Attention!

We have now the best option for a cryptocurrency product!

A more tangible one which is backed by a traditional business.

A paper mill factory — our sustainable income generating company.

A more predictable economic growth based on the condition of its business project.

It can be compared to Forex exchange, in which expeculation of dollar rates always increase.

Byzbit — A Tokenized Paper Mill Factory

Introducing BYZBIT — A Blockchain Solution

Defined as “an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value”. From a technical perspective, a blockchain is the term for a distributed P2P network. It’s append-only, immutable and only updatable with the consent of the peers within the network which is performed using the built in consensus mechanism.

It is a global network of peers in which each peer holds a copy of the distributed ledger. It contains every P2P transaction from the very first to the most recently verified, all in chronological order. Cryptography is used to sign each transaction which offers high security and integrity.

Blockchain technology will convert traditional manufacturing factory setup to a sophisticated smart digital manufacturing to produce high quality paper using agricultural waste like rice or teff straws. Integrated with smart energy that the company will adopt, production of paper will be more efficient and there will be less interruption of operation.

How does it differ from other coins?

BYZBIT is a utility token. That’s why it will generate more users and more demands for usage and adoption.

When we say utility token, we mean a digital cryptocurrency token that is issued in order to fund development of the cryptocurrency project and that can be later used for purchasing goods or services.

Utility tokens represent access to a current or future product or service (in this case Byzbit). Buying digital tokens could be considered as buying a software license that gives the owner the right to access the final product or service. One thing that differentiates tokens from software licenses is that they are transferable by user to user or user to crypto exchange. Opposed to Bitcoin, utility tokens offer the ability to encode functionality that matches the desired business logic in a service or product using smart contracts. Bitcoin has very limited scripting abilities which lead to limited use cases for the currency besides sending money from A to B.