staff, Tatlisu is propelling his idea of developing a platform that can solve various issues plaguing the digital payments and cryptocurrency industries.”
“The reason behind Bytus’ success has been its innovation in the blockchain technology. Altug Tatlisu, who is the brains behind Bytus’ blockchain as well as the founder of Global Digital Payment and Bytus, has used his years of experience as a blockchain developer and expert to give potential investors to put their trust in Bytus tokens.”
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