You can download it from the official website and it is available on a number of operating systems for PCs and Macs. Another feature of the BlackBytes network is that users are able to define their own unique currencies. This can be done by mixing the various other properties of the ByteBall network.
Foundation Funding
Obyte’s current circulating supply is 739,529 GBYTE out of max supply of 1.00M GBYTE. We would like to be more specific here but setting a specific budget per distribution method would only give a false sense of security. Frankly we don’t know which method will be the most popular and we intend to try out many more. We want to use the rest of the funds for all of the other distribution methods combined, including our long term Grants Program.
Other Assets & Atomic Exchange
Obyte has also established connections with other prominent networks, such as Ethereum, through a decentralized cross-chain bridge called Counterstake. This bridge enhances interoperability and allows for seamless asset transfers between different ecosystems. Launched on Dec 25, 2016, Obyte is a distributed ledger based on directed acyclic graph (DAG).
User-Friendly Peer-to-Peer Payments
Identities are confirmed with the help of Jumio and the Real name attestation bot. Wallet identity verification is practical for payments that make a user declare their identity for legal purposes such as ICO events. Smart contracts are created and interacted https://www.tokenexus.com/ with by messaging different chatbots from Bot Store. Interacting with smart contracts is as simple as answering a few questions from a helpful chatbot. This is a critical step towards fostering a more interconnected and accessible blockchain ecosystem.
Obyte Quarterly Returns
Once verified, a user’s personal data is securely stored directly in their wallet. At the same time, a hash of the personal data is stored on the public DAG and signed by a trusted attestor. Byteball is a master when it comes to peer-to-peer smart contracts. Users of Byteball can enjoy risk-free conditional smart payments—all you have to do is set a condition when the payee receives the money. If that condition is not met, then you get your money automatically sent back to you.
Free Distribution
This means that about 65% of the total supply was distributed already. These Blackbytes can be sent between two different parties who are communicating via encrypted messaging. The DAG will register that the previous owner of the Blackbytes is no longer in possession of it, yet it won’t register the recipient of the new Blackbytes. Not only does this mean that payments can be verified more quickly, but it also means that the network is kept sufficiently decentralised. One of the other problems that many see with Bitcoin is the large centralised mining pools which can threaten the network.
- Hence, you should take caution when you enter your buy order as you do not want to have an adverse impact on the price.
- The rules that are coded into the contract are immutable which means that they cannot be changed.
- Each new transaction references one or more previous transactions.
- The table above shows the price and ROI of Obyte today and previous years on the same date (Aug 12).
- Not only does this mean that payments can be verified more quickly, but it also means that the network is kept sufficiently decentralised.
- The platform’s commitment to security is further evidenced by its comprehensive privacy solutions, which include encryption and smart contract audits.
Earlier this year, ByteBall had partnered with Jumio in order to verify the identity of the person that was creating a particular ByteBall address. When one places a bet or makes a prediction, the payoffs of these are generally conditional in nature. You will be paid out a certain amount that is based on the outcome of some external event. 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.
Blackbytes are a cash-like, untraceable currency whose transactions are not visible on the public database. You cannot buy or sell blackbytes on traditional cryptocurrency exchanges. However, you can buy and sell blackbytes using Freebe, which exchanges blackbytes from one user byteball bytes to another, completely anonymously. It supports risk-free conditional payments, enabling users to execute transactions under specific conditions without the need for intermediaries. This feature is particularly useful in creating trustless agreements within the ecosystem.
What about the rest of the undistributed funds?
In the past, the team has distributed Bytes and Blackbytes for free to BTC holders and to existing holders of Bytes who have linked their accounts. They have now distributed 64.5% of its total supply for free over a total of 10 airdrops over the past year. In addition to payment for storage fees, you can pay Bytes directly to other users for goods or services. The live Obyte price today is $7.15 USD with a 24-hour trading volume of $1,850.53 USD. The current CoinMarketCap ranking is #1145, with a live market cap of $6,188,263 USD.