Total Coins: 4344
Total Market Cap: $ 17,214,374,173,658
24H Trade Volume: $ 6,457,934,019
BitBay (BAY)
BAY
$ 0.0169468412 ( -4.73%)
Mkt. Cap.
$ 17.21 M
Vol. 24H
BAY 0 ($ 0)
Open 24h
$ 0.017787715
Low/High 24h
$ 0.0167527934 - $ 0.018111128
Last trade
BAY 0 ($ 0) / BitTrex

Charts price for BitBay (BAY)

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Description of BitBay (BAY)

BAY Origin

Release Date: December 12, 2014.

BitBay is a project that aims to establish new standards for the eCommerce industry. The main focus is to provide a free and decentralized marketplace for the purchase and sale of services and goods via Blockchain technology. Led by David Zimbeck (Lead Developer), BAY hosts a team of enthusiastic and experienced individuals from all around the world.

BitBay Functionality.

Essentially, BAY acts as a marketplace that allows users to sell their items to other individual users in a decentralized manner. All prices on the platform are denominated in BAY.

 Users can establish smart contracts that load goods and funds onto. The smart contract holds these goods and funds until execution (escrow). Users can built reputation points on the platform by mounting repeat transactions. The BAY token is also dynamically pegged, which means that the price remains non-volatile.

BAY also provides integrations for VPN’s, proxies, and TOR (anonymous browser). The platform also features a multisignature wallet and an on screen keyboard for enhanced security measures.

What’s interesting about the platform is that it has time locking contracts and atomic swap functionality. Which allows for the execution of cross-chain transactions.

The BAY token is used for all operations on the platform be it bets, swapts, escrows, freezes, and the purchase or sale of goods and services.