BlockBits

Blockbits is a decentralized open-source crowdfunding/investing platform. Its most innovative feature is that it eliminates sightless confidence requirements, thus providing a significantly safer investing experience. This is achieved via blockchain contracts, built-in features that allow it to become fully maintained and governed by its coin holders. We acquaint Blockbits, the platform that provides the optimal solving to the difficulty of risk and trust in investing. Our innovation consists of built-in features and mechanisms that take into account common rules of human psychology in relationship to danger and investment. Our final goal is to provide a safe investing experience, where: 1. Projects advance insofar as they are viable 2. Danger intrinsic to human prejudice or error is minimized. This, in rotate, will mean that investing will become accessible and relatively risk-free. Blockbits offers two types of project funding, namely, Direct funding and Milestone funding. For both, an innovative Vault mechanism is place in place to defend against hacking. The Vault isolates each investor’s funds into a disjoin agreement, with two enforced hardcoded production addresses: the platform and the investor wallets.