So what is this trying to accomplish? If you make a token just to make a token it doesn't really mean alot. What does this bring to the crytpo economy, what problem does this fix etc?
We tried to answer with the first post.
tl;drBTC is good to hold value, but it is not good for payment because BTC transaction is slow and expensive.
ETH's transaction, in the order hand, is faster and cheaper
We want to separate of concerns. Let ETH handle blockchain and take advantages of BTC's currency properties. In our road map, we also provide payment integration for Bytether(BTH)
BTH = BTC + ETH + Payment ecosystem.
Long versionWhy Bytether?
It is undeniable that Bitcoin is the most well-known cryptocurrency, yet the fundamental implementation of Bitcoin built its own obstacles such as low transaction speed and high transaction fee. Ethereum is much better in that concerns.
No doubt there are quite a few other coins trying to replicate Bitcoin on Etherum network but Bytether is different. We do cross-fork from Bitcoin blockchain to Ethereum network to provide a better currency and enable Bitcoin holders to instantly on-board. Bytether is the real equivalent Bitcoin on the Etherum network.
Cryptocurrencies payment is still inaccessible to many parties due to Bitcoin lack of the smart contract and discrepancy between various ERC20 tokens. Bytether, on the other hand, focuses itself around payment and payment only. With a specialized smart contract, Bytether can handle complicated payment transactions.
