Review on Obyte by LUIS RIVERO R
Highly scalable, blockless smart payment system. (contradictory)
Smart payments platform, the peculiarity of this project is that these are processed as long as the conditions established by the user who executed the transaction through the agreement are met, if this does not happen the funds are simply reversed.
Specifically it is a payment service using smart contracts designed to protect merchant parties.
You can execute smart bets, the amount you authorize can be blocked to predict events and win just by betting.
It offers an innovative service to send Obyte since any user with a valid email address can receive this asset without having the wallet still installed.
You can store your custom data decentrally using this string. (Encrypted data.)
In general, this is a highly private ecosystem in which the confidentiality of transactions prevails, as well as an integrated goods and services payment system that can be executed in your online store or sales service, delegating sales to a Bot, reducing expenses by staff and automating them, increasing your earnings. This is the best however this project is little known, it is also listed in few exchanges with a volume that does not correspond to its price.
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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)
