A crypto currency aiming to become the de facto method of payment for the parking industry. A SHA256 coin operating on proof of work and proof of stake with a coin cap of 25 million. The idea of this coin is to lay the foundations to give car park operators the platform to integrate with cryptocurrencies with ease. They see Bitcoin as the tool that is trying to revolutionize the Financial Industry and that it shouldn't stop there. There are many other industry's worldwide that could benefit from its technology. ParkByte will be therefore specifically targeted at laying the foundations for processing parking transactions. Currently Parking can be paid via many methods but there is not yet a crypto related method.