Bither

Layer, MultiMining, Optimizing Energy Consumption

Bither Platform is a three-layer network that is capable of running smart contracts and different projects on all three layers. In this network, miners are allowed to mine on any layer and any project that they prefer without any obligation on staying on one network. In addition, Bither platform has a solution for the energy consumption on PoW mechanism in which miners' excess computing power is going to be used on valuable computations such as scientific researches and universities in need of computing power. Masternodes control this process and help to keep the network secure while running smoothly.

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About Bither

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 master nodes. Through a hybrid method, these masternodes are defined and implemented in high numbers. Moreover, each master node's information is compared to other master nodes and there is automatic and precise supervision over the accuracy of the computations and their orders.

In this method, master nodes 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 per cent 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 per cent 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 master nodes, the Bither platform presents a new solution to the current problem of mining centralization. The role that master nodes play in the distribution of hashing power is an innovative approach to solve the problem of ASICs. This way, ordinary has 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.

Movie

The team

Ahmed Khalil

Executive / Leadership / Career Development Coach

Ali Ghasemirad

CTO & Digital Marketing Strategist

Alvina Trofimchuk

E-Commerce Specialist & Content Manager

Daniel Driessen

Community Support Manager

Daniil Morozov

PhD in Economics | Top 30 ICOBench People of Blockchain

Dennis Oosting

Financial & Customer service expert | ICO advisor

Erik van der Veen

Director of Customer Experience & Community Expert

Hamza Khan

ICO Analyst | Blockchain and ICO Expert | ICO Advisor

Hosein bahrami

CMO & Market Research Director

Jaian Cuttari

Entrepreneur | Venture Capitalist | ICO Advisor

Julia Prus

Project Development Manager | Marketing advisor | Business analyst

Karen New

Blockchain Advocate, Speaker and Author

Malvina Nachkebia

Legal & privacy assistant

Natia Nargizashvili

Executive Assistant & Data Analyst

Naviin Kapoor

Blockchain Expert | Project Management | Business Analysis | Business Transformation

Revaz Nakhutsrishvili

Developer & Solution Architect

Reza Abbasgholiha

CSO & head of operations department

Roger Crook

Business Angel, Entrepreneur, Board & ICO Advisor, Mentor, International CEO

Shayan Shirazi

CRO & Director of Engineering

Shohel Alam

Entrepreneur | Business Consultant & ICO Expert

Tamila Tkemaladze

UI/UX Designer & Blockchain Researcher

Timo Trippler

Investment Manager | Risk Manager | IMMO HIGH 1000 | business development advisor

Vladimer Kurdadze

Web Developer & Software Quality Assurance Engineer

Roadmap

  1. Q3 2018

    Bitherplatform Whitepaper Release.

  2. Q4 2018

    Marketing.

  3. Q1 2019

    Marketing; Private Sale; Token Pre-sale.

  4. Q2 2019

    Token ICO; Listing on Exchanges.

  5. Q3 2019

    Bither Stock (BSK) and Rental Processor (BRP) Business Development.

  6. Q4 2019

    Testnet Launching.

  7. Q1 2020

    Bither Mainnet Launching; Wallet Release.

  8. Q2 2020

    Bither Stock (BSK) and Rental Processor (BRP) Mainnet Launching; Planning Roadmap for The Next Stage.

  9. Q3 2020

    Working on partnerships with large companies and Best Science And Technology Research Labs for Bither Platform.

  10. Q4 2020

    Bither Decentralized Exchange Launching.

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