Review on Obyte by Syed Adnan

Name: Obyte
Item: Obyte
Rating: 4

March 18, 2020

It offers a collection of features.

This is an innovative project of the crypto market. It performed much better than its main competitors. There are many features that make it different from other cryptocurrencies.
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It offers peer-to-peer insurance benefits where users can buy insurance and pay when a fall occurs. They can simultaneously sell their insurance to make a profit. Market forecast allows users to make predictions and make money. This allows for betting on sports games.
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Pros

It is an irreversible storage system for digital data and assets that operates on a decentralized framework. It provides tamper-proof storage facilities for data for cryptocurrencies, debt servicing, shares and more.
The database works with its internal currency, which allows new data to be stored. Since it is a decentralized system, no central authority manages the addition or extraction of new data units.
It provides a set of features like prediction, insurance, conditional payment and betting, among others, which make it unique to traditional cryptocurrencies. These functions are crypto enthusiasts and have made it popular among experts.

Cons

Despite its creative infrastructure it remains obscure. The main hurdle in this way is popularity among users. Despite its creative infrastructure it remains obscure. The main hurdle in this way is popularity among users.