Pros
- Probability of trading resources if the terms concurred with them are not met.
Cons
- No issues
Obyte Review
15
·
Average
Rating
3.8
Crypto Projects
Description of Obyte
Byteball is the consensus algorithm used to protect from double-spends is based on establishing a total order within the DAG. This is achieved by selecting a chain, called main chain, which gravitates towards units issued by commonly recognized reputable users.
Pros
- Possibility of exchanging assets if the terms agreed with them are not met.
Cons
- No problems
Pros
- A decentralized process that allows you to collect sealed information
- DAG worked through innovation
- Allows sending restrictive parts; In general, a person sent to GBYTE will receive the property only when he / she meets the conditions you have defined as a feature of the contract
Cons
- Your Cherli cash is limited to two trades
Pros
- This is a decentralized platform.
- Calls digital currency without risk.
- Highest security through smart contracts.
- Anyone can use it.
Cons
- Cryptocurrency includes real-time market prices.
Pros
- High security thanks to smart contracts
- Can be used by everyone
- constantly evolving structure
Cons
- no
Pros
- Very fast transactions - It takes around a minute for a transaction to be verified
- Very low transaction fees - The transactions cost much less than a penny
- BlackBytes - Security tokens you can use to make private, untraceable transactions
- Autonomous agents - Similar to Smart Contracts but there is no contract in between the parties. Parties themselves are the 'contractors'
- Ostable - Newly launched stable coin system where the coins are pegged to some interesting assets or values. For example, there is a stable coin pegged to the price of GB(OByte)+%16 interest rate, and one that is pegged to the growth of this coin. There is also a stable coin pegged to the total market cap of all cryptocurrencies.
- No miners - No extreme amount of power waste
Cons
- OByte is a DAG and DAGs are vulnerable to some attacks. To prevent these attacks, DAGs usually have pre-validated witnesses. This can be interpreted as a downside for decentralization, and it is. But OByte has already replaced the pre-validated witnesses with new witnesses from the community.
Pros
- It is a decentralized platform.
- Offers digital currencies without the possibility of trace risk
- Allows you to send digital currencies through emails using text currencies.
- The network supports smart applications.
Cons
- The cryptocurrency has low value in the market today.
Pros
- Possibility of reversing the funds if the conditions agreed by the parties are not met.
- Highly decentralized platform and each transaction verified by participating nodes.
- This asset cannot be tracked.
- Highly decentralized.
- Highly scalable.
Cons
- Their technology has not been sufficiently verified.
- It is not processed by blocks of transactions, each transaction is added to the network and verified. (problems with some Blockchain users)
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.
Pros
- Decentralized platform that allows tamper-proof data storage
- Built through DAG technology
- It allows sending conditional payments; in other words, the person to whom GBYTE is sent will only receive the funds once they have fulfilled the conditions that you specify as part of the contract
- It allows private payments to be made using Blackbytes, which are described on the official Byteball site as an impossible to track currency whose transactions are not visible in the public database.
Cons
- Your native currency is limited in a few exchanges
- The price of the currency may be undervalued
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.
Pros
- + Low supply + Distribution to community + Activity in social media +Good technical whitepaper + Own wiki page
Cons
- - Internet page - Not much of a exchanges - volume - Lot of project with similarities - In moment of existing 12 worlds (witnesses) all are manage by creator
Pros
- ByteBall project has unique features: - sending conditional payments (one of the disadvantages of a Bitcoin payment is that once it has been paid, there is no way to get it back). With ByteBall, you have the opportunity to create simple conditional payments that will only verify the final transactions once these have gone through; so If the condition has not been met by the other party then your bytes are sent back to your wallet. In technical terms, you will be “binding” the payment to a specific condition; - hedging possibility against uncertain events. You can structure an insurance agreement in the code of ByteBall where someone who took out insurance will get the funds transferred to them from the issuer if the condition is met. You could either buy this insurance from someone else or you could sell it to them (a simple example of this can be a cancelled flight. When someone is buying flight insurance, it can be structured as a contract that will pay them out in the event that the flight is cancelled for some reason); - taking part in prediction markets. You can also use the P2P smart contract to bet on the movement of a particular price (for example, you could bet on the price of Litecoin. This could be used to hedge a current position on that cryptocurrency) ; - P2P betting (you can enter into a smart contract agreement with someone else on a particular sporting event. Based on the outcome of this event, the winner will then get the payment from the loser as defined by the contract rules). Another important topic is that ByteBall developers have given users the option of storing their ID in the wallet and determining exactly who to share this information with (one of the most prevalent examples of this is the KYC requirements that companies have to undertake when completing an ICO). Byteball has an enthusiastic community and a strong team behind it.
Cons
- DAG technology is still to be fully tested at scale, however it could theoretically be a much more scalable alternative to traditional blockchains.
Pros
- not good
Cons
- not good
Pros
- In the whitepaper, today I learned a new acronym. DAG - Directed acyclical graph - as also seen on Minergate when you're setting up an ETH mining attempt and it hangs up for 3-5 minutes. Companies / People / projects that make consumers more aware and more deeply educated creates both more consumers and more predictable behavior from those consumers. Smart stuff. Conditional payments - requiring both parties to hold up their end of it or the one performing properly gets their money back. Consumer protection! ( puts on Mel Allen outfit) "How bout that?" Notable is the Textcoins function. One of the many barriers to entry for people is the learning and tech and configuration side of crypto, wallets, addresses, learning the language ( the bitcoin space) etc. Textcoins allows you to...wait for it, text people some coins. Or you can email them some coins. If they don't already have any wallets of any sort, they probably have an email address or a phone that can receive texts. From the article by seemingly AUTHOR UNKNOWN AND OR I COULDN'T FIND THE NAME IN 3 SECONDS SO I GAVE UP. https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9 "The textcoins might be delivered through insecure media, such as emails or unencrypted chats. That’s why it is recommended to use them only for small amounts or through end-to-end encrypted chats, such as Signal, WhatsApp, and iMessage." I've long said you've got to train it into people or engineer it if you can't train them. With concepts seeking huge swaths of population to adopt into them, the smart choice is to engineer things into it first.
Cons
- Shoutout to the tastefully named Gregg Easterbook: "In deference to my Baptist upbringing, I am anti-gambling, but pro-topless." Byteball showcases as one of it's hooks Peer to Peer (P2P) betting. People should do what they want, so long as it harms none. If it harms self, I feel that fails to meet the criteria for harming none. Some people can bet for decades and not suffer social ills, and some fall into an unfortunate pattern. This is the downside to me ( one feature of many features in a strong product with good bones and good direction), but upside including Sovereign ID more than makes up for one persons individual opinion about an activity. I can certainly enjoy using Byteball Bytes and simply choose to not use that one feature.
