Mini White Paper – Digital Cash System
CASHBYTE (CBYTE) is a decentralized digital cash system intended for direct value transfer without intermediaries. It is designed to operate under minimal assumptions, with predictable monetary policy, optional privacy, and no dependency on centralized coordination. CASHBYTE is implemented as a Komodo Smart Chain derived from the Zcash codebase.
The primary goal of CASHBYTE is to provide a usable payment network.
CASHBYTE assumes users operate under different constraints. Some require auditability; others require privacy. The protocol supports both without enforcing either.
CASHBYTE supports two transaction types:
Shielded transactions preserve fungibility and protect users in adversarial environments. Their availability does not mandate their use. Transaction choice remains with the user.
Network security is provided through a hybrid consensus mechanism:
This structure reduces dependence on external hash markets while maintaining permissionless participation. Proof-of-Stake allows block production to continue during periods of low mining activity.
CASHBYTE enforces a fixed maximum supply of 84 million CBYTE. Emission is deterministic and shared between miners and stakers according to consensus rules.
A 2 million CBYTE premine was created at genesis to fund infrastructure, pool listings, essential tooling, and minimal network awareness. These funds are not intended to create artificial demand.
| Parameter | Value |
|---|---|
| Maximum Supply | 84,000,000 CBYTE |
| Consensus | Hybrid (55% PoS / 45% PoW) |
| PoW Algorithm | Equihash (Zcash-compatible) |
| Privacy | Transparent + Shielded Transactions |
| Premine | 2,000,000 CBYTE |
| Codebase | Komodo Smart Chain (Zcash-derived) |
CASHBYTE provides reference wallet implementations focused on reliability and accessibility. User experience is treated as an operational requirement rather than a growth mechanism.
CASHBYTE is designed to operate without a core development team. The protocol favors conservative design and long-term compatibility and rapid iteration.