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Review on Obyte by fatih corumluoglu
I can't think of a con
There are many great features of Obyte and the one downside I could come up with has already been solved.
It is a well-established Distributed Ledger system of 4 years and has many developers working on it. There are always new and innovative features coming up. These features really increase the real-life use cases for Obyte.
I think it has a great potential and I think everyone should, at least take a look at what they have done and are currently working on.
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.
