Heya,
I've been building interest in Bitbay. Sounds like a promising project! Out of curiosity, does BitBay have a lot of competition for the direction it's trying to head in? Ie, are there other crypto-based, decentralized marketplaces similiar being released?
Trying to understand the uniqueness of the project, what competition it has and what kind of growth it could expect over the coming year or more
Thanks, have a good day
Once you factor in the rolling peg, which will be released by the end of the year, there won't be another coin on the market even close to touching it.
Double deposit escrow is a technology that is exclusive to David's Halo coins.Currently only BitBay, Blackcoin, and Bitcoin have double deposit escrow built-into their wallets. This tech removes the middleman from the equation 100%!
Shadowcash is attempting to create the same tech for their marketplace, and it honors David knowing that others like Shadowcash see the power of removing the middleman completely out of the equation.
I don't know how far along they are with their progress. And now they are transforming into Particl. Wish them the best of luck.
But either way, I don't know if they plan to ever try to implement a rolling peg protocol to their current design.
The whitepaper for the rolling peg will be released in a few months. It is already completed, we just don't want to release it yet until we get closer to it's implementation.
So stick around, buy on the dips and keep accumulating till the rolling peg gets here. Then the real fireworks will start!