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Obyte Review

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Average

Revainrating 4 out of 5  
Rating 
3.8
Crypto Projects

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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.

Reviews

Global ratings 15
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Type of review

Revainrating 4 out of 5

They are attempting to tackle the issue of reordering ...

Baseball is an agreement estimation used to secure against two expenses, and it additionally relies upon deciding every one of the necessities inside the DAG. This is finished by choosing a chain considered the primary chain that buoys to the units given by the confided in clients that are by and large considered. With this work, which can be composed with only one email address, a ton of trades can be made. These trades are utilized to make this work extraordinary carts. I can likewise say th

Pros
  • Probability of trading resources if the terms concurred with them are not met.
Cons
  • No issues

Baseball is a contract calculation used to protect against two costs, and it also depends on determining all the requirements within the DAG. This is done by selecting a chain called the main chain that floats to the units provided by the trusted users that are generally considered. With this work, which can be written with just one email address, a lot of exchanges can be made. These exchanges are used to make this work great wagons. I can also say that I love the Obbyte project because they…

Pros
  • Possibility of exchanging assets if the terms agreed with them are not met.
Cons
  • No problems

Revainrating 3 out of 5

Tony Churyumoff, founder and chief designer of Byteball

At the same time, the main delivery of GBYTE coins was brought. Instead of using a block that has a different version of the different sends, it stores and orders an exchange using a Distributed Asic Graph (DAG) that connects Byteball Stores and Backup units. Like other conventional digital currencies, for example, Bitcoin and Ethereum, Byteball, allow you to perform a part that determines the location of the buyer's wallet and the amount of money you want to send. However, the main…

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

Revainrating 3 out of 5

A platform for asset management based on the DAO system.

The Obyte plan is a plan aimed at protecting the security of its users because of the relevant plans they are calling on their traders, in other words, all I can say about this plan is that in fact, you can argue using this plan and you can only make money. It has a well-proven 4-year distribution book system and a large number of creators working on it. Each time there are new and innovative features. These functions fill the real use case for Object. In particular, it is a payment service by…

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.

Revainrating 3 out of 5

Project offering smart betting system: Obyte

The Obyte project is a project that aims to protect the safety of its users thanks to the smart projects they offer to their merchants while registering. Another thing I can say about this project is that you can make bets using this project and you can simply find the opportunity to earn money. With this project, which can be registered with only one e-mail address, you can do many transactions and have fun while doing these transactions. I use this project to make smart bets. And I can s

Pros
  • High security thanks to smart contracts
  • Can be used by everyone
  • constantly evolving structure
Cons
  • no

Revainrating 5 out of 5

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.

Revainrating 5 out of 5

Obyte: a platform for asset management based on the DAO system

Obyte is a platform that operates a digital currency through the application of acyclic Directed Graphs (DAG) that are compatible with decentralized applications to allow the exchange of assets; through a free distributed ledger. Token: Gbytes tokens allow network operations to be carried out and can be traded in the platform's native wallet without the need to resort to other external exchanges. Technology: Obyte is a pioneer project in the use of DAG technology in the cryptocurrency…

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.

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…

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)

Revainrating 4 out of 5

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. 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.

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.

Revainrating 4 out of 5

A project to observe

The Byteball network was launched in December 2016 by founder and chief developer Tony Churyumoff. At the same time, the first distribution of GBYTE coins was produced. Instead of using blockchain, which is something other than other types of launches, so Byteball stores and orders transactions using a Distributed Acyclic Graph (DAG) that links storage units to each other. Like other common cryptocurrencies, such as Bitcoin and Ethereum, Byteball allows you to execute a payment specifying…

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

Revainrating 3 out of 5

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…

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.

They are trying to solve a problem about transfer and storing the value in the simplest way possible. They are working based on DAG mechanism. Tokens were distributed among users in 99% free as a cash back for btc holders, giveaway etc.... User is managing his privacy he can show his identity to anyone but he don t have to. It's token that is supporting anonymity. You can also bet with Obyte, put a value into message or pay directly in chatpage t have to. It's token that is supporting…

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

Byteball is an interesting and special project, in fact it does not use a blockchain: it makes use of a revolutionary new technology called a Directed Acylic Graph or “DAG”. It's very famous in the Bitcoin community because the ByteBall coins were distributed to Bitcoin holders during 2017 in a proportion to how much they held. The project began in late 2014 when the Russian technologist, Anton Churyumov, was looking for ways to solve issues that he saw existed on the Bitcoin blockchain. Thus…

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.

Revainrating 1 out of 5

bad one

bad one

Pros
  • not good
Cons
  • not good

https://byteball.org/ Bitcoin shaped fintech. From their website, they espouse a value I hold dear in this space - the concept of things being as free as possible, ( My other favorite attributes being as sharable as possible, as distributed as possible, decentralized, immutable data, I could gush all day, guys.) "Mass adoption requires wide distribution, that's why 99% of all bytes and blackbytes are to be distributed for free." So this addresses many of the consumer hangups seen already

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.