Review on Obyte by Robiul Islam
Smart Payments Made Simple
Obyte (formerly Byteball) is best cryptocurrency and digital asset token management system. Obyte is a decentralized database with it's own native cryptocurrency, Bytes. It doesn’t have a blockchain nor blocks. Transactions are their own blocks and don’t have to connect in a straight chain. It can be used to store and transfer values of different asset classes such as currencies, bonds, and commodities. User have the ability to send payments and messages securely and anonymously using second currency Blackbytes.
It presents with key features that make its platform extremely powerful. Obyte allows users to make general risk-free conditional payments that meet the designated contract criteria only. Both token must be stored in Obyte’s own wallet. The wallet is available for iOS, Android, Windows, Mac, and Linux.
They have hard working team with a clear goal and product vision. Obyte attempts to solve many of the problems that have impeded the mass adoption of blockchain technology. Highlighted by its versatile conditional payments, Obyte offers a smart contract creation system that is simple enough to be utilized by almost any user.
Pros
- In the case of one of the lowest circulating supplies their supplies is very low.
- Smart contracts and payments are being made on mobile.
- Exceptionally detailed whitepaper, Easy for everyone to understand.
- Clear vision and goals with many applications.
Cons
- GBYTE contains many "bytes". Holders are likely to stall the network without holding and using too many "bytes".
- There are rarely any volumes on the 3 exchanges they listed.
- They have some strong competitors.
