Barteos is the initiative that will finally take crypto mainstream, fulfilling Satoshi’s long-standing promise and vision surrounding Bitcoin. Barteos intends to actualize Satoshi’s vision of setting up a decentralized, international, digital cash system. A fork of Bitcoin and Ethereum, Barteos brings together barter trade merchants with the millions of Bitcoin and Ethereum users.
The previous blog looked at prevailing issues in the cryptosphere, and how Barteos intends to handle those issues. This blog will explore the technical specifications and features of Barteos in greater detail.
Forking Bitcoin and Ethereum
Barteos is designed for speed. Its proprietary blockchain, Barteum, is scalable and operates as an ownerless public benefit tech within a decentralized autonomous system (DAS). This model incentivizes its users. Barteos innovates with the use of artificial intelligence, and is free from “conflicts of interest”. This has been an issue that has been plaguing crypto historically.
Tech innovation that Barteos brings to the table
- Barteos is based on next-gen graphene; graphene-based blockchain leaves its competitors to bite the dust in terms of transaction speeds
- Graphene-based Bitcoin has the potential to do something that Bitcoin will never do, and that is being a real-time system to transfer value, which will witness widespread adoption
- Graphene has the capacity to push over 3000 transactions every second, this translates to 190000 transactions every sixty seconds
- The 4th generation blockchain enables barter exchanges to collaborate safely in real-time with each other – this will facilitate commercial liquidity and instant settlement
- The conversion of trade dollars to Barteos will open up businesses to the financial liquidity that crypto has obtained over the previous few years
- Barteos uses energy in a smart manner; Ethereum and Bitcoin utilizes as much energy as the nation of Lebanon and Ireland – this is unacceptable in the 21st century
- Owners of Ethereum and Bitcoin until the fork date will also be owners of Barteos tokens with the added advantage that it protects the investors from incoming scalable tech coins that are set to replace old techs such as Bitcoin and Ethereum
- Barteos is capable of hosting new token assets on its blockchain with the exception that these assets will not create bottlenecks in the blockchain
- Barteos intends to bring forth a blockchain transformation for current digital barrier currencies to unite them with this crypto fork
- The Barteum Blockchain and the DPoA (Delegated Proof of Authority) is a common-sense approach of ensuring the security of a crypto network and transaction validation
DPoA consensus protocol explained
Approved authorization nodes utilize cryptography to sign the blocks and receive votes from those with prior approval, and votes in the economic network of authorizers following a qualifying period.
Through the utilization of a decentralized voting process of dedicated stakeholders, DPoA has been designed as a democratic system that confirms the authenticity of every verifier and transaction. Instead of doing away with the necessity of trust altogether, DPoA has measures in place to make sure that those trusted with signing blocks cryptographically on behalf of the user are doing so correctly and with no biases.
In DPoA systems, decentralization is handled to make sure that speed and security are under control. Unlike other procedures that are used to secure crypto networks, each authorizing node in a DPoA system is a trusted entity instead of trust concentrating within the hands of those with the most resources like PoS.
This authorization system utilizing a trustless tech is appropriate for commercial usage. DPoA enables the network to obtain some of the major benefits of centralization while maintaining a controlled measure of decentralization. This framework is reinforced by a just election process where anybody that contributes to Barteos could be delegated to act as an authorizer and obtain transaction fees. (Much like Bitcoin.)
The logic that underlies DPoA is the development of a reliable and secure network for commercial utilization that maximizes the return-of-investment of an authorizing node. This maxes out the performance of the network and keeps the cost of network operation at a minimum.